The company states that the Rs 300 crore textile-to-textile recycling project is progressing as per schedule, with commissioning targeted for September 2026
Filatex India, an integrated polyester filament yarn manufacturer, has registered a 16.68 per cent year-on-year (YoY) uptick in its net profit for the third quarter of the current financial year. The company posted a net profit of Rs 55.34 crore in Q3FY26 as compared to Rs 47.43 in Q3FY25.
The financial results of the company revealed that the revenue from operations dipped marginally to Rs 1049.70 crore in Q3FY26 from Rs 1068.69 crore in the corresponding period of the previous financial year. The earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at Rs 93.58 crore, marking a rise of 24.16 per cent on a YoY basis.
“Looking ahead, supportive policy measures, improving market access through recent India-European Union Free Trade Agreement (FTA) and sharp reduction in the United States tariffs, along with Europe’s sustainability-led sourcing shift are creating strong tailwinds for the Indian textile sector. With our scale, integrated manufacturing and early leadership in circular recycling, we believe Filatex is well positioned to benefit from these trends and drive sustainable long-term growth,” stated Madhu Sudhan Bhageria, Chairman and Managing Director, Filatex India.
Sharing updates around project execution, the company said that the Rs 300 crore textile-to-textile recycling project is progressing as per schedule, with commissioning targeted for September 2026. The Rs 235 crore brownfield expansion, adding around 55,000 TPA, supporting product mix improvement, is progressing as per schedule. The Company continued implementation of renewable sourcing from hybrid wind-solar and solar projects, progressing towards its target of increasing renewable power share from around 26 per cent to around 55 per cent, with commissioning targeted for November 2026.
Texfil, a wholly owned subsidiary of Filatex India , signed a memorandum of understanding (MoU) with Indeca Sporting Goods (Decathlon Group) to collaborate on recycled polyester adoption in sports apparel. The company’s net profit for the nine months of the current financial year stood at Rs 143.65 crore, a 54.15 per cent YoY growth.
