Thursday, October 2, 2025
Financial ReportsUflex registers 8% bottom line growth in Q1 FY18

Uflex registers 8% bottom line growth in Q1 FY18

-

Uflex registers 8% bottom line growth in Q1 FY18

-

Uflex Limited has clocked 8% bottom line growth (Y-O-Y) during the quarter ended 30 June 2017. Figuratively the consolidated net profit stands at Rs. 93 crore as compared to Rs. 86 crore during the first quarter of FY 2016-17.

At the operating level, consolidated EBITDA rose by 4% to stand at Rs. 236 crore as against Rs. 228 crore during the same period in the previous fiscal. The consolidated total revenue for the first quarter of the current financial year is Rs. 1,624 crore as against Rs. 1,516 crore in the same quarter last financial year thereby registering a 7% topline growth (Y-O-Y). The total sales volume also grew by 5% as compared to the first quarter of FY 2016-17.

Innovation to create value added differentiation is the cornerstone of Uflex Limited’s business strategy and the company keeps developing and launching newer films and packaging products that contribute to the overall financial growth of the organization.

In an official document released soon after declaring the Q1 Earnings, Ashok Chaturvedi, chairman and managing director, Uflex Limited said, “The Financial Year 2017-18 has started off on an assuring note. Our aseptic liquid packaging material manufacturing plant at Sanand, Gujarat has been commissioned. This has completed our product offering bouquet in its entirety. You will be glad to know that with this your company now stands in a good stead to offer end to end flexible packaging solutions for solids, non-aerated liquids, semisolids, viscous fluids, gels, pastes, granular material, powders among others. This feat will further strengthen your company’s competitive edge in the flexible packaging industry. On the innovation front, we launched several products in the quarter ended 30 June 2017 that continued to add value to the businesses of our esteemed clients globally.”

NewsDesk
NewsDesk
The editorial team of The Packman who handle all the press releases with Sunil Jain working as the desk editor.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Siegwerk, Borouge, and TPN Food Packaging launch recyclable mono-material packaging solution

Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications and labels; Borouge, a...

Sonipat’s Shree Jee Printers invests in new Komori

A complete house of printing, Sonipat (Haryana)-based Shree Jee Printers serves clients considerably in the publishing and packaging segments....

Morris Packaging and UFlex forge strategic partnership to deliver sustainable woven bag series

Morris Packaging and UFlex Packaging have announced a new partnership in the woven bag series that further strengthens their...

PPL Nigeria – an Indian story beyond boundaries

Established in 2011, Perfect Packaging – the brainchild of Yudhviram Solanki, with the distinction of being the first manufacturer...
- Advertisement -spot_img

London Packaging Week partners with Vital Hardware

London Packaging Week has partnered with charity Vital Hardware in its continuing mission to uplift and shine a spotlight...

Indian buyer invests in Wanjie India’s label press at Labelexpo Europe 2025

At Labelexpo Europe 2025 held at Barcelona in Spain, Wanjie India marked a remarkable presence alongside its parent company...

Must read

Tetra Pak awards BillerudKorsnäs for being ahead in fighting climate change

BillerudKorsnäs has been awarded the Climate Prize as part...

Comexi triples sales and strengthens its presence in Italy and the Balkans

In the past two years, Comexi, a specialist in...

You might also likeRELATED
Recommended to you