JBF Industries Limited, a leading manufacturer of Polyester Chips and Polyester Yarn announced its results for the quarter ending June 30, 2007. In Q1 FY 07-08, JBF registered Net turnover of Rs 494.38 crores as against Rs 287.63 crores in corresponding quarter previous year .An increase of 71.88 % .The net profit in the same period increased from Rs 16.54 crores to Rs 26.47 crores for the Q1 FY-07-08.

As against the previous quarter net profit increased by 44.72% . As against the previous quarter there was increase of 4% in net turnover

EBIDTA for the quarter is Rs 60.72 crores as compared to same quarter previous year of Rs 34.97 crores, an increase of 73.63 %. The EBIDTA for the previous quarter (Q4- 2006-2007) was Rs 52.17 crores.

Basic EPS ( not annualized ) for the first quarter of 2007- 2008 was Rs 4.87 compared to Rs 3.35 for the previous quarter. YoY growth was 3.39 %

In the quarter ended June 2007, the profit before tax was Rs 39.29 crores as against Rs 22.08 crores in the same period in the previous year. An increase of 77.94%. The PBT increased by 22.17% as against the previous quarter .

Exports for the quarter ended June 2007 was Rs 68.18 crores as against Rs 29.23 crores in the same period for the year 2006-2007.An increase of 133.25%

The POY capacity was 1,50, 000 TPA. The plant was running at almost full capacity throughout the quarter. The company's Polyester Chips capacity was 3,36,000 TPA for manufacture of Polyester. The plant was running at almost full capacity throughout the quarter.

International:

The Company has began production at its RAK plant, a USD 90 million plant in Emirates, 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. The new facility started its first production in July 2007.