New Delhi, 14 August 2024: Jindal Poly Films Ltd. today declared its financial results for the quarter ended June 2024. The company's ability to navigate market headwinds and achieve growth highlights its operational excellence and strategic foresight.
The improvement in EBITDA is driven by the robust 41% revenue growth in its India Packaging Films business during Q1 FY25 compared to the same quarter the previous year. During the quarter, the India Packaging Films business achieved revenue of Rs. 923 crore. This impressive top-line growth was accompanied by a 142% rise in EBITDA. The revenue and EBITDA growth of JPFL Films significantly outpaced the industry average.
Commenting on the company’s performance, Mr. Vinod Kumar Gupta, Chief Executive Officer of JPFL Films, said, “Our results demonstrate JPFL Films' adaptability and strength in navigating complex market conditions. Despite facing headwinds, we have maintained our market position and achieved significant growth.”
Looking ahead, Jindal Poly Films Ltd. remains cautiously optimistic. While recognizing ongoing market challenges, the company is confident in its ability to leverage its strengths and capitalize on emerging opportunities. The management's focus on innovation, cost optimization, and strategic market expansion should drive continued growth and profitability, even as market conditions remain uncertain.
About Jindal Poly Films Ltd-
Jindal Poly Films is the largest manufacturer of BOPET and BOPP films in India. It also produces Polyester chips (for captive consumption in the BOPET film). From being only a polyester yarn producer in 1985, JPFL diversified in 1996 into BOPET film production. In 2003, JPFL commenced production of BOPP film and metallised film. JPFL's capabilities were strengthened by the acquisition in November 2003 of Rexor S.A.S, in France, which produces metallised and coated films as well as tear tape, stamping foil, security thread and other high-value products.
The manufacturing plant at Nasik, Maharashtra is the world's largest facility for the production of BOPET and BOPP films. The Company employs the latest technology from German Companies like Dornier, Bruckner and Kampf. It has a presence in 95% of the world markets through its distribution network across 40 countries.
About BC Jindal Group-
The B.C. Jindal Group of Companies, one of India's leading business conglomerates, the B.C. Jindal Group is engaged in a diverse portfolio of businesses that have achieved rapid growth over the years. The Group was founded in 1952 by Shri B.C. Jindal is a manufacturer of Steel Pipes and Pipe Fittings. Since then, the group has diversified into the manufacture of Concentric Diversification of Packaging Films, Power generation, Cold Rolled Steel Strips, Galvanized Sheets, etc.
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