Jindal Poly Films Ltd. — Interim / Quarterly Report 2022

Aug 14, 2021

JINDAL POLY FILMS LTD. �4�

Plot No.-12, Sector-8-1, Local Shopping Complex, Vas ant Kunj, New Delhi-110070 (INDIA) Phone: 011-26139256 (1 0 Lines) Fax :(91-11)26125739 Web. : www.jindalgroup com

JPFL/DE-PT/SE/2021-22

August 14, 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, MUMBAI - 400 001 Scrip Code: BSE: 500227

Re: ISIN: INE197D01010

Sub: Out Come of the Board Meeting held on August 14, 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. August 14, 2021, has inter-alia considered and approved the Unaudited Standalone and Consolidated Financial Statements and Limited Review Reports thereon for the first Quarter ended June 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 11:15 a.m. and concluded at 13.00 p.m

Kindly bring it to the notice of all concerned.

Yours Sincerely,

==> picture [83 x 79] intentionally omitted <==

For Jindal Poly Films Limited

� - , v--v--- Sanjeev Kumar Company Secretary M No. ACS: 18087 Encl.: A/a

Regd. Office : 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 ended June 30, 2021

								Rs. in	lakhs except EPS
					lrt		Quarter ended		Year ended
S.No.	Particulars				June 30, 2021 (Unudited)		March 31, 2021 (Audited) (refer note 5)	June 30, 2020 (Unaudited)	March 31, 2021 (Audited) (refer note 5)
1	Income
	Revenue from operations					1,33,468	1,14,864	76,429	4,07,481
	0 Llll'r income Tota I Income				1-	4,558 ,38,026	5,110 1,19,974	1,888 78,317	13,550 4,21,031
2	Expenses
	Costof materials consumed					86,876	78,335	37,186	2,32,168
	Pur hase of stock-in-trade					-	-	.	1
	Ch0n)jCS in inventories of finished goods, work-in-progress and stock­ in-trnde					(7,078)	(a.239)	3,322	(,1.0-18}
	Emplo •cc benefits expense Finance costs				I	,947 2,550	3,291 (2,610)	2,426 2,629	11,330 5,721
	Depreciation and amortisation expense					3,665	3,541	3,384	14,215
	Ot!1cr expenses					17,948	17,290	12,244	58,177
	Total Expenses					1,06,908	91,608	61,191	3,17,564
3	l'rQflt before exceptional items and lax					31,117	28,366	17,126	1,03,467
4	Exceptional items gain/(loss)					-	-	-	-
5	l'r.ofit / (Loss) before tax					31,117	28,366	17,126	1,03,467
6	·ra expense charge/ (credit)
	!Currenttax					7,742	6,185	4,722	25,574
	Cu1Tcnt tax adjustment relating to earlier years					.	531	.	(92 ,)
	Deferred tax					95	(1,124)	(195)	260
	Total tax					7,837	5,592	4,527	24,909
7	INet Profit/(Loss) for the period					23,280	22,774	12,599	78,558
8	Other comprehensive income
	Items that will not be reclassified to	profit or loss		(net of tax
	thereon)
	- Remeasurements of post employment	benefit obligations				27	53		109
9	Total comprehensive income for the Profil/(Loss) and other comprehensive income)		period	(Compri ing		23,308	22,827	12,599	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
	Earnings/(Loss) per equity share of Rs.10/- Each (Not annualised)
12
	llasic and Diluted Earnings per share					53,17	52 01	28.77	179,40

Reportable Operating Segment Informations

S.No.	Pariculars				Quarter Ended		Year Ended
				June 30, 2021 (Unudited)	March 31, 2021 (Audited) (refer note 5)	June 30, 2020 (Unaudited)	March 31, 2021 (Audited) ( efer note SJ
1	S�gmcnt Revenue
	Packaging (i)ms Nonwoven fabrics Revenue from operations		�	1,14,910 18,558 1,33,468	1,00,381 14,483 1,14,864	63,037 13,392 76,429	3,46,516 60,965 4,07,481
2	Segmenl Results
	Packaging films			26,427	20,735	13,170	80,931
	Nonwoven fabrics		I	5,919	3,804	6,951	25,746
3	Other unallocable income/ (expenses) (net) Profit before finance costs and tax Less : Finance costs Profit before tax Segment Assets Packaging films Nonwoven fabrics Unallocable assets	1 !' . Iii		1,321 33,667 2,550 31,117 3,28,272 82,637 1,21,105	1,218 25,756 (2,610) 28,366 2,93,534 82,599 95,718	(366) 19,755 2,629 17,126 3,03,373 82,398 52,687	2,511 1,09,188 5,721 1,03,467 2,93,534 82,599 95,718
4	Total Assets Segment Liabilities Packaging films		j 1	5,32,014 96,323	4,71,851 87,686	4,38,458 70,198	4,71,851 87,686
	Nonwoven fabrics			14,876	16,558	13,857	16,558
	Unallocable liabilities Total Liabilities		1,39,306 2,50,505		1,09,198 2,13,442	1,61,623 2,45,679	1,09,198 2,13,442

Notes:

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

• 2 The Standalone Financial Results and Segments were reviewed by the Audit Committee and taken on record at ilie meeting of the Board of Directors at their respective meetings held on August 14, 2021 and limited review of these results has been carried out b)' the Statutory Auditors of the Company.

• 3 COVID - 19 pandemic has caused serious disruption on the global economic and business environment. There is a huge uncertainty with regard to its impact which cannot be reasonably determined at this stage. However, the Company has evaluated and considered to the extent possible the likely inlpact iliat may arise from COVID-19 pandemic as well as all event and circumstances upto the date of approval of these Financial results on the carrying value of its assets and liabilities as on June 30, 2021. Based on ilie current indicators of future economic conditions, the Company estimates to recover the carrying amount of iliese assets and adequate liquidity is available. 111ese estimates are subject to uncertainty and may be affected by U1e severity and duration of Ule pandemic. TI1e Company is continuously monitoring any material changes in future economic conditions.

• •I During the quarter under review, Jindal India Thermal Power Limited (herein after referred as "JITPL") (a group company) entered into the requisite definitive agreement(s) in respect of Resolution Plan/ One time Settlement wiili its lender(s) and is in Ule process of implementation, In view of this, Uw Company is required to assess the impact on its previous Investments in "Jindal India Powertech Limited" holding company of ]!TPL of Rs. 65,065 48 Lakhs written off in books of accounts in earlier period. Hence accordingly, on U1e recommendation of the Audit Committee, Board has appointed Valuer to assess the overall impact in respect of earlier investments based on future financial viability of JJTPL. TI,c valuation process has been initialed and the financial impact thereof, if any, will be accounted for in the quarter and six months ending September 2021.

• 5 The figures for U1e quarter ended March 31, 2021 are the balancing figures between audited figures for the full financial figures and published year to date figures for the nine months,

• 6 The figures for the previous periods have been regrouped / rearranged, wherever considered necessary, to confirm current period classifications.

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

Place: New Delhi Date: August 14, 2021

By Order of the Board For Jindal Poly Films Limited

SANJEEV SAXENA Digitally signed by SANJEEV SAXENA DN: c=IN, st=Maharashtra, 2.5.4.20=46573f274b767cff47d59e9865fb0a14e934b54e3eeafaa3c47805bb85d757ad, postalCode=422403, street=GM BLOCK-C/2 28 KM STONE NASHIK IGATPURI ROAD NASHIK MUNDHEGAON, pseudonym=13daac02871c78e39454383ea2cc0606, serialNumber=c32aea36376921b0b0d5473cd9ea2ca0ea365939dde4bb12e2430ed74a9b6487, o=Personal, cn=SANJEEV SAXENA Date: 2021.08.14 13:16:57 +05'30'

Sanjeev Saxena Whole Time Director DIN - 07899506

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 ended June 30, 2021

					Rs. in	lakhs eicept EPS
			Quarter ended			Year ended
S.No.	Particulars	June 30, 2021 (Unaudited)	March 31, 2021 (Audited) (refer noteS)	June 30, 2020 (Unaudited)		March 31, 2021 (Audited) (refer notes)
1	lncome					j
	Revenue from operations	1,34,105	1,15,094		77,125	4,08,228
	Other income	4,641	5,366		2,268	14,336
	Total Income	1�746	1,20,460		79,393	4,22,564
2	Expenses
	Cost of materials consumed	86,920	78,021		37,534	2,32,054
	I urclmsc of stock-in-trade	.	(0)		.	1
	01,1ngcs in inventories of finished goods, work-in-progress and st<lck­ in-trade	(6,584)	(7,985)		3,281	(4,076)
	Employee benefits expense	3,000	3,387		2,493	11,626
	Finance costs	2,598	(2,600)		2,671	5,850
	Depreciation and amortisation expense	3,733	3,609		3,452	14,488
	Other expenses	18,06?	17,311		12,365	58,576
	Total Expenses	1,07,736	91,743		61,796	3,18,519
3	Profit before exceptional items and tax	31,010	28,717		17,597	1,04,045
4	Exceptional items gain/ (loss)	-	-		-
5	Profit(Loss) before tax	31,010	28,717		17,597	1,04,045
6	Taexpense charge/ (credit)
	ICurrenltax	7,742	6,202		4,722	25,590
	Currenttax adjustment relating to earlier years	-	531		-	(926)
	Deferred tax	76	(1,064)		(164)	292
	Total tax	7,818	5,669		4,558	24,956
7	Net Profif(Loss) for the period	23,192	23,048		13,039	79,089
8	Other comprehensive income
	Items that will may be reclassified to profit or loss (net of tax
	thereon)
	-Exchange differences on translating the Financial Statements of foreign opera lions	2	(14)			(11)
	Items thatwillnot be reclassified to profit or loss (net of tax thereon)
	- Remeasurements of post employment benefit obligations	27	54		-	110
9	Tot-l comprehensive income for the period (Comprising Profit / (Loss) and other comprehensive income)	23,221	23,088		13,039	79,188
10	Profit/ (Loss) for the period attributable to:
	Owners of the parent	23,192	23,048		13,039	79,088
	Non Controlling Interests				-	-
11	Other comprehensive income for the period attributable to:
	Owners of the parent	29	40		-	99
	Non Controlling Interests				-	-
12	Total comprehensive income for the period attributable to:
	Owners of the parent	23,221	23,088		13,039	79,187
	Non Controlling Interests				-	-
13	Other equity (excluding revaluation reserve)
14	Paid up equity share capital (Face Value Rs. 10/- each)	4,379	4,379		4,379	4,379
15	Earnings/(Loss) per equity share of Rs.10/- Each (Not annualised)
	llfosic and Diluted Earings/(Loss) [>er Share	52.97	52.64		29.78	180.62

Reportable Consolidated Operating Segment Informations

S.No.	Particulars						Quarter ended		Year ended
						T
					June 30, 2021 (Unaudited)		March 31, 2021 (Audited) (refer note 5)	June 30, 2020 (Unaudited)	March 31, 2021 (Audited) (refer note 5)
				�	�	-
1 2	Segment Revenue Packaging films Nonwoven fabrics Revenue From Operations Segment Results*	, ■			�	1,15,547 18,558 1,34,105	1,00,612 14,483 1,15,094	63,733 13,392 77,125	� 3,47,263 60,965 4,08,228
	Packaging films					26,346	21,131	13,294	81,257
	Nonwoven fabrics					5,919	3,804	6,951	25,746
	Other unallocable income/(expenses) (net)					1,342	1,183	23	2,892
	Profil(Loss) before finance costs and tax					33,607	26,117	20,268	1,09,895
3	Less : Finance costs Profil(Loss) before tax Segment Assets			2,598 31,010			(2,600) 28,717	2,671 17,597	5,850 1,04,045
	Packaging films Nonwoven fabrics	1		1		3,34,25f 82,637	3,00,771 82,599	3, 11,201 82,398	3,00,771 82,599
	Unallocable assets					1,22,851	98,398	53,971	98,398
4	Total Assets Segment Liabilities			I		5,39,742	4,81,768	4,47,570	4,81,768
	Packaging films					96,934	88,547	73,390	88,547
	Nonwoven fabrics			I		14,876	16,558	13,857	16,558
	Unallocable liabilities			I		1,40,655	1,12,484	1,61,866	1,12,484
	1 otal Liabilities					2,52,465	2,17,589	2,49,113	2,17,589
		'"

• including exceptional Items gain/ (loss)

Notes:

• 1 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 August 14, 2021 and limited of these results has been carried out by the Statutory Auditors of the Company.

• 3 COVID - 19 pandemic has caused serious disruption on the global economic and business environment. There is a huge uncertainty with regard to its impact which cannot be reasonably determined at this stage. However, 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 the date of approval of these Consolidated Financial results on the carrying value of its assets and liabilities as on June 30, 2021. Based on the current indicators of future economic conditions, the Company estimates to recover the carrying amount of these assets and adequate liquidity is available. These estimates arc 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.

• 4 During the quarter under review, Jindal India TI1ermal Power Limited (herein after referred as "JITPL") (a group company) entered into the requisite definitive agreement(s) in respect of Resolution Plan/ One time Settlement with its lender(s) and is in the process of implementation. In view of this, the Company is required to assess the impact on its previous Investments in "Jindal India Powertech Limited" holding company of JITPL of Rs. 65,065.48 Lakhs written off in books of accounts in earlier period. Hence accordingly, on the recommendation of the Audit Committee, Board has appointed Valuer to assess the overall impact in respect of earlier investments based on future financial viability of JITPL. The valuation process has been initiated and the financial impact thereof, if, any will be accounted for in the quarter and six months ending September 2021.

• 5 The figures for the quarter ended March 31, 2021 are the balancing figures between audited figures for the full financial figures and published year to date figures for the nine months.

• 6 The figures for the previous periods have been regrouped / rearranged, wherever considered necessary, to confirm current period classifications.

• 7 The Consolidated results of the Group are available for investors at

By Order of the Board

Place: New Delhi Dale: August 14, 2021

For Jindal Poly Films Limited

Digitally signed by SANJEEV SAXENA DN: c=IN, st=Maharashtra, 2.5.4.20=46573f274b767cff47d59e9865fb0a14e934b54e3eeafaa3c47805bb85d757ad, postalCode=422403, street=GM BLOCK-C/2 28 KM STONE NASHIK IGATPURI ROAD NASHIK MUNDHEGAON, pseudonym=13daac02871c78e39454383ea2cc0606, serialNumber=c32aea36376921b0b0d5473cd9ea2ca0ea365939dde4bb12e2430ed74a9b6487, o=Personal, cn=SANJEEV SAXENA Date: 2021.08.14 13:18:02 +05'30'

SANJEEV SAXENA

Sanjeev Saxena Whole Time Director DIN - 07899506