Press Release Result
  Financial Results 2005- 2006
  JBF Industries Limited today announced its financial performance for the fiscal year ended March 31, 2006. Q4FY2006 Financial Performance Review (January – March 2006 vs. January – March 2005)
  • Net sales at Rs. 176.09 crore compared to Rs.196.82 crore. The company operated at over 95% capacity through the year. The topline decrease is mainly as the year for reduction in prices of Raw Materials & reduction in duties as well as a corresponding reduction in final product prices.
  • Earnings Before Interest, Depreciation, Tax and Amortisation (EBIDTA) at Rs.21.70 crore compared to Rs.28.82 crore
  • Profit before Tax (PBT) at Rs. 13.06 crore compared to Rs16.92 crore
  • Profit after Tax (PAT) at Rs. 13.71 crore compared with Rs 12.80 crore
  • Basic EPS (for the period) is Rs 3.14* compared to Rs.4.11*
  • Diluted EPS (for the period) is Rs 2.70* compared to Rs.4.11*
    *Not annualised
FY2006 Financial Performance Review (April – March 2006 vs. April – March 2005)
  • Net sales stood at Rs722.34 crore as against Rs 738.37 crore
  • EBIDTA stood at Rs. 93.69 crore compared to Rs.92.93 crore
  • Profit before Tax (PBT) at Rs. 59.97 crore compared with Rs50.53 crore
  • Profit after Tax (PAT) at Rs. 42.92 crore compared with Rs 29.43 crore
  • Basic EPS (for the period) : Rs.9.84 compared to Rs.9.43 per share
  • Diluted EPS (for the period) : Rs.8.25 compared to Rs.9.43 per share
DIVIDEND

The Board of Directors of the Company at their meeting held today, declared an annual dividend of 20 % i.e. Rs 2/- per equity share.

Sales including excise (Rupees in Crores)


  FY 2004-05 FY 2005-06 Q4 2004-05 Q4 2005-06
POY 498 431 121 Q4 2005-06
Chips 352 379 101 98
Others 43 29 12 5
Total 893 839 234 202

Financial management

  • Total debt stood at Rs 426.68 crore (including Rs. 153.97 crore of FCCB) as on March 31, 2006 compared with Rs. 155.93 crore as on March 31, 2005.
  • Net interest outgo for the year amounted to Rs 10.95 crore compared to Rs. 18.25 crore in the previous year.
Expansions in 2005-06

The Company commenced commercial production of its plant at Sarigam. JBF Industries Limited to be world’s largest manufacturer of polyester chips. The plant with a capacity of manufacturing 2, 16,000 TPA (Tonnes per annum) of polyester chips. With this JBF Industries is the world’s largest polyester chip manufacturing company. Located at Sarigam, Gujarat the plant built with an investment of over Rs 170 crores manufactures textile grade polyester chips. The new plant is expected to add and incremental revenue of Rs.800 crores by FY07 to the company’s existing revenue. The expansion was funded by Rs 70 crores Equity and Rs 100 crores Debt/Internal Accruals. Polyester chips has an existing demand of 2, 64,000 Tonnes per annum which is presently being imported. This demand is expected to rise with the growth of the textile and related industries.

Expansions underway to be completed by 2007
  • POY Expansion
The company is expanding its capacity in Silvassa with new additional facility of 90,000 TPA of POY at Silvassa. The new facility is expected to be commissioned by September 2006

International:

The Company has gone global with a USD 90 million plant in Emirates in a joint venture with RAKIA (Ras Al Khaimah Investment Authority) for setting up a world scale Polyester PET resin packaging in the Emirate of Ras Al Khaimah. The plant, a world class manufacturing facility with a capacity of 900t/day polymerization with a production of 600t/day of SSP chips, and 300t/day Polyester Film will address the three large markets of USA, EU and CHINA. This is the first plant of this size set up by an Indian company in the Emirates.