Jindal Poly Films LimitedQ1 FY27 Results & Financial Update
Jindal Poly Films Limited: Q1 FY27 consolidated results and company financials – revenue ₹695.80 Cr, PAT ₹107.20 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Jindal Poly Films Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Jindal Poly Films Limited reported consolidated revenue from operations of INR 695.79 crore for the first quarter ended June 30, 2026, accompanied by total consolidated income of INR 845.89 crore which includes INR 150.09 crore of other income.
Profit before tax (PBT) from continuing operations stood at INR 106.60 crore for the quarter, while profit after tax (PAT) for the period reached INR 107.19 crore, reflecting a net tax credit of INR 0.60 crore during the period.
Basic and diluted earnings per share (EPS) for continuing operations were reported at INR 19.99, with total basic and diluted earnings per share including discontinued operations landing at INR 24.48 for the quarter.
The packaging films segment generated revenue of INR 414.95 crore, while the nonwoven fabrics segment contributed INR 190.71 crore and other operating categories added INR 98.48 crore before inter-segment eliminations of INR 8.35 crore.
Segment results demonstrated a divergence in operational profitability, with packaging films recording a segment loss before finance costs and tax of INR 22.26 crore, whereas nonwoven fabrics posted a segment profit of INR 32.80 crore.
Finance costs for the quarter were recorded at INR 30.04 crore, and depreciation and amortization expenses stood at INR 43.02 crore, reflecting ongoing capital servicing requirements across the consolidated group.
Statutory auditors issued a modified (qualified) review report on the consolidated financial results, highlighting ongoing inventory verification constraints and storage limitations at the Nashik manufacturing subsidiary following the major fire incident in May 2025.
01 · Business model
What does Jindal Poly Films do?
Jindal Poly Films Limited is a prominent manufacturer specializing in flexible packaging films, polyester films, BOPP films, and nonwoven fabrics, operating through an extensive network of domestic and international manufacturing subsidiaries and step-down entities.
The company generates its primary revenue streams from the production and sale of packaging films and nonwoven products, serving diverse industrial, commercial, and consumer packaging markets globally.
Its manufacturing footprint encompasses multiple facilities across India, Europe, the United Kingdom, and the Middle East, supported by a diversified portfolio of specialized film products and downstream conversion operations.
The corporate structure includes key operating subsidiaries such as JPFL Films Private Limited, Jindal Films India Limited, Global Nonwovens Limited, and international units under JPF Netherland Investment B.V., alongside strategic equity investments in solar film ventures.
02 · Historical context
What shaped the business before this quarter
On May 21, 2025, a significant fire incident occurred at the manufacturing facility of a subsidiary located in Nashik, Maharashtra, resulting in severe damage to property, plant and equipment, capital work-in-progress, and inventories.
During the previous financial year ended March 31, 2026, the company recorded extensive property and inventory write-offs alongside insurance claim accounting adjustments related to the Nashik facility fire.
In June 2025, the holding company acquired a 48.84% equity stake in Enerlite Solar Films India Limited, converting it from an associate into a consolidated subsidiary.
The board of directors approved the withdrawal of the proposed scheme of arrangement with Global Non Woven Limited on April 10, 2026, citing procedural delays, geopolitical uncertainties, and regulatory processes.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹695.80 Cr |
| Total income | ₹845.89 Cr |
| Profit before tax | ₹106.60 Cr |
| Profit after tax | ₹107.20 Cr |
| EPS | ₹24.48 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Delivered INR 414.95 crore in gross external revenue, representing the largest segment contribution to consolidated operations despite competitive pricing pressures in global polymer markets.
Contributed INR 190.71 crore in external revenue, maintaining stable operational off-take across hygiene and industrial nonwoven applications.
Generated INR 98.48 crore from specialized product lines and self-adhesive labels prior to inter-segment revenue eliminations of INR 8.35 crore.
What drove margins
Cost of materials consumed stood at INR 436.12 crore, while changes in inventories of finished goods and work-in-progress provided a positive inventory adjustment of INR 1.24 crore.
Power and fuel costs for continuing operations totaled INR 69.81 crore, reflecting continuous energy consumption requirements across film extrusion and nonwoven manufacturing lines.
Employee benefits expense was recorded at INR 65.36 crore, while other operational expenses across continuing units totaled INR 114.06 crore.
Finance costs of INR 30.04 crore and depreciation charges of INR 43.02 crore exerted fixed cost pressure on consolidated profitability.
05 · Demand, customers & order book
Where demand is coming from
Demand conditions remained steady across domestic packaging and hygiene markets, though foreign subsidiaries experienced varied regional demand dynamics.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Reported segment revenue of INR 414.95 crore and a segment loss before finance costs and tax of INR 22.26 crore for the quarter.
Reported segment revenue of INR 190.71 crore and a positive segment result of INR 32.80 crore before finance costs and tax.
Achieved segment revenue of INR 98.48 crore and a segment profit of INR 16.54 crore before finance costs and tax.
Geography and market mix
Consolidated results include unreviewed figures from several foreign subsidiaries and step-down entities, including operations in the Netherlands, France, United Kingdom, Italy, and the United Arab Emirates.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Rebuilding work remained ongoing at the Nashik manufacturing facility following the May 2025 fire, leading to continued storage space constraints and mixed storage of usable waste inventories.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Enerlite Solar Films India Limited continued to be consolidated as a subsidiary following its stake acquisition in the preceding financial year.
09 · Reported developments
What changed operationally
The company posted a consolidated net profit after tax of INR 107.19 crore for Q1 FY27, supported by positive segment contributions from nonwoven fabrics and other operating units.
10 · Pressure points & risks
What is not going smoothly
Statutory auditors issued a modified opinion regarding the valuation and physical verification constraints of inventories amounting to INR 271.36 crore at the Nashik subsidiary following the previous year's fire incident.
11 · Items worth noticing
The line items that can distort a quick read
Other income of INR 150.09 crore contributed significantly to total consolidated income during the quarter.
12 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Management determined the carrying amount of inventories at the Nashik subsidiary to be INR 271.36 crore as of June 30, 2026, utilizing third-party physical verification and estimation techniques where mixed storage constraints prevented complete physical counts.
Capital allocation & funding
Consolidated borrowings and financial liabilities were serviced in line with scheduled debt covenants during the quarter.
13 · Beyond the numbers
What changed beyond the numbers
Reported update
Internal Auditor Appointment
The board approved the appointment of Mr. Sanchit Jain as Internal Auditor of the company for the financial year 2026-27.
Reported update
Independent Director Re-appointment
The board approved the re-appointment of Mr. Sanjeev Aggarwal as Non-Executive Independent Director for a second term of four consecutive years effective October 1, 2026.
14 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue shifted from INR 674.63 crore in Q4 FY26 to INR 695.80 crore in Q1 FY27, while total income moved from INR 978.92 crore to INR 845.89 crore.
15 · Key Q&A
The quarter, answered directly
What does Jindal Poly Films do?
Jindal Poly Films Limited is a prominent manufacturer specializing in flexible packaging films, polyester films, BOPP films, and nonwoven fabrics, operating through an extensive network of domestic and international manufacturing subsidiaries and step-down entities.
What is the clearest takeaway from Q1 FY27?
Jindal Poly Films Limited reported consolidated revenue from operations of INR 695.79 crore for the first quarter ended June 30, 2026, accompanied by total consolidated income of INR 845.89 crore which includes INR 150.09 crore of other income.
What drove revenue or demand?
Delivered INR 414.95 crore in gross external revenue, representing the largest segment contribution to consolidated operations despite competitive pricing pressures in global polymer markets.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 436.12 crore, while changes in inventories of finished goods and work-in-progress provided a positive inventory adjustment of INR 1.24 crore.
What changed operationally beyond the headline numbers?
Rebuilding work remained ongoing at the Nashik manufacturing facility following the May 2025 fire, leading to continued storage space constraints and mixed storage of usable waste inventories.
What are the main pressure points disclosed for the quarter?
Statutory auditors issued a modified opinion regarding the valuation and physical verification constraints of inventories amounting to INR 271.36 crore at the Nashik subsidiary following the previous year's fire incident.
16 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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17 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Nashik Plant Restoration: Monitor the completion of rebuilding work and full physical inventory verification at the Nashik subsidiary to resolve ongoing auditor qualifications.
- 02
Segment Profitability: Track margin recovery and operational turnaround in the packaging films segment against raw material price volatility.
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