- The Consolidated Net Sales at Rs 1704 Crore
- Consolidated PAT rose to Rs 204 Crore from Rs.105 crore, up by 95%
- EPS at Rs.83.91, registered a growth of 223%
- Dividend announcement of 100% for the financial year 2009-10
- Announced a bonus share ratio of 1:1 to its existing shareholders
Jindal Poly Films Ltd, the largest producer of flexible packaging films in India, announced in its Board Meeting held on 3rd September, 2010, its audited results for the financial year 2009-10.
The Company has shown excellent results, according to which the consolidated Net Sales is up at Rs.1,704 crore and the reported Profit After Tax of Rs.204 crore, which is up by 95% as compared to the audited figures of the previous fiscal.
Considering its good performance and healthy bottom-line, the company has announced a dividend of 100% for the financial year 2009-10 and a bonus in the ratio of 1:1 to reward its shareholders.
Commenting on the results, the Director Marketing, Jindal Poly Films Ltd said, “We foresee tremendous growth in the flexible packaging sector as well as in our company’s growth in the next few years. There is a strong demand growth experienced in BOPET Film segment driven by high growth in the electronic segment, acceptance in BOPET films in the solar power generation and continuing high growth in flexible packaging mainly in FMCG products. We expect higher profit margins & better return on investments.”
About Jindal Poly Films Ltd:
Jindal Poly Films Limited (JPFL), a listed company, is engaged in the manufacturing of Polyester (BOPET) and Polypropylene (BOPP) films. Jindal Poly is the largest producer of BOPET and BOPP films in India. They entered the metalizing business in 2003 and also has India’s largest Metalizing capacity.
Jindal Poly has the world’s single largest location plant for its products. It has a highly skilled and efficient work force coupled with access to technology for metalizing and coating through its French subsidiary Rexor S.A.S.
Jindal Poly Films Limited is a part of INR 32 billion B.C.Jindal group, a 50 year old industrial group offering a complete range of flexible packaging film products. The group has promoted a number of companies over the years and is involved in diverse activities including manufacturing of Polyester Film, Polypropylene film, Steel Pipes and Photographic Products and has recently forayed into the power sector.
