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Jindal Poly’s Q1 net tumbles 88%

14 Aug 2012 Evaluate

Jindal Poly Films has reported results for first quarter ended June 30, 2012.

The company has reported a fall of 88.37% in its net profit at Rs 6.55 crore for the quarter under review as compared to a net profit of Rs 56.30 crore for the same quarter in the previous year. The total income from operation of the company has decreased by 4.29% at Rs 610.91 crore for Q1FY13 as compared Rs 638.29 crore for the corresponding quarter previous year.

Jindal Poly Films is a part of Rs 3,000 crore B C Jindal Group, a 50 year old industrial group offering a wide range of products. The company is the largest manufacturer of BOPET and BOPP films in India. It produces BOPET film, BOPP film, metalized BOPET film and BOPP film, coated BOPET and BOPP films, polyester chips (for captive consumption in the BOPET film).

Peers
Company Name CMP
Vardhman Textiles 535.60
Welspun Living 229.45
Arvind 529.00
Raymond Lifestyle 574.15
K.P.R. Mill 1123.35
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