Filatex India Sees 26% Profit Jump In Q1 FY26
Filatex India Limited, a leading manufacturer of polyester filament yarn in the country, has reported robust financial performance for the first quarter of FY26, posting a 26% year-on-year (YoY) growth in profit after tax (PAT). The company recorded a PAT of Rs 40.7 crore compared to Rs 32.3 crore in the same quarter last year. While revenue from operations slightly declined to Rs 1,049.4 crore, down 2.83% quarter-on-quarter (QoQ) and 0.47% YoY, the company’s operational efficiency improved notably. EBITDA for the quarter stood at Rs 77.8 crore, reflecting a 27.7% YoY growth and a margin improvement to 7.41%, up from 5.78% in Q1 FY25.
Commenting on the quarterly performance, Chairman and Managing Director Madhu Sudhan Bhageria stated, “Demand and margin signs are improving gradually. With import volumes expected to reduce, we foresee further margin expansion in the coming months.”
One of the standout initiatives announced during the quarter is Filatex’s proprietary Ecosis Technology, India’s first textile-to-textile circular recycling solution. Ecosis represents a major step towards sustainable manufacturing, allowing used textiles to be converted back into yarn through a closed-loop process involving depolymerization and molecular regeneration. This innovation significantly reduces textile waste, conserves resources, and supports the company’s ESG commitments.
The investor presentation also highlighted broader industry trends and growth drivers. Globally, synthetic fibres especially polyester, now account for nearly 74% of total fibre production, with polyester alone contributing around 57%. India’s per capita fibre consumption stands at just 5.5 kg, compared to the global average of 11.2 kg, pointing to significant untapped potential.
Additionally, various government-led initiatives such as the PLI scheme, the National Technical Textiles Mission (NTTM), and MITRA are expected to support the ongoing transition from cotton to man-made fibres (MMF) in India.
Filatex currently operates two integrated manufacturing units in Dadra and Dahej, with a total annual production capacity of 4.17 lakh metric tonnes. The company employs over 2,500 people and has maintained strong financial discipline, with long-term and short-term credit ratings of AA- and A1+, respectively.
Its product mix includes Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Drawn Textured Yarn (DTY), polypropylene yarns, narrow woven fabrics, and polyester chips. These products serve a wide array of industries including apparel, home textiles, women’s wear, industrial, athleisure, and healthcare.
Reinforcing its sustainability agenda, Filatex reported that 26% of its power consumption at the Dahej plant in FY24-25 was sourced from renewable energy. The company also reused 4.28 lakh kiloliters of water, accounting for nearly 39% of total water consumption at the plant.
With over three decades of expertise in the yarn manufacturing industry, Filatex India continues to evolve as a future-ready organization committed to sustainability, technological innovation, and long-term value creation.
