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Jindal Poly Investment's stock skids ~2% after Q3FY22 financial performance

18 Feb 2022 , 04:24 PM

Q3 Results

Jindal Poly Investment & Finance Co Ltd. announced its results for the quarter and nine months ended December 2021 and has reported excellent performance for the quarter with a many-folds increase in its revenue.

Net sales for the quarter ended December 2021 stood at Rs620 crore against Rs0.24 crore in the previous corresponding quarter, registering a substantial growth in the quarter.

Its net profit for the quarter ended December 2021 was Rs17.15 crore against Rs2.88 crore in the December 2020 quarter, up by 695.67% yoy.

Jindal Poly Investment’s EBITDA was Rs132.17 crore in the December 2021 quarter against Rs6.76 crore in the quarter ended December 2020, registering a growth of 1855.18% yoy.

Jindal Poly Investment managed to improve its EPS at Rs8.61 in the December 2021 quarter against Rs2.74 in the previous corresponding quarter.

Jindal Poly Films ended at Rs315, down by Rs7.60 or 2.36% against its previous closing price of Rs322.60. It touched an intraday high and low of Rs335 and Rs313.45 respectively.

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