Jindal Poly Films Ltd Share Price – NSE  /  BSE

Textiles, Small Cap

Revenue from operations rose by 11% YoY to Rs 983.76 crore in the third quarter.

On the segmental front, revenue from Packaging films was Rs 787.54 (up 20% YoY), Nonwoven fabrics revenue was Rs 140.44 crore (up 5% YoY) and Other revenue added up to Rs 66.74 crore (down 31% YoY).

Total expenses increased by 6% to Rs 1,159.19 crore in Q3 FY24 over Q3 FY23, due to higher raw material costs (up 8% YoY), higher employee expenses (up 90% YoY) and higher other expenses (up 10% YoY).

Accordingly, the company posted a pre-tax loss of Rs 46.38 crore in Q3 FY24 as against a net loss of Rs 129.22 crore in Q3 FY23.

Jindal Poly Films, part of the B.C. Jindal group, is involved in diverse businesses that include polyester & polypropylene films, power generation, cold rolled steel strips, galvanized sheets, etc.

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Net Loss of Jindal Poly Films reported to Rs 19.41 crore in the quarter ended December 2023 as against net loss of Rs 96.63 crore during the previous quarter ended December 2022. Sales rose 10.95% to Rs 983.76 crore in the quarter ended December 2023 as against Rs 886.65 crore during the previous quarter ended December 2022.

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Jindal Poly Films will hold a meeting of the Board of Directors of the Company on 14 February 2024.

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Net profit of Jindal Poly Films declined 97.49% to Rs 12.18 crore in the quarter ended September 2023 as against Rs 485.46 crore during the previous quarter ended September 2022. Sales declined 26.93% to Rs 1033.54 crore in the quarter ended September 2023 as against Rs 1414.40 crore during the previous quarter ended September 2022.

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