Jindal Poly Net Profit Zooms 129% In Q4

Jindal Poly Net Profit Zooms 129% In Q4Jindal Poly Films announced the results for the three month period ended March 31, 2011.

The company registered an increase of 61.46% in its revenue for the quarter ended on March 2011.

It also recorded 129.31% jump in the net profit for the quarter under review.

Going forward with its notable performance record, the company's net profit for the fourth quarter stood at Rs 106.31 crore as compared to Rs 46.36 crore during the same period last year.

For the full year ended March 2011, Jindal Poly Films registered an increase of 183.44% in its net profit to Rs 590.63 crore as compared to the previous year net profit of Rs 208.38 crore.

In net sales, the company recorded a rise of 67.77% to Rs 2,669.27 crore for the fiscal year 2010-11 as against the last financial year of Rs 1,590.99 crore.

In the same way, the export revenues of the country's biggest maker of BOPP & PET films grew by 133.81% to Rs 745.33 crore as against Rs 318.77 crore in FY2009-10.

Jindal Poly Films Limited (JPFL) is involves in the fabrication of Polyester (PET) and Polypropylene (OPP) films since the year 1984.

JPFL is one the lowest cost makers of BOPP and BOPET films around the world.

JPFL has set up the most contemporary, wide width high productivity equipment to deliver top-notch products to the European and US markets.