Jindal Poly Films Ltd. — Interim / Quarterly Report 2021

Nov 13, 2021

Plot No. 12, Sector 8-1, Local Shopping Complex, Vasant Kunj, New Delhi - 110070 (INDIA) Phone: 011-40322100 Fax : (91-11) 40322129 Web. : www.jindalgroup.com

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D.

JPFL/OE-PT/SE/2021-22

November 13, 2021

The Manager, Listing National Stock Exchange of India Ltd. Exchange Plaza, Bandra-Kurla Complex Bandra (E) MUMBAI - 400 051 Scrip Code: NSE: JINDALPOL Y)

The Manager Listing BSE Limited. Phiroze Jeejeebhoy Towers, Dalal Street, Fort, MUMBAl-400 001 Scrip Code: BSE: 500227

Re: ISIN : INE197D01010

Sub: Out Come of the Board Meeting held on November 13, 2021

Dear Sir/Madam,

Pursuant to the provisions of the SEBI (LODR) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its Meeting held today i.e. November 13, 2021, has inter-alia considered and approved the Unaudited Standalone and Consolidated Financial Statements and Limited Review Reports thereon for the Second Quarter ended September 30, 2021 (enclosed).

A copy of above is being uploaded in the website of BSE/NSE and Company's website at www.Jindalpolycom.

Further meeting commenced at 15:30 p.m. and concluded at 17: 25 p.m.

Kindly bring it to the notice of all concerned.

Yours Sincerely,

For Jindal Poly Films Limited

� �� Sanjeev Kumar vv/" I (.\ Company Secretary M No. ACS: 18087 Encl.: A/a /40�\S',A

Re[g] d. O[ff] ice : 19th K.M. Hapur Bulandshahr Road, P.O. Gulaothi, Distt. Bulandshahr (U.P.[)] CIN: L17111UP1974PLC003979

JINDAL POLY FILMS LIMITED

CIN :- L17111UP1974PLC003979

Regd. Office: 19th K.M., Hapur Bulandshahr Road, P.O. Gulaothi, Bulandshahr (U.P.) Statement Of Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2021

	Statement Of Unaudited Standalone Fina	nci	al Re	sults for th	e quarter and six	months ended Se	pt	ember 30, 2021
									Rs in Lakhs except EPS
					Quarter ended			Six months ended		Year ended
S.No.	Particulars	30th		Sep 2021	30th June 2021	30th Sep 2020		30th Se11 2021	30th Sep 2020	31st Mar 2021
			(Unaudited)		(Unaudited)	(Unaudited)		(Unaudited)	(Unaudited)	(Audited)
1	Income
	r�c" nue from vpcrations			1,45,319	1,33,468	1,08,791		Q,78,787	1,85,220	4,07,481
	Other income			7,908	4,558	3,021		12,466	4,760	13,550
	Tot.iIncome			1,53,226	1,38,026	1,11,812		2,91,252	1,89,980	4,21,031
2	6xpense
	Cost of m,1tcrials consumed			92,302	86,876	57,444		,79,178	94,630	2,32,168
	l'u rchase or stuck-in-lracte Changes in uwcntorics of fi11ishcd goods, work-in-prog�ss and stock- in-trade			- 773	- (7,078)	1 (174)		(6.'305)	1 3,148	1 (4,048)
	Employee benefits expense Finance costs Depreciation and amortisation expense	If		3,440 (791) 3,778	2,947 2,550 3,665	2,629 1,936 3,582		6,387 1,759 7,443	5,055 4,410 6,966	11,330 5,721 14,215
	Other expenses			17,033	17,948	14,679		4,981	26,929	58,177
	Total Expenses			1,16,536	1,06,908	80,097		2,23,444	1,41,139	3,17,564
3	Profit before exceptional items and tax			36,691	31,117	31,715		67,809	48,841	1,03,467
4	Exceptional items gain/ (loss)			3,547	-	-		3,547	.	.
5	Profit/ (Loss) before tax			40,238	31,117	31,715		71,356	48,841	1,03,467
6	Tax expense charge/ (credit)
	Current tax			8,224	7,742	7,679		15,966	12,401	25,574
	Current tax adjustment relating to earlier years				.	(1,325)		JI	(1,325)	(926)
	Deferred tax Total tax	1-,		6,654 14,879	95 7,837	368 6,722		6,749 22,716	173 11,249	260 24,909
7	Net Profit/(Loss) for the period			25,360	23,280	24,993		48,641	37,592	78,558
8	Other comprehensive income Items that will not be reclassified to profit or loss (net of tax	,� l:J					I
	thereon)
9	- Remeasurements of post employment benefit obligations Total comprehensive income for the period (Comprising Profit/(Loss) and other comprehensive income)	,____ I�		28 25,387	27 23,308	69 25,062		55 48,695	69 37,661	109 78,667
10	Other Equity (excluding revaluation reserve)									2,54,030
11	Paid up equity share capital ( Face Value Rs. 10/- each)			4-;379	4,379	4,379		4,379	4,379	4,379
	Earnings/(Loss) per equity share of Rs.10/- Each
12	(Not annualised)
	Basic and Diluted Earnings/ (Loss) per share			57.92	53.17	57.08		111.08	85.85	179.40

==> picture [74 x 73] intentionally omitted <==

Devinder Kumar Rithaliya

Digitally signed by Devinder Kumar Rithaliya

ON: c=IN, o=Personal,

2.5.4.20=5d361bfeb2f3fcce7667f1382: 9d52dd59e10da6489005cd3bdacab4; a4c1 b, postalCode=l 22017, st=Haryar seriaINumber=2fa3c857fc46d5714974 786e2b61 f5243292e9f2958bc705aa 75 203305db, cn=Devinder Kumar Rithali· Date: 2021.11.13 17:17:44 +05'30'

i

I Reportable Operating Segment Informations

								Rs in Lakhs
S.No.	Pariculars			Quarer Ended		Six months ended		Year Ended
			30th Sep 2021	30th June 2021	30th Sep 2020	30th Sep 2021	30th Sep 2020	31stMar2021
			(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue
	Packaging films		1,33,221	1,14,910	94,489	2,48, Bl	1,57,526	3,46,516
	Nonwoven fabrics		12,098	18,558	14,302	30,656	27,694	60,965
	Revenue from operations		1,45,319	1,33,468	1,08,791	2,78,787	1,85,220	4,07,481
2	Segment Results•
	Packaging films		24,185	26,427	26,211	50,612	39,226	80,931
	Nonwoven fabrics		3,169	5,919	6,462	9,088	13,413	25,746
	Other unallocable income/ (expenses) (net)		8,58	1,321	978	9,869	612	2,511
	Profit(Loss) before finance costs and lax Less : Finance costs		39,448 (791)	33,667 2,550	33,651 1,936	73,116 1,759	53,251 4,410	1,09,188 5,721
	Profit(Loss) before tax		40,238	31,117	31,715	71,356	48,841	1,03,467
3	Segment Assets Packaging films Nonwoven fabrics Unallocable assets Total Assets	, i	3,14,443 88,838 1,26,013 5,29,294	3,28,272 82,637 1,21,105 5,32,014	2,83,448 81,192 52,782 4,17,423	3,14,443 88,838 1,26,013 5,29,294	2,83,448 81,192 52,782 4,17,423	2,93,534 82,599 95,718 4,71,851
4	Segment Liabilities
	Packaging films		1,02,041	96,323	67,829	1,02,041	67,829	87,686
	Nonwoven fabrics		13,813	14,876	15,010	13,813	15,010	16,558
	Unallocable liabilities		1,07,212	1,39,306	1,16,748	1,07,212	1,16,748	1,09,198
	Total Liabilities		2,23,065	2,50,505	1,99,587	2,23,065	1.99,587	2,13,442

• mcludmg exceptional Items gam / (loss)

!Notes;

Financial Results has been prepared in accordance with the Indian Accounting Standards ("Ind AS") prescribed under Section 133 of the Companies Act 2013 read with the relevant rules issued thereunder,

The Standalone Financial Results and Segments were reviewed by the Audit Committee and taken on record at U,e meeting of U1e Board of Directors at their respective meetings 2 held on 13th November 2021 and limited review of these results has been carried out by the Statutory Auditors of the Company.

==> picture [73 x 73] intentionally omitted <==

Devinder Kumar Rithaliya

Digitally signed by Devinder Kumar Rithaliya

DN: c=IN, o=Personal,

2.5.4.20=5d361 bfeb2f3fcce7667fl 3822e9 d52dd59el 0da6489005cd3bdacab423a4 cl b, postalCode=l 22017, st=Haryana, seriaINumber=2fa3c857fc46d571497 4cd 786e2b61 f5243292e9f2958bc705aa 7533 203305db, cn=Devinder Kumar Rithaliya Date: 2021.11.13 17:18:38 +05'30'

z.

3 Statement of Assets, Equity and Liabilities

Assets (1) Non Current Assets (a) Property, plant and equipment (b) Capital workin-progress (c) Right to use of assets (d) Intangible assets (l) Financial assets - Investment - Loans - Other financial assets (g) Other non-current assets Total Non-Current Assets (2) Current Assets (a) Inventories (b) Financial assets - Investents - Trade receivables - Cash and cash equivalents - Bank balances other than cash and cash equivalents - Loans - Other financial assets (c) Current tax assets (net) (d) Other current assets Total Curent Assets	As at 30thSep 2021 (Unaudited) � 2,38,494 6,566 320 218 45,167 42,54' 627 � ,,38 3,39,324 80,360 31,196 17,901 Z,077 ll,667 , 40,98 - 10,987	Rs inLakhs As al 31st March2021 (Audited) 2,42,291 2,463 99 427 14,504 15,360 625 s,no 2,81,540 70,094 30,776 10,032 17,490 12,884 2,582 31,845 4,008 10,600 1,90,310 4,71,851 4,379 2,511,03 2,8,409 56,914 45 20,422 45,851
	1,89,970 5,29,294 . 4,379 3,01,6 : 3,06:228 b 55,84 5 1 27,19 $2,561
Total Assets Equity And Liabilities (1) Equity (a) Equity share capital (b) Other equity TotoJ Equity (2) Non Current Liabilities (a) Financial liabilities - Borrowings - Lease liability (b) Deferred tax liabilities (Net) (c) Other non-current liabilities Total Non-Current Liabilities (3) Current Liabilities (a) Financial liabilities -Borrowigs - Lease liability - Trade Payables (i) Total outstanding dues of micro enterprises and small enterprises; and (ii) Total outstanding dues of creditors other than micro enterprises and small enterprises - Other financial liabilities (b) Other current liabilities (c) Provisions (d) Current Tax Liabilities (Net) Tot�! Curent Liabilities Total Liabilities
	, 1,35,746 . ,I 27,843 78 8 31,334 4,661 22,466 791 139 1,23,232 16,340 61 368 26,390 18,839 28,212	1,23,232
	s,,319I 5,29,294 90,2' 4,71,851

==> picture [77 x 74] intentionally omitted <==

Devinder Kumar RithAli\/A

Digitally signed by Devinder Kumar Rithaliya

ON: c=IN, o=Personal,

2.S.4.20=Sd361 bfeb2f3fcce7667fl 3822e 52dd59e 1 Oda648900Scd3bdacab423a4, postalCode= 122017, st=Haryana, serial Nu mber=2fa3c85 7fc46d5 71497 4cc 6e2b61 f5243292e9f2958bc70Saa75332C O'irlh rn=f)PvinrlPr K11mar Rithaliva

4 Standalone Statement of Cash Flow ,.

Particulars A. !Cash inflow/(outflow) from operating activities N l profit before tax Adjusln11mls for: Deplccintion and amortisation Amortisation of deferred Governent grant Net loss on disposal/ discard of propert, plant and equipment Net loss/ (gain) on sale of investment in mutual fnd units translations Finance costs Interest income Unrealised gain on fair valuation of delivatives Dividendincome Operating Profit before Working Capital Changes Adjustments for: (Increase)/ decrease in trade and other receivables (Inreasc)/ decrease in inventories (lncrcas ) / decrease in trade and other payables Cash generated from Operations Direct tax paid (net of refund received) Net cash generated (used in) from Operating Activities B.Cash Inflow/(Outflow) From Investing Activities Purchase of propert, plant & equipments and intangible assets S1lcs proceeds of property, plant & equipments /mount received for capital subsidy l'urclms • of investments in mutual fund units Sale of investments (redemption of mutual fund units) lnv<tmcnts made Movement in fixed deposits Interest received Diviclcmlreceived Loan given Loan received back Net Cash generated (used in) investing activities C.Cash Inflow/(Outflow) From Financing Activities Proeeds from non current borrowings Rcpaymci�t. of non current borrowings l'rocccds / (repayments) of current Borrowings (Net) I ividcnd paid (including dividend tax) Payment of lease obligation Finance cost paid Net Cash generated (used in) From Financing Activities Net Increase/(Decrease) In Cash And Cash Equivalents (A+ B+C) Opening Balance of Cash and Cash Equivalents !Closing Balance of Cash and Cash Equivalents �l'itiurcsin bracketrepresentoutflows.	I '. , ~~-~~ I Rs in Lakhs For the pedod ended For the period ended 30th Sep 2021 (Unaudited) 30th Sep 2020 (Unaudited) 71,356.22 48,840.72 7;143;1) 6,966.06 (1,345.24) (1,350.38) (9,84) . ('1,013.91) (268.32) (1,281.36) 656.82 1,759.41 2,676.83 1,955.73) (698.60) (636.11) . (331.12) . 69,985.46 56,823.13 (11,807.00) 4,752.00 (10,266.@ (951.95) (4J2.26) (5,750.00) 47,479,35 54,873.18 (11,81'.76) (9,627.72) 35,659.59 45,245.46 (7,134.93) (9,018.00) 29.86 - 4,188.20 (79,296.03) (48,000.00) 82,890.17 60,367.61 (30,662.42) 0.00 ll,217,62 (14,610.22) 2,342.13 577.33 331.12 . (27,183$) (3,500.00) 2,581.89 2.84 (40,696.37) (14,180.44) 5,0021 (5,434.79) (30,790.86) (3,176.46) {14,342.26) 45.90 2,59 (1,812.96) (3,182.67) (5,375.45) (48,313.20) (10,412.22) {17,248.17) 17,489.61 24,715 39 7,077.39 7,467.21	I '. , ~~-~~ I Rs in Lakhs For the pedod ended For the period ended 30th Sep 2021 (Unaudited) 30th Sep 2020 (Unaudited) 71,356.22 48,840.72 7;143;1) 6,966.06 (1,345.24) (1,350.38) (9,84) . ('1,013.91) (268.32) (1,281.36) 656.82 1,759.41 2,676.83 1,955.73) (698.60) (636.11) . (331.12) . 69,985.46 56,823.13 (11,807.00) 4,752.00 (10,266.@ (951.95) (4J2.26) (5,750.00) 47,479,35 54,873.18 (11,81'.76) (9,627.72) 35,659.59 45,245.46 (7,134.93) (9,018.00) 29.86 - 4,188.20 (79,296.03) (48,000.00) 82,890.17 60,367.61 (30,662.42) 0.00 ll,217,62 (14,610.22) 2,342.13 577.33 331.12 . (27,183$) (3,500.00) 2,581.89 2.84 (40,696.37) (14,180.44) 5,0021 (5,434.79) (30,790.86) (3,176.46) {14,342.26) 45.90 2,59 (1,812.96) (3,182.67) (5,375.45) (48,313.20) (10,412.22) {17,248.17) 17,489.61 24,715 39 7,077.39 7,467.21
		7,467.21

• 5 Exceptional items represent net fair value gain arises on 0% Optionally Convertible Preference Shares and 0% Redeemable Preference Shares of Jindal India Power tech Ltd. ()IPL) which had been written off in earlier year and on 9% Redeemable Preference shares of Jindal India Powertech Ltd subscribed during ihe current quarter. The fair valuation is done by the independent registered valuer appointed by the Board of Directors.

6 C:OVlD . 19 pandemic has caused set ious disruption on the global economic and business environment. There is a uncertainty with regard to its impact which cannot be reasonably determined at U1is stage However, the Company has evaluaied and considered to the extent possible U1e likely impact U1at may arise from COVID-19 pandemic as well as all event and circumstances upto U1e dale of approval of these Financial results on U1e carrying value of its assets and liabilities as on Sep temper 30, 2021. Based on the current indicators of future economic conditions, the Company estimates to recover U1e carrying amount of these assets and adequate liquidity is available TI1ese estimates are subject to uncertainty and may be affected by the severity and duration of the pandemic The Company is continuously monitoring any material changes in future economic conditions.

• 7 The figures for the previous periods have been regrouped/ rearranged, wherever considered necessa1 y, to confirm CUI rent period classifications.

• 8 The results of the Company are available for investors at www.jindalpoly.com, www.nseindia com and www bscindia.com

Place: New Delhi

Date: 13 November 2021

==> picture [79 x 76] intentionally omitted <==

a.com
	By Order of the Board
For	Jindal Poly Films Limited
Devinder Kumar Rithaliya	��'''�':"::�,�'""'' ,,�•· """'�· ,..r. . . , •.. 11.- :�':::.:� ' ��:;;::�;:.�,e,�::;:lb�>"1<1/,M r,,.I
Devinder Kumar Rithaliya
	Whole Time Director
	DIN ·01417408

Cha11ered /\cco11niunls

==> picture [147 x 32] intentionally omitted <==

Unit No 1704, 17th Floor, Tower B. World Trade Tower, ONO Flyway, C-01, Sector 16, Noida-201301, Delhi-NCR (India) I Ph:(0120) 2970005 Mob 9205575996 E-mail : newdelhi@singhico.com I Website : w .singhico.com

Independent Auditor's Review Report on Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2021 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, as amended

To the Board of Directors of Jindal Poly Films Limited

1. We have reviewed the accompanying statement of standalone unaudited financial results ("the Statement") of Jindal Poly Films Limited ('the Company") for the quarter and half year ended September 30, 2021. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the statement based on our review.

2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial results are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less. assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results read with notes therein, prepared in all material respects in accordance with the applicable accounting standards and other recognized accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Naida (Delhi - NCR) Date: November 13, 2021

For Singhi & Co. Chartered Accountants Firm Registration No. 302049E

==> picture [72 x 73] intentionally omitted <==

✓ ./ t:f:J Bimal Kumar Sipani Partner Membership No. 088926 UDIN: 21088926AAAAQD5727

5

==> picture [70 x 10] intentionally omitted <==

Pc1ge 1 of 1

LIO· f ,IN/\1

*l(lll<AI/*

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JINDAL POLY FILMS LIMITED CIN :- L17111UP1974PLC003979

Regd. Office: 19th K.M., Hapur Bulandshahr Road, P.O. Gulaothi, Bulandshahr (U.P.)

Statement Of Unaudited Consolidated Financial Results for the quarter and six month ended September 30, 2021

									Rs in Lakhs except EPS	Rs in Lakhs except EPS
					Quarter ended			Six months ended		Year ended
S.No.	Particulars		30th	Sep 2021	30th June 2021	30th Sep 2020	30th	Sep 2021	30th Sep 2020	31stMar2021
			(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)		(Unaudited)	(Audited)
1	Income
	Rc\'t!nu · from operations !Otherincome			,45,Mg 7,914	1,34,105 4,641	1,09,123 3,101		2,79,24� 12,as6	1,86,248 5,220	4,08,228 14,336
	Tot, I Income			1,53,557	1,38,746	**1,12,224 **		2,92,304	1,91,468	4,22,564
2	[ixpcnscs Costof materials consumed		�	2,409	86,920	57,541		1,79,330	95,075	2,32,054
	l'LLrch,1•of stockintrade				-	1		-	1	1
	ICh•ng in inventories of finished goods, work-in-progress andstok in-trade			790	(6,584)	152		(5,79-1)	3,433	(4,076)
	Employee benefits expense Finance costs Depreciation and amortisation expense 0th rexpenses		J l'	3,456 9LJ 3,846 17,0Sg	3,000 2,598 3,733 18,069	2,700 1,975 3,651 14,923		6,456 1,807 7,580 35,152	5,193 4,491 7,103 27,294	11,626 5,850 14,488 58,576
	'1'011 Expenses			1,16,794	1,07,736	**80,943 **		2,24,530	1,42,590	3,18,519
3	Profit before exceptional items and tax			36,764	31,010	31,281		67,77t	48,878	1,0,045
4 5	Exo,ptf1 1,tlitems gain/ (loss) l'r1fil/(Loss) before lax		I	:547 40,311	- 31,010	- 31,281		3 547 71,321	- 48,878	- 1,0,05
6	'rax expense charge/ (credit)
	Current tax ICum:nt lax adjustment relating to earlier years			8,225 (13)	7,742	7,678 (1,32)		15,966 (13)	12,400 (1,32)	25,590 (926)
	Deferred tax			6,069	76	291		6,745	127	292
7	Total lax Net Profil(Loss) for the period		,i	14,880 25,43i	7,818 23,192	6,645 24,636		22,698 48,623	11,203 37,675	24,956 79,089
8	Olher comprehensive income 11cm, that will may be reclassifiedto profit or loss (net of lax						�	1;
	lhcrcun)
	-Exchange differences on translating the financial Statements loroirn operations	o(		(193)	2	3	-	(19tj	3	(11)
	Items that will not be reclassified to profit or loss (netof tax
	thereon)
	- Remeasurements of post employment benefit obligations			27	27	69		55	69	110
	- Bargain purchase gain			-		-
9 10	Tot,1I comprehensive income for the period (Comprising Profit/ (Loss) and other comprehensive income) Profll / (Loss) for the period attributable to: 1; Owners of the parent Non Controlling Interests 1-			25,265 I 25,43�	23,221 23,192	24,708 24,636 -	-	48,487 8,623	37,747 37,675 -	79,188 79,086 -
11	Other comprehensive income for the period attributable lo:
	Owners of the parent			(l6C)	29	72		(l:6	72	99
	Non Controlling Interests			-	-	-			-	-
12	Total comprehensive income for the period attributable lo:
	Owners of the parent			25,265	23,221	24,708		48,487	37,747	79,187
	Non Controlling Interests			.	-	.		.	-	-
13	Other equity (excluding revaluation reserve)									2,59,801
14	Paidupequity share capital(FaceValue Rs. 10/- each)			4,379	4,379	4,379		4,379	4,379	4,379
15	Earnings(Loss) per equity share of Rs.10/- Each (Not annualised)
	IIJsit' and Diluted Earnings/ (Loss) Per Share			58.08	52.97	56.26		111.05	86.04	180.62

Digitally signed by Devinder Kumar Rithaliya ON: c=IN, o=Personal,

Fi Devinder lll)� Q. < New Delhi 3 co Kumar -0 ::;: '" 12) ·'l\ B:--i q * Rithaliya

2.5.4.20=5d361bfeb2f3fcce7667f138: e9d52dd59e10da6489005cd3bdacat 23a4cl b, postalCode=l 22017, st=Haryana,

seriaINumber=2fa3c857fc46d571497 d786e2b61 f5243292e9f2958bc705aa 533203305db, cn=Devinder Kumar Rithaliya

Date: 2021.11.13 17:20:15 +05'30'

Reportable Consolidated Operating Segment Informations

								Rs in Lakhs
S.No.	Particulars			Quarter ended		Six months ended		Year ended
		30lh	Sep 2021	30th June 2021	30th Sep 2020	30th Sep 2021	30thSep 2020	31st Mar 2021
		(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Segment Revenue
	Packaging films Non woven fabrics Revenue From Operations	I	1,33,545 12,098 1,45,643	1,15,547 18,558 1,34,105	94,820 14,302 1,09,123	2,49,092 30,656 2,79,748	1,58,553 27,694 1,86,248	3,47,263 60,965 4,08,228
2	Segment Results
	Packaging films		27,803	26,346	25,811	54,149	38,950	81,257
	Nonwoven fabrics		3,168	5,919	6,462	9,088	13,413	25,746
	Other unallocable income/ (expenses) (net)		8,549	1,342	983	9,891	1,006	2,892
	ProfiV(Loss) before finance costs and lax Lss: Finance costs	�	39,520 (79!l)	33,607 2,598	33,256 1,975	73,128 1,807	53,369 4,491	1,09,895 5,850
	ProflV(Loss) beforelax		40,311	31,010	31,281	71,321	48,878	1,0,045
3	Segment Assets
	Packaging films		3,20,328	3,34,254	2,93,579	3,20/328	2,93,579	3,oo,m
	Nonwoven fabrics		88,838	82,637	81,192	88,838	81,192	82,599
	Unallocable assets Total Assets	I	1,27,911 5,37,078	1,22,851 5,39,742	51,921 4,26,692	1,27,913 5,37,078	51,921 4,26,692	98,398 4,81,768
4	Segment Liabilities
	Packaging films		98r40	96,934	71,547	s·0	71,547	88,547
	Nonwoven fabrics		13,813	14,876	15,010	13,813	15,010	16,558
	Unallocable liabilities		,13,252	1,40,655	1,16,963.	1,13,252	1,16,963	1,12,484
	Total Liabilities		2,25,204	2,52,465	2,03,521	2,25,20	2,03,521	2,17,589

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Digitally signed by Devinder Kumar Rithaliya

Devinde r Kumar Rithaliya

DN: c=IN, o=Personal,

2.S.4.20=5d361 bfeb2f3fcce 7667f 3822e9d52dd59e10da648900Scd 3bdacab423a4c1 b,

postalCode=l 22017, st=Haryana, seriaINumber=2fa3c857fc46d571 974cd786e2b61 f5243292e9f2958 bc70Saa753320330Sdb,

cn=Devinder Kumar Rithaliya Date: 2021.11.13 17:20:42 +05'30'

==> picture [27 x 32] intentionally omitted <==

Notes:

Consolidated Financial Results has been prepared in accordance with the Indian Accounting Standards ("Ind AS") prescribed under section 133 of the Companies Act 2013 read with the relevant rules issued thereunder,

• 2 The Consolidated Financial Results and Segments were reviewed by the Audit Committee and taken on record at the meeting of the Board of Directors at their respective meetings held on 13th November 2021 and limited review of these results has been carried out by the Statutory Auditors of the Company

• 3 Statement of Assets, Equity and Liabilities

				Rs in Lakhs
			As at	As at
		30th Sep 2021		31st March 2021
	Particular	(Unaudited)		(Audited)
Assets (I) Non Current Assets (a)Property, plant and equipment (b) Capital work-in-progress		?	2,42,128 6,566	2,46,062 2,463
(c) Right to use of assets			218	99
(d) Intangible assets			320	427
(e) Intangible assets under development
(c) Financial assets				15,982
- [nvestments			46,639	15,360
- Loan			42,544
- Other financial assets			62Z	625
(J) Other non-current assets Total Non-C1rent Assets		- .	5; ',4,431	5,7/0 2,86,789
		-
(2)Current Assets
(a)Inventories (b) Financial assets - Investments		I	8 ,151 31,545	71,412 32,027
- Trade receivables			18,083	10,364
- Cash and cash equivalents			7,458	18,539
- Bank balances other than cash and cash equivalents 1 -Loans			l,667.	12,884 2,582
Other financial assets			40,781	31,845
(c) Current lax assets (net) (d) Other current assets Total Current Assets		�	\8 11.885 .1,92,647	4,076 1.,251 1,94,979
Total Assets		f.	5,37,078	',81,768
		I
Equity And Liabilities
(1) Equity (a)Equity share capital (b) Other equity		L	,379 **3,07,49$ **	4,379 2,59,801
TotalEquity		�	3,11,873	2,61,179
		I
(2)Non Current Liabilities
(a) Financial liabilities		I
- Borrowings			5,843	56,914
- Lease liability			15	45
(b) Provisions			17	24
(c) Deferred tax liabilities (net) (d) Other non-current liabilities Toti Non-Current Liabilities (3) Current Liabilities		- "	2',479 52,51 1,Ju,053	20,716 ,15,851 1,23,59
(a)Financial liabilities
-Borrowings			28,9lt	19,331
- Lease liability			78	61
- Trade Payables
(i) Total outstanding dues of micro enterprises and small cntrrprlws;and			8	368
(ii) Total outstanding dues of creditors other than micro enterprises dndsmall enterprises			31,611	26,772
-Other financial liabilities			4,736	18,942
(I.) Other current liabilities			22,877	28,565
(c)Provisions			791
{d)Current Tax Liablities (net)			140
Total Current Liabilities			89,152	94,00
Total Liabilities			5,37,078	4,81,768

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Devinder Kumar Rithaliya

Digitally signed by Devinder Kumar Rithaliya

DN: c=IN, o=Personal,

2.5.4.20=5d361bfeb2f3fcce7667f13822e9 d52dd59e10da6489005cd3bdacab423a4 cl b, postalCode=l 22017, st=Haryana, serialNum ber=2fa3c85 7fc46d5714974cd 786e2b61 f5243292e9f2958bc70Saa7533 203305db, cn=Devinder Kumar Rithaliya

Date: 2021.11.13 17:21:01 +05'30' 2

4 Consolidated Statement of Cash Flow**

Particulars A. Cash inflow/(outflow) from operating activities Net profit before tax Adjustments for: Deprecialion and amorlisation Amortisation of deferred government grant Net loss / (gain) on disposal/ discard of property, plant and equipment Gain on sale of investment in mutual fund units (net) Unrealised gain on foreign currency transactions and translations (considered as finance cost) Gain on foreign currency trcnsactions and translations (net) Finance costs Interest income Dividend Received on Investment in Mutual Fund Units Profit on sale of non current investment Unrealised gain on falr valuation of derivatives Fair value adjustments on financial assets (net) Operating profit before working capital changes Adjustment for (Increase)/ decrease in trade and other receivables (Increase)/ decrease in inventories lncrease/(decrease) in trade and other payables Cash generated from operations Less: Direct tax paid (net of refund received) Net cash generated from operating activities B. Cash lnflow/(Outflow) from investing activities Purchase of property, plant and equipments and intangible assets Sales proceeds of properly, plant and equipments Amount received for capital subsidy Purchase of investments in mutual fund units Sale of investments (redemption of mutual fund units) Dividend Received Proceeds from sale of non-current investment Movement in fixed deposits lntcrcst received Loan given to Other parties Loan realised back from re la led pa• ties Net cash used in investing activities C.Cash lnflow/(Outflow) from financing activities Proceeds from non current borrowings Repayments of non current borrowings Proceeds / (repayments) of current Borrowings (Net) Dividend paid (Including dividend distribution tax) Payment of lease obligation Finance cost paid Net cash (used)/ generated from financing activities Net increase in cash and cash equivalents (A+B+C) Opening Balance of Cash and Cash Equivalents Less: Balcmce transferred pursuant to Scheme of Arrangement Closing balance of cash and cash equivaJenls	For the period e ( 71,321.16 7,579.54 (2,3'5.24) (9.84) (4,036.12) �1,574.60) l,806.6l (1,955.73) (331.1-) (314.31) (17.23) 70,123.14 (2,961.47) (9,739.41) (,043.16) 54,379.10 (11,954.63) (19,373.77) .730.81 4,188.20 (79,296.03) 53,156.48 331.12 11,217.29 1,654.20 (24,602.09) 5,002 86 (9,888.89) 8,53488 (56.71) (2,481.09)	For the period e ( 71,321.16 7,579.54 (2,3'5.24) (9.84) (4,036.12) �1,574.60) l,806.6l (1,955.73) (331.1-) (314.31) (17.23) 70,123.14 (2,961.47) (9,739.41) (,043.16) 54,379.10 (11,954.63) (19,373.77) .730.81 4,188.20 (79,296.03) 53,156.48 331.12 11,217.29 1,654.20 (24,602.09) 5,002 86 (9,888.89) 8,53488 (56.71) (2,481.09)	nded 42,424

** Figures in bracket represent outflows

Exceptional items represent net fair value gain arises on 0% Optionally Convertible Preference Shares and 0% Redeemable Preference Shares of Jindal India Powertech Ltd. UIPL) which had been written off in earlier year and on 9% Redeemable Preference shares of Jindal India Powertech Ltd. subscribed during the current quarter by the Jindal Poly Films 3 Ltd. (holding company). The fair valuation is done by the independent registered valuer appointed by the Board of Directors of the company

• 4 Du, ing the quarter, company has subscribed 100% equity share capital of Jindal India Solar Energy Ltd. which become wholly owned subsidiary of the Company

COVID - 19 pandemic has caused serious disruplion on the global economic and business environment. There is a uncertainty with regdrd to its impact which cannot be reasonably dete,mined at this stage. l lowever, the Company has evaluated and considered to the extent possible the likely impact that may arise from COVID-19 pandemic as well as all event and circumstances upto lhe date of approval of these financial resulls on the carrying value of its assets and liclbililies as on Scptemper 30, 2021 Based on the current indicalors of future economic conditions, lhe Company estimates lo recovc1· the ccHrying amount of these c1ssets r1nd adcquc1tc liquidity is avc1ilablc, These estimates a.re subject to uncerldinly and may be affected by the severily a.nd duration or lhe pandemic. The Company is continuously monitoring any matcric1l chdnges in future economic conditions.

• 6 'fhc figu1cs for the previous periods have bC'en regrouped/ re,irrangcd, whereve1 considered nccessr1ry, to confirm current period cla.ssificcltions.

• 7 'lhc resulls of the Company circ dVclildble fo1 investors at www.jindalpoly.rom, www.nseinJ.ia com ,md www.bseindia.com

Place: New Delhi

Dale: 13 Noven1ber 2021

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By Order of the Board For Jindal Poly Films Limiled

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Devinder Kumar Rithaliya

Devinder Kumar RithaliyJ

.\'hole Time Director DIN - 01417408

Cl1ariomcl Accuunlants

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Unit No.1704, 17th Floor. Tower B. World Trade Tower. ONO Flyway, C-01, Sector 16, Noida-201301, Delhi-NCR (India) I Ph:(0120) 2970005 Mob 9205575996 E-mail : newdelhi@singhico.com I Website : w .singhico.com

Independent Auditor's Review Report on Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2021 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, as amended

To Board of Directors of Jindal Poly Films Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Jindal Poly Films Limited ('the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") for the quarter and half year ended September 30, 2021, ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the results of the following entities,

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----- Start of picture text -----

� S. No. Name of entity Relationship
1 Jindal Films India Ltd. Subsidiary
2 Jindal Imaging Ltd. Subsidiary
3 J and D Specialty Films Private Limited Subsidiary
4 Jindal Packaaina DMCC, UAE Subsidiary
5 Jindal India Solar Energy Ltd. Subsidiary w.e.f.
- 26 August'2021
----- End of picture text -----

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1. Based on our review conducted and procedures performed as stated in paragraph 3 above, based on the consideration of review reports of other auditors referred in paragraph 6 and based on management certified results referred in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement read with notes therein, prepared in accordance with the recognition and m.easurement principles laid down in the aforesaid Indian Accounting Standard (Ind AS) and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. We did not review the interim financial results of one subsidiary included in the consolidated unaudited financial results, whose interim financial results reflect total assets of Rs.12, 031.81 Lakhs as at September 30, 2021 and total revenues of Rs. 1018.27 Lakhs and Rs. 2043.93 Lakhs, total net profit after tax of Rs. 55. 71 Lakhs and Rs. 24.02 Lakhs and total comprehensive income of Rs. 55.71 Lakhs and Rs. 24.02 Lakhs for the quarter and half year ended September 30, 2021 respectively and net cash outflows of Rs. 525.17 Lakhs for the half year ended September 30, 2021 as considered in the consolidated unaudited financial results. These interim financial results were reviewed by other auditor whose report has been furnished to us by the management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above.

3. The consolidated unaudited financial results include the unaudited financial results of four subsidiaries (including one foreign subsidiary) which have not been reviewed by their auditors, whose financial results reflect total assets of Rs. 34.61 Lakhs as at September 30, 2021 and total revenue of Rs. 6.16 Lakhs and Rs. 20.10 Lakhs, total net profit after tax of Rs. 14.45 Lakhs and Rs. 1.30 Lakhs and total comprehensive income of Rs. (178.94) Lakhs and Rs. (190.37) Lakhs for the quarter and half yearly ended September 30, 2021 respectively and net cash outflow of Rs. 142.96 Lakhs for the half year ended September 30, 2021, as considered in the consolidated unaudited financial results. These financial statements were certified by the management of the respective companies. According to the information and explanations given to us by the management, these financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of matters stated in para 6 & 7 above.

Place: Naida (Delhi - NCR) Date: November 13, 2021

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For Singhi & Co. Chartered Accountants Firm Registration No. 302049E

/\ 1 ,/( Bimal Kumar Sipani Partner Membership No. 088926 UDIN: 21088926AAAAOC4173

11.

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