Jindal Poly Films Ltd posts Q1 FY’24-25 results; continues to grow amidst challenging market dynamics
Jindal Poly Films Ltd a day before declared its financial results for the quarter ended June 2024. The company's ability to navigate market headwinds and deliver growth highlights its operational excellence and strategic foresight.
The improvement in EBITDA is backed by growth in its India Packaging Films business showing a robust revenue growth of 41% in Quarter 1 of FY 25 over corresponding Quarter in the Previous year. During the Quarter, India Packaging films business achieved revenue of Rs. 923 cr. This impressive top-line growth was accompanied by a 142% rise in EBITDA. The Revenue and EBIDTA growth of JPFL Films is much higher as compared to industry.
Commenting on company’s performance Mr. Vinod Kumar Gupta, Chief Executive Officer, JPFL Films said, "Our results highlight JPFL Films adaptability and strength in navigating complex market conditions. Despite facing headwinds, we have not only maintained our market position but have also achieved significant growth."
Looking ahead, Jindal Poly films Ltd remains cautiously optimistic. While acknowledging the persistent challenges in the market, the company is confident in its ability to leverage its strengths and capitalise on emerging opportunities. The management's focus on innovation, cost optimisation, and strategic market expansion is expected to 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 capabilities were strengthened by 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 latest technology from German Companies like Dornier, Bruckner and Kampf. It has 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, As one of India's leading business conglomerates, the B.C. Jindal Group is engaged in diverse portfolio of businesses which have achieved rapid growth over the years. The Group was founded in 1952 by Shri B.C. Jindal as 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, Galvanised Sheets, etc.
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