Uflex Net Revenue Up by 18.5% for FY2018-19

 

Stick pack machine

27 May 2019, Noida, U.P (India): Uflex Ltd, India’s largest multinational Flexible Packaging Company, today has announced its earnings for the Quarter ended March 31, 2019 and Financial Year 2018-19.

The consolidated net revenue for Q4FY18-19 rose to INR 2060.6cr as compared to INR 1818.8cr in the corresponding quarter last fiscal; while the company registered EBITDA growth of 13.4% at INR 260.1cr in Q4FY18-19.

For full year 2018-19, the consolidated net revenue grew 18.5% to INR 7974.8cr and EBITDA increased by 11.6% to INR 1007.5cr. The full year consolidated PAT was marginally up by 1.07% at INR 313.8cr.

In FY2018-19, the Films Business achieved highest ever production of 316923 MT. The improved financial performance has resulted in CRISIL assigning higher credit rating of ‘A’ to long-term debt of the company.

The board has recommended a dividend payout of 20%, subject to shareholders’ approval.

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