Filatex India Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Margins

Q3 FY26Q4 FY26 margins expected slightly lower than Q3Active

Management guided that Q4 margins will be slightly lower than Q3 due to Chinese dumping post-BIS removal, but they are trying to mitigate through various measures.

Q4 FY26Steady-State EBITDA Margin Above 10%Tracked

Management expects normalized EBITDA margins to exceed 10% once PTA surplus and demand recovery materialize.

Expansion

Q3 FY26Capacity expansion of 55,000 TPA by September 2026Tracked

The company is increasing capacity by approximately 55,000 tonnes per annum, which should be operational by September 2026, leading to volume improvement in Q3 FY27.

Q3 FY26Recycling plant start by end of September 2026Tracked

The first textile-to-textile recycling plant is on track to start production by end of September 2026, with initial utilization of 50% and full stream within 3-6 months.

Q3 FY26Next recycling plant 5x larger, capex ~₹1,500 CrTracked

Upon success of the first recycling plant, the next plant will be at least five times the capacity, with capex around ₹1,500 crore, funded through internal accruals and debt, possibly equity.

Revenue

Q4 FY26FY27 Revenue Guidance of ~₹4,500 croreTracked

Management expects FY27 revenue of around ₹4,500 crore, factoring in partial contribution from new capex (6 months).

Q4 FY26FY28 Revenue Target of ~₹5,200 croreTracked

For FY28, Filatex targets ~₹4,800 crore from the parent and ~₹400 crore from the recycling subsidiary.

Capex

Q4 FY26Capex Commissioning TimelineActive

All capex projects (brownfield, recycling, steam) to be commissioned by September 2026, with recycling plant starting at 65-70% utilization.