ESTER2024-07-012024-09-30 ESTER2024-07-012024-09-30 ESTER2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member ESTER2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member ESTER2024-09-30 ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member ESTER2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member ESTER2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member ESTER2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member ESTER2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member ESTER2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member ESTER2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member ESTER2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member ESTER2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ESTER2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ESTER2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ESTER2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500136 ESTER NOTLISTED Ester Industries Limited Equity 2024-04-01 2025-03-31 2024-11-06 2024-10-29 INR Lakhs Half yearly 17:30:00 18:15:00 2024-11-06 2024-11-06 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 3311598000.00 26246000.00 3337844000.00 2125654000.00 0.00 -90121000.00 170888000.00 184627000.00 172447000.00 706976000.00 3270471000.00 67373000.00 0.00 67373000.00 5082000.00 32110000.00 37192000.00 0.00 30181000.00 0.00 0.00 0.00 0.00 30181000.00 -48247000.00 -18066000.00 0.00 0.00 0.00 0.00 470209000.00 5 0.32 0.32 0.00 0.00 0.32 0.32 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, as amended, these standalone financial results ( financial results ) for the quarter ended 30 September 2024 and year to date results for the period 01 April 2024 to 30 September 2024, have been reviewed and recommended for approval by the Audit Committee and accordingly have been approved by the Board of Directors of Ester Industries Limited ( the Company ) at their respective meetings held on 06 November 2024. 2. The above financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 3. On May 1, 2024, Company entered into an agreement with Loop Industries Inc having principal office in Canada, to form a 50:50 joint venture based in India ( India JV ). The purpose of the India JV is to build and operate an Infinite Loop manufacturing facility in India which will manufacture of DMT and/or MEG through depolymerisation of PET and/or Polyester waste using patented Loop technology. Subsequently on 22 July 2024, Company has incorporated a private limited company in the name of “ESTER LOOP INFINITE TECHNOLOGIES PRIVATE LIMITED (“ELITe”)” in India as wholly owned subsidiary of the Company. ELITe is intended to be the joint venture company between the Company and Loop Industries Inc. (“Loop”) and both the Company and Loop will hold 50% in ELITe as per the joint venture agreement dated 1st May, 2024 mentioned above. 4. Company in board meeting dated 14 September 2024 has proposed to issue fully convertible warrants to promotors and non promotor groups convertible into one equity shares at any time within a period of Eighteen (18) months from the date of allotment of warrants. Preferential Issue Committee of the Board of Directors of the Company, at their meeting held on 16th September 2024, has inter alia, considered and approved the issuance of up to 1,10,75,941 Warrants of face value of Rs. 5/-per warrant, at an issue price of Rs. 158/- (Rupees One Hundred Fifty-Eight Only) per warrant for an aggregate amount of up to Rs. 1,74,99,98,678/-. The resolution for the same has been duly passed through postal ballot dated 16th October 2024. 5. Ind AS 108 operating segment is a component of the Company that engages in business activities whose operating results are regularly reviewed by the company's Chief Operating Decision Maker (CODM) to make decisons about resources to be allocated to the segment and assess its performance; and for which discrete financial information is available. Accordingly, the Company has identified its operating segments as below: a) Polyester chips and film b) Speciality polymers Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 6173096000.00 88318000.00 6261414000.00 3950203000.00 0.00 -341000.00 341330000.00 352263000.00 345319000.00 1371828000.00 6360602000.00 -99188000.00 0.00 -99188000.00 5082000.00 26518000.00 31600000.00 0.00 -130788000.00 0.00 0.00 0.00 0.00 -130788000.00 -48689000.00 -179477000.00 0.00 0.00 0.00 0.00 470209000.00 5 -1.39 -1.39 0.00 0.00 -1.39 -1.39 Other Expenses 706976000.00 Other Expenses 1371828000.00 0.00 9571403000.00 848981000.00 0.00 0.00 5789000.00 0.00 0.00 0.00 0.00 0.00 5799000.00 156795000.00 162594000.00 49650000.00 137160000.00 10775577000.00 1788307000.00 490969000.00 1713256000.00 153921000.00 345625000.00 3690000.00 15817000.00 2723278000.00 0.00 536825000.00 5048410000.00 0.00 0.00 15823987000.00 470209000.00 6535566000.00 7005775000.00 7005775000.00 4425675000.00 0.00 0.00 4425675000.00 110569000.00 173211000.00 0.00 301324000.00 5010779000.00 2900600000.00 594606000.00 171365000.00 3666571000.00 76531000.00 38152000.00 26179000.00 0.00 3807433000.00 0.00 0.00 8818212000.00 15823987000.00 Polyester chips and film 2867058000.00 Speciality Polymers 444540000.00 Polyester chips and film 5275992000.00 Speciality Polymers 897104000.00 3311598000.00 6173096000.00 0.00 0.00 3311598000.00 6173096000.00 Polyester chips and film 230071000.00 Speciality Polymers 146698000.00 Polyester chips and film 155469000.00 Speciality Polymers 342535000.00 376769000.00 498004000.00 184627000.00 352263000.00 124769000.00 244929000.00 67373000.00 -99188000.00 Polyester chips and film 11859798000.00 Speciality Polymers 1412763000.00 13272561000.00 2551426000.00 15823987000.00 Polyester chips and film 4923276000.00 Speciality Polymers 51396000.00 4974672000.00 3843540000.00 8818212000.00 317388000.00 -342742000.00 -237673000.00 0.00 0.00 106279000.00 -10573000.00 0.00 0.00 -40372000.00 0.00 0.00 0.00 345319000.00 0.00 2917000.00 0.00 1680000.00 -447000.00 105214000.00 0.00 28539000.00 589000.00 -13130000.00 0.00 -13913000.00 0.00 -22871000.00 0.00 169126000.00 69938000.00 0.00 0.00 0.00 11330000.00 0.00 58608000.00 0.00 0.00 0.00 -226700000.00 0.00 0.00 0.00 0.00 0.00 180994000.00 5018000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28933000.00 0.00 -182049000.00 0.00 -102392000.00 0.00 0.00 9227000.00 0.00 0.00 0.00 0.00 0.00 980752000.00 1485975000.00 0.00 15000.00 0.00 305943000.00 0.00 0.00 -801954000.00 -845738000.00 0.00 -845738000.00 999659000.00 153921000.00 Acturial Gain/(Loss) on re-measurement on defined benefit plan -3814000.00 Acturial Gain/(Loss) on re-measurement on defined benefit plan -4364000.00 -3814000.00 -4364000.00 -969000.00 -1077000.00 Effective portion of loss on hedging instruments in cash flow hedges -60287000.00 Effective portion of loss on hedging instruments in cash flow hedges -60287000.00 -60287000.00 -60287000.00 -14885000.00 -14885000.00