Home / Knowledge / News / Textiles / Sales zoom while net profit slides at JBF Inds in Q2 FY'14
Sales zoom while net profit slides at JBF Inds in Q2 FY'14
03
Dec '13
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. 
 
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.
 
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.   
 
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. 
 
Consequently, the net profit margin has reduced from 2.63% to 0.44% during second quarter of FY 14.
 
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. 
 
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. 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search