Filatex India Reports FY26 Results with Growth in EBITDA and Profit

Filatex India Limited (BSE: FILATEX; NSE: INE816B01035), an integrated, ESG-aligned polyester filament yarn manufacturer, announced its financial results for the quarter and year ended March 31, 2026.

Financial Highlights (Standalone Figures):
For Q4FY26, revenue from operations stood at ₹ 985.49 crore compared to ₹ 1080.02 crore in Q4FY25, reflecting a YoY change of -8.75%. For FY26, revenue from operations was ₹ 4160.52 crore compared to ₹ 4,252.52 crore in FY25, a YoY change of -2.15%.

EBITDA for Q4FY26 was ₹ 86.24 crore with a margin of 8.75%, compared to ₹ 75.72 crore and 7.01% in Q4FY25. For FY26, EBITDA stood at ₹ 346.52 crore compared to ₹ 257.70 crore in FY25, reflecting a YoY growth of 34.47%, with margins of 8.33% and 6.06% respectively.

Profit after tax for Q4FY26 was ₹ 40.25 crore compared to ₹ 41.38 crore in Q4FY25, a YoY change of -2.73%. For FY26, PAT stood at ₹ 183.90 crore compared to ₹ 134.57 crore in FY25, reflecting a YoY increase of 36.66%.

Production for Q4FY26 was 97,079 MT compared to 96,524 MT in Q4FY25, reflecting a YoY change of 0.57%. For FY26, production stood at 3,89,027 MT compared to 3,91,303 MT in FY25, a YoY change of -0.58%.

Sales volume for Q4FY26 was 89,841 MT compared to 96,561 MT in Q4FY25, reflecting a YoY change of -6.96%. For FY26, sales stood at 3,88,813 MT compared to 3,90,210 MT in FY25, a YoY change of -0.36%.

Key Business and Strategic Updates:
The company provided updates on its ongoing projects. The ₹300 crore textile-to-textile recycling project with a capacity of 26,750 TPA is progressing as per schedule, with commissioning targeted by September 2026.

The ₹235 crore brownfield expansion project for polyester filament yarn capacity, adding approximately 55,000 TPA mainly in POY/FDY/DTY, is also progressing as per schedule, with commissioning expected by September 2026.

The company continued implementation of renewable energy sourcing from hybrid wind-solar and solar projects, targeting an increase in renewable power share from approximately 26% to approximately 55%, with commissioning targeted by November 2026.

Filatex India Limited signed a Memorandum of Understanding with American & Efird Global, LLC to conduct trials of textile-to-textile chemically recycled polyester yarn in thread manufacturing applications. The initiative is aimed at validating recycled yarn applications across end-use segments.

Key Industry and Regulatory Updates:
Geopolitical tensions in West Asia led to an increase in crude oil-linked raw material prices, including PTA and MEG, during March, which temporarily affected demand and industry utilisation levels.

Higher freight, insurance and MEG import costs resulted in cautious buying and lower operating rates across the industry during the same period.

The removal of customs duties on PTA and MEG effective April 2, 2026, initially for three months, is expected to provide short-term relief from raw material cost pressures.

Planned domestic PTA capacity additions by Indian companies are expected to reduce import dependence, indicating that current raw material disruptions may be temporary.

Progress in the India–EU FTA and reduction in US tariffs on Indian textile exports continue to support export competitiveness over the long term.

Commenting on the results, Mr. Madhu Sudhan Bhageria, Chairman & Managing Director, said:
“I am pleased to share that the Company delivered a resilient performance in Q4FY26 and FY26, with revenue of ₹ 985 crore / ₹4,160 crore, driven by stable volumes, disciplined execution, and an improving product mix. Margins remained steady despite a dynamic environment, reflecting the strength of our integrated operating model.

During March 2026, the polyester industry saw temporary volatility due to geopolitical disruption in West Asia impacting crude-linked input costs. These were transitory, and we effectively managed them through prudent inventory planning, diversified sourcing, and disciplined customer engagement.

Looking ahead, structural tailwinds remain favourable, supported by the India–EU FTA, lower US tariffs, and Europe’s sustainability-led sourcing shift. Our capex are progressing on schedule, while Ecosis MoUs indicate early commercial traction in textile-to-textile recycling. With our scale, integrated capabilities, and focus on circular solutions, we remain well positioned for sustainable long-term growth.”