- Net sales increased by 75% to Rs. 687.34 cr.
- PAT increased by 359% to Rs. 179.74 cr.
India’s largest manufacturer of BOPET & BOPP films, Jindal Poly films, today reported its quarterly profit & revenue numbers with a 75% rise in revenue and a massive 359 % jump in the net profit for the quarter ended September 30th, 2010
While the company saw its net profit touching Rs 180 crores for 2nd Quarter, which is a Rs. 140.58 crores rise over the corresponding period last year, its net sales increased by nearly 75 per cent to Rs 687.34 crores in the reporting quarter.
The Director - Marketing, Mr. Samir Banerjee, commenting on the performance said, “We are seeing a strong demand environment across our industry verticals. Due to this we have gained substantially over the past few months which have helped us increase our margin.
Owing to a rise in demand for flexible packaging BOPET film prices have shown a 130% rise from Rs. 98/kg in April 2010 to Rs. 225/kg at present.
Mr. Samir Banerjee further added, “This is mainly seen due to an increase in usage in back up films for solar power cells, touch screen panels of mobile phones & flat screen in LCD & LEDs including other innovative objects that use BOPET films for installation”.
About Jindal Poly Films Ltd
Jindal Poly Films Limited (JPFL) is engaged in the manufacturing of Polyester (PET) and Polypropylene (OPP) films. JPFL is India’s largest producer of PET and OPP films. It also has India’s largest Metallising capacity.
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The company has the most modern, wide width and high productivity equipment to manufacture flexible packaging films.
Jindal Poly Films Limited is a part of INR 35 billion B.C. Jindal group, more than 50 year old industrial group offering a wide range of products. The group is involved in diverse activities including manufacturing of Polyester Film, Polypropylene film, Steel pipes, Photographic products and has recently forayed in the power business.