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Jindal Poly Films Ltd. Results Watch January Quarter, FY11
• Net Sales went up by 88.40% to Rs 729.04 crore in Q3FY11, against Rs 386.98 crore during the corresponding
quarter in FY10. For 9MFY11 the figure reported a growth of 70.80% at Rs 1972.00 crore as against Rs
1154.84 crore in 9MFY10.
• Adj.PAT for the quarter went up by 657.90% to Rs 220.41 crore, against Rs 29.08 crore during the
corresponding quarter in FY10. This figure stood at Rs 480.75 crore for 9MFY11 as against Rs 134.06 crore in
9MFY10 showing a growth of 258.60%
1) Exports during the quarter increased by 226% to Rs 231.74 cr.
2) For Q3, the sales of BOPET films was Rs 432 cr in value and in volume terms 32500 tonne. The sales of
BOPP in value was Rs 295 crore and in volume term was 30000 tonne. For 9 months the sales of BOPET
films was Rs 1175 cr in value and 82000 tonne in volume. The sales of BOPP in volume term was 8400
tonne.
3) Selling price of BOPP was in the range of Rs 110 – 150 kg and that of BOPET was Rs 200 Kg.
BOPET price is expected to remain at current level for time being while BOPP may see some rise in
price to Rs 130 – 135 kg
4) The capacity utilization of BOPP is 100% and BOPET is at 90-95%. A little dip was registered in
October and November month. It is going for doubling of its capacity in next 2 years at the capex of
Rs 1600 crore which will be funded through debt and internal accrual. The capacity of BOPET will
increase from current 127000 tonne to 217000 tonne, BOPP from 180000 tonne to 312000 tonne and
metalised BOPP to 123000 tonne.
5) The company has been awarded a coal block in Mozambique. The exploration of this block has to be
completed in the next two-three years time and the coal block is likely to have a coal reserve of about
150 million tonne, including coking coal and thermal coal. It will spend $ 7 – 8 million in next 2
years for exploring the mine.
6) It has also entered the power sector. In November 2010, it invested Rs 660 crore in equity shares of
group company Jindal India Powertech Ltd (JIPL), which is the holding company of Jindal India
Thermal Power Ltd (JITPL), a special purpose vehicle (SPV) for the group's power activity.
Brief Company Profile
Jindal Poly Films Limited belongs to the B.C. Jindal Group and has been in Polyester business since 1984. Jindal
Poly Films is among the larger players in the flexible packaging segment. It manufactures PET, BOPP and
metallised films. Its products are used in labels, adhesive tapes, food packaging and wrapping for tobacco,
consumer and textile products. The company has a network of agents and distributors present round the globe
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Jindal Poly Films Ltd. Results Watch January Quarter, FY11
• Net Sales went up by 88.40% to Rs 729.04 crore in Q3FY11, against Rs 386.98 crore during the corresponding
quarter in FY10. For 9MFY11 the figure reported a growth of 70.80% at Rs 1972.00 crore as against Rs
1154.84 crore in 9MFY10.
• Adj.PAT for the quarter went up by 657.90% to Rs 220.41 crore, against Rs 29.08 crore during the
corresponding quarter in FY10. This figure stood at Rs 480.75 crore for 9MFY11 as against Rs 134.06 crore in
9MFY10 showing a growth of 258.60%
1) Exports during the quarter increased by 226% to Rs 231.74 cr.
2) For Q3, the sales of BOPET films was Rs 432 cr in value and in volume terms 32500 tonne. The sales of
BOPP in value was Rs 295 crore and in volume term was 30000 tonne. For 9 months the sales of BOPET
films was Rs 1175 cr in value and 82000 tonne in volume. The sales of BOPP in volume term was 8400
tonne.
3) Selling price of BOPP was in the range of Rs 110 – 150 kg and that of BOPET was Rs 200 Kg.
BOPET price is expected to remain at current level for time being while BOPP may see some rise in
price to Rs 130 – 135 kg
4) The capacity utilization of BOPP is 100% and BOPET is at 90-95%. A little dip was registered in
October and November month. It is going for doubling of its capacity in next 2 years at the capex of
Rs 1600 crore which will be funded through debt and internal accrual. The capacity of BOPET will
increase from current 127000 tonne to 217000 tonne, BOPP from 180000 tonne to 312000 tonne and
metalised BOPP to 123000 tonne.
5) The company has been awarded a coal block in Mozambique. The exploration of this block has to be
completed in the next two-three years time and the coal block is likely to have a coal reserve of about
150 million tonne, including coking coal and thermal coal. It will spend $ 7 – 8 million in next 2
years for exploring the mine.
6) It has also entered the power sector. In November 2010, it invested Rs 660 crore in equity shares of
group company Jindal India Powertech Ltd (JIPL), which is the holding company of Jindal India
Thermal Power Ltd (JITPL), a special purpose vehicle (SPV) for the group's power activity.
Brief Company Profile
Jindal Poly Films Limited belongs to the B.C. Jindal Group and has been in Polyester business since 1984. Jindal
Poly Films is among the larger players in the flexible packaging segment. It manufactures PET, BOPP and
metallised films. Its products are used in labels, adhesive tapes, food packaging and wrapping for tobacco,
consumer and textile products. The company has a network of agents and distributors present round the globe
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