Uflex reports Rs 78 crore net profit for Q2 FY 2015-16

Uflex is listed on the BSE and NSE.

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 1 April 2015 up to 30 September 2015 stands at Rs 3,140 crore vis-à-vis Rs 3,201 crore for the corresponding period in the last financial year.

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%.

Ashok Chaturvedi, chairman and managing director, Uflex Group, said, “Uflex has its roots in India and is proud to further the government’s ‘Make in India’ mission. 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.”

Chaturvedi added that the fact that Uflex has become ‘a part of your daily life’ it is the gratification of sorts. “We will continue to delight our customers with the most innovative flexible packaging solutions to the best of their advantage. The year ahead looks promising and the company expects to scale greater heights,” he said.

Headquartered in Noida, Uflex is the largest fully integrated Indian flexible packaging solution provider to a range of clients across industries both in India and overseas. It enjoys a formidable market presence in more than 140 countries. Established in 1983, the company today has state-of-the-art packaging facilities at multiple locations in India with installed capacity of over 99,000 tpa.