Jindal Poly Films Ltd. today 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.
The improvement in EBITDA is driven by the robust 41% revenue growth in its India Packaging Films business during Q1 FY25 compared to the same quarter the previous year. During the quarter, the India Packaging Films business achieved revenue of Rs. 923 crore. This impressive top-line growth was accompanied by a 142% rise in EBITDA. The revenue and EBITDA growth of JPFL Films significantly outpaced the industry average.
Commenting on the company’s performance, Mr. 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 Ltd. remains cautiously optimistic. While recognizing ongoing market challenges, 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 should drive continued growth and profitability, even as market conditions remain uncertain.