During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value chain products, has increased 30% to Rs. 1378 Cr as compared to Rs. 1063 Cr a year ago.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
The operating profit has increased 46% from Rs. 88 Cr to Rs.129 Cr on a YoY basis. In the same period, operating profit margin has improved 200 basis points from 8.32% to 10.3%, despite rise in imported raw material prices.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
Net profit has substantially reduced to Rs. 5.49 Cr (Q2 FY14) as against Rs. 27.95 Cr (Q2 FY13) on account of rise in interest cost and foreign exchange and derivative losses.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
On YoY basis, the gross interest cost (including on forex transactions) has increased from Rs. 40 Cr to Rs. 56 Cr while the foreign exchange and derivative losses amount has also increased significantly from Rs. 17.78 Cr to Rs. 64.35 Cr following volatility in currency market.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
Consequently, the net profit margin has reduced from 2.63% to 0.44% during second quarter of FY 14.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
Set up in 1982, JBF Industries Ltd is one of leading players of polyester value chain products in domestic and exports market. It derives the major chunk of revenue from PET chips (60%) and polyester yarns (30%) and rest from BOPET films.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
The company has three manufacturing facilities in India and one in UAE. It is in process of setting up PTA plant at Mangalore, PET plant in Belgium and BOPET plant in Bahrain.
During second quarter of FY 2013-14, gross sales on a standalone basis of JBF Industries Ltd, one of leading Indian players in the polyester value #
Fibre2fashion News Desk - India
marketing@alchempro.com
