Jindal Poly Films posts Q1 FY’24-25 results
Jindal Poly Films 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.
15 Aug 2024 | By Anhata Rooprai
The company is confident in its ability to leverage its strengths and capitalise on emerging opportunities
The company continues to grow amidst challenging market dynamics. The improvement in EBITDA is driven by 41% revenue growth in its India packaging films business during Q1 FY25 compared to the same quarter the previous year. During the quarter, the Indian packaging films business achieved revenue of Rs 923 crore. This top-line growth was accompanied by a 142% rise in EBITDA. The revenue and EBITDA growth of JPFL Films outpaced the industry average.
Commenting on the company’s performance, 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 remains cautiously optimistic. While recognising ongoing market challenges, 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 should drive continued growth and profitability, even as market conditions remain uncertain.