Jindal Poly Films posts Q1 FY 24-25 results

Jindal Poly Films has declared its financial results for the quarter ended June 2024. The improvement in EBITDA is backed by growth in its India packaging films business showing a robust revenue growth of 41 percent in quarter 1 of FY 25 over the corresponding quarter in the previous year.  

During the quarter, India packaging films business achieved revenue of 923 cr INR (109.9m USD) This top-line growth was accompanied by a 142 percent rise in EBITDA. The revenue and EBITDA growth of JPFL Films is much higher as compared to industry, the company said. 

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 remains cautiously optimistic. While acknowledging the persistent challenges in the market, 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 is expected to drive continued growth and profitability, even as market conditions remain uncertain,’ the company said.