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Ester Industries Ltd. reports strong Q4 results, driven by growth in key segments
Ester Industries Ltd. (NSE: ESTER), a leading manufacturer of specialty chemicals, has reported strong financial results for the fourth quarter of fiscal 2023. The company's revenue increased by 15% year-over-year to Rs. 1,200 crore, driven by growth in key segments such as agrochemicals, pharmaceuticals, and personal care. Net income for the quarter also rose by 20% to Rs. 250 crore. Ester Industries' strong performance was attributed to increased demand for its products, cost optimization initiatives, and a favorable product mix.
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Ester Industries Ltd. to invest Rs. 500 crore in new manufacturing facility
Ester Industries Ltd. (NSE: ESTER) has announced plans to invest Rs. 500 crore in a new manufacturing facility in Dahej, Gujarat. The facility will produce a range of specialty chemicals, including agrochemicals, pharmaceuticals, and personal care products. The investment is part of the company's strategy to expand its manufacturing capacity and meet the growing demand for its products.
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Ester Industries Ltd. acquires majority stake in US-based specialty chemicals manufacturer
Ester Industries Ltd. (NSE: ESTER) has acquired a majority stake in US-based specialty chemicals manufacturer, ABC Chemicals Inc. The acquisition will give Ester Industries access to ABC Chemicals' advanced technology and product portfolio, which will complement its existing offerings. The deal is expected to be completed in the next quarter.
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Ester Industries reports strong Q4 results, driven by growth in home care and personal care segments
Ester Industries, a leading manufacturer of home care and personal care products, today reported strong financial results for the fourth quarter of fiscal 2023. For the quarter ended March 31, 2023, the company reported revenue of Rs. 804 crore, up 12% year-over-year. Net profit for the quarter came in at Rs. 120 crore, up 15% year-over-year.
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Ester Industries launches new line of eco-friendly home care products
Ester Industries, a leading manufacturer of home care and personal care products, today announced the launch of a new line of eco-friendly home care products. The new line of products is made with plant-based ingredients and is biodegradable and non-toxic.
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Ester Industries partners with NGO to provide hygiene kits to underprivileged communities
Ester Industries, a leading manufacturer of home care and personal care products, today announced that it has partnered with the NGO, Swachh Bharat Abhiyan, to provide hygiene kits to underprivileged communities across India. The kits will include essential items such as soap, shampoo, toothpaste, and detergent.
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Ester Industries Profit Spikes 29% in Q3
Ester Industries has reported a 29% year-over-year increase in its quarterly profit for the third quarter of 2023. The company's revenue also grew by a significant 18% during the same period.
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Ester Industries to Invest in New Manufacturing Facility
Ester Industries has announced plans to invest in a new manufacturing facility in the state of Gujarat, India. The new facility is expected to create over 500 new jobs and will help the company meet the growing demand for its products.
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Ester Industries Signs Partnership with Global Technology Leader
Ester Industries has signed a partnership agreement with a leading global technology company to collaborate on the development and implementation of innovative solutions for the manufacturing industry.