Jindal Poly Films Q2 profit narrows to Rs 77 cr

Packaging material maker Jindal Poly Films today reported a consolidated net profit of Rs 77.1 crore for the September quarter, lower than the Rs 99.9 crore in the year-ago period.
The company's total income from operations remained flat at Rs 1,917.56 crore during the quarter under review, as against Rs 1,905.3 crore during the same period of 2015.
Jindal Poly Films manufactures polyester (PET) and polypropylene (OPP) films used in packaging.
The total expenses of the company rose to Rs 1,822.78 crore in July-September, higher than Rs 1,272.93 crore in the year-ago period, according to a regulatory filing on the exchanges.