Synopsis:
Jumbo Bag Ltd’s Q2 results show a 6% YoY decline in revenue to ₹31.4 crore, while net profit surged 436% to ₹3.11 crore.
The shares of the Micro-Cap company specializing in the manufacturing of Flexible Intermediate Bulk Containers (FIBCs) for storing and transporting large quantities of bulk materials, jumped by upto 16 percent following their Q2 results with a 436 percent rise in profit YoY.
With a market capitalization of 82.06 Crores on Friday, the shares of Jumbo Bag Ltd jumped by upto 16.3 percent, reaching a high of Rs. 105.00 compared to its previous close of Rs. 90.23.
What Happened
Jumbo Bag Ltd, engaged in the manufacturing of Flexible Intermediate Bulk Containers (FIBCs) for storing and transporting large quantities of bulk materials, has announced its Q2 results as follows:
Its Revenue from operations declined by 6 percent YoY from Rs. 33.4 Crores in Q2FY25 to Rs. 31.4 Crores in Q2FY26, and it rose by 2.6 percent QoQ from Rs. 30.6 Crores in Q1FY26 to Rs. 31.4 Crores in Q2FY26.
Its Net Profit YoY rose by 436 percent from Rs. 0.58 Crores in Q2FY25 to Rs. 3.11 Crores in Q2FY26, in which exceptional items are 1.50 crores, and it rose by 38 percent QoQ from Rs. 2.26 Crores in Q1FY26 to Rs. 3.11Crores in Q2FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 3.71, compared to Rs. 2.70 in the previous quarter.
Other updates
Takeover of Hitech Polymers LLP
The Board has approved the takeover of Hitech Polymers LLP, a Chennai-based FIBC conversion unit, through the purchase of its assets for Rs. 60,00,000, subject to statutory and regulatory approvals and execution of definitive agreements.
Lease of Land at SIPCOT Industrial Park
The Board has also approved leasing 1.454 acres of land at Gummidipudi SIPCOT Industrial Area to establish a new unit, subject to necessary statutory, regulatory, and legal approvals, to facilitate the enhancement of operations and meet market requirements.
Company Overview & Others
Jumbo Bag Ltd (JBL), established in 1990, is a Chennai-based company and part of the BLISS Group, specializing in manufacturing Jumbo Bags/Flexible Intermediate Bulk Containers (FIBCs), serving clients worldwide.
As a pioneer in India’s packaging industry, Jumbo Bag Ltd was the first to design and produce FIBCs in the country. With over three decades of expertise, the company is committed to delivering efficient, cost-effective, and customized packaging solutions, offering a wide range of FIBCs in various sizes and capacities to meet diverse business needs.
Jumbo Bag Ltd manufactures 4.3 million bags per year at its 500,000 sq. ft. production facility. The company operates three manufacturing units and serves customers in 35+ countries worldwide, showcasing its strong global presence and large-scale production capability.
Written by Sridhar J
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