UFLEX INCOME FOR Q1 FY 2018-19 UP BY 17.5 %, VOLUMES ARE UP TOO!

 
packaging industry in india

India’s largest multinational flexible packaging materials and solution company Uflex Limited has declared the earnings for the Quarter ended 30 June 2018.

The company has been maintaining a sustained growth curve and achieved the Consolidated Income for the quarter ended 30th June 2018 of Rs. 1912 crores as against Rs. 1627 crore for the same period last year, thus registering a growth of 17.5%. The consolidated EBITDA for the quarter ended 30th June, 2018 has been higher at Rs. 255 crore as against Rs. 237 crore for the same period last year up by 7.9%, and as against Rs. 229 crore for the quarter Jan-March 2018, up 11.3%. The profit after tax for the quarter ended 30th June 2018 is also higher at Rs. 94 crore.

Talking about the numbers for the Q1 FY 2018-19, Mr. Rajesh Bhatia, Global CFO, Uflex Limited said, “Buoyed by the highest ever quarterly production & sales volumes, Uflex achieved Revenue growth of 17.5% in Q1 FY 18-19 over Q1 FY 17-18, thus registering highest ever Revenue in a quarter. During Q1 FY 18-19, overall production volumes grew by 11.6% and sales volumes grew by 14.9%.

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