ESTER2024-10-012024-12-31 ESTER2024-10-012024-12-31 ESTER2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member ESTER2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member ESTER2024-12-31 ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue01Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue02Member ESTER2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue01Member ESTER2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue02Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults01Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults02Member ESTER2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults01Member ESTER2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults02Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets01Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets02Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member ESTER2024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member ESTER2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member ESTER2024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member ESTER2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ESTER2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member ESTER2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member ESTER2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500136 ESTER NOTLISTED Ester Industries Limited Equity 2024-04-01 2025-03-31 2025-02-05 2025-01-31 INR Lakhs Third quarter 19:00:00 19:15:00 2025-02-05 2025-02-05 Not applicable Multi segment 2024-10-01 2024-12-31 Unaudited Consolidated 3455768000.00 54064000.00 3509832000.00 2029338000.00 0.00 11027000.00 190311000.00 164423000.00 171313000.00 629883000.00 3196295000.00 313537000.00 0.00 313537000.00 5479000.00 59901000.00 65380000.00 0.00 248157000.00 0.00 0.00 0.00 0.00 248157000.00 15234000.00 263391000.00 0.00 0.00 470209000.00 5 2.64 2.64 0.00 0.00 2.64 2.64 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, these standalone financial results ( financial results ) for the quarter and period ended 31 December 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 5 February 2025. 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) Regulations, 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 depolymerization 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. Preferential Issue Committee of the Board of Directors of the Company, at their meeting held on 16 September 2024, considered and approved the issuance of up to 1,10,75,941 fully convertible warrants ( 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 16 October 2024. On 13 November 2024, The Board of Directors of the Company have approved the allotment of these warrants on a preferential basis, to the persons/entities belonging to the Promoter & Promoter Group and Non-Promoter Group. The Company has received Rs. 43.75 Crores being 25% of the total amount payable towards subscription of the warrants from all the allottees. The warrants shall be convertible into equal number of fully paid-up equity shares of face value of Rs. 5/- at any time within a period of eighteen months from the date of allotment of warrants. 5. As per Ind AS 108, an operating segment is a component of the Company that engages in business activities from which discrete financial information is available and whose operating results are regularly reviewed by the Chief Operating Decision Maker (CODM) to allocate resources and assess performance. Accordingly, the Company has identified its operating segments as below: a) Polyester chips and film b) Speciality polymers 6. Subsequent to the period ended 31 December 2024, the Nomination and Remuneration Committee of the Board of Directors of Ester Industries Limited approved the grant of 1,43,742 stock options under the Ester Industries Limited Employees Stock Option Plan 2024 (ESOP 2024) on January 14, 2025. Each stock option, upon exercise, will result in the issuance of one equity share of the Company at an exercise price of Rs.114. Multi segment 2024-04-01 2024-12-31 Unaudited Consolidated 9628864000.00 142382000.00 9771246000.00 5979541000.00 0.00 10686000.00 531641000.00 516686000.00 516632000.00 2001711000.00 9556897000.00 214349000.00 0.00 214349000.00 10561000.00 86419000.00 96980000.00 0.00 117369000.00 0.00 0.00 0.00 0.00 117369000.00 -33455000.00 83914000.00 0.00 0.00 470209000.00 5 1.25 1.25 0.00 0.00 1.25 1.25 Other Expenses 629883000.00 Other Expenses 2001711000.00 Polyester chips and film 3120175000.00 Speciality polymers 335593000.00 Polyester chips and film 8396167000.00 Speciality polymers 1232697000.00 3455768000.00 9628864000.00 3455768000.00 9628864000.00 Polyester chips and film 527566000.00 Speciality polymers 100852000.00 Polyester chips and film 683035000.00 Speciality polymers 443387000.00 628418000.00 1126422000.00 164422000.00 516685000.00 150459000.00 395388000.00 313537000.00 214349000.00 Polyester chips and film 11674348000.00 Speciality polymers 1339305000.00 13013653000.00 2973100000.00 15986753000.00 Polyester chips and film 4592352000.00 Speciality polymers 59981000.00 4652333000.00 3627582000.00 8279915000.00 Acturial Gain/(Loss) on re-measurement on defined benefit plan -1164000.00 Acturial Gain/(Loss) on re-measurement on defined benefit plan -5528000.00 -1164000.00 -5528000.00 -245000.00 -1322000.00 Effective portion of loss on hedging instruments in cash flow hedges 20805000.00 Effective portion of loss on hedging instruments in cash flow hedges -39482000.00 20805000.00 -39482000.00 4652000.00 -10233000.00