Ester Industries Ltd., a polymers manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 12.5% to Rs 323.36 million for the period ended September 30, 2021 as against net profit of Rs 369.33 million for the previous quarter.
Net sales increased 4.7% to Rs 3.36 billion during the period ended September 30, 2021 as compared to Rs 3.21 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit dropped 26.8% to Rs 323.36 million for the period ended September 30, 2021 as against net profit of Rs 441.9 million for the prior-year quarter.
Net sales increased 33% to Rs 3.36 billion during the period ended September 30, 2021 as compared to Rs 2.52 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit declined 5.9% to Rs 692.69 million for the 6 months period ended September 30, 2021 as against net profit of Rs 735.71 million for the prior-year 6 months period.
Net sales increased 48.3% to Rs 6.56 billion during the 6 months period ended September 30, 2021 as compared to Rs 4.43 billion during the prior-year 6 months period.
Ester Industries Ltd is engaged in the business of manufacture and selling polyester films, polyster chips, specialty polymers and engineering plastic compounds.