Uflex Limited's Q2 report
India’s largest flexible packaging company has registered consolidated total revenue of Rs. 1535 crore for the quarter ended 30th September 2015 as against Rs. 1665 crore for the same period during the last financial year. The consolidated net profit for Q2 FY 2015-16 is Rs. 78 crore as against Rs. 65 crore for the same period last year, thus clocking a growth of 20%. The consolidated total revenue from 01st April 2015 up to 30th September 2015 stands at Rs. 3140 crore vis-à-vis Rs. 3201 crore for the corresponding period in the last financial year (i.e. FY 2014-15). The net profit for the first half of FY 2015-16 is Rs. 154 crore against Rs. 129 crore for the corresponding period in the last financial year registering a growth of 19%.
Upon the declaration of results for Q2 at the Board Meeting earlier today, Mr. Ashok Chaturvedi, Chairman and Managing Director of Uflex Group said, “Uflex has its roots in India and is proud to further Government’s mission of, ‘Make in India’. With the new Aseptic Packaging Plant for packing liquid products that will go operational in the first half of 2017 at Sanand – Gujarat, we will complete the entire bouquet of product offering which at present spans across solids, semi solids, pastes, gels, viscous fluids, powders and granular materials. The fact that Uflex has become ‘A part of your daily life’ is gratification of sorts. Thank you for making us what we are today. We will continue to delight you with the most innovative flexible packaging solutions to the best of your advantage. The year ahead looks promising and your Company expects to scale greater heights.”
Uflex has been registering sustained growth on the back of ever increasing demand for flexible packaging solutions world over. Innovation for creating differentiation coupled up with proximity to customers gives the Company a natural advantage over competition. With relentless R&D and technological prowess by its side Uflex has raised the benchmark of excellence in the flexible packaging industry. Uflex already has an impressive customer base which it keeps enhancing over time. The company will be able to hit the ground running soon after the new aseptic packaging plant goes operational early 2017. This would further augment the revenue stream of the company.