Uflex Q4 profit up 32% to Rs 350.6 cr, revenue rises 50.8%

Uflex is a multinational flexible packaging materials and solution company

AgenciesUpdated: Saturday, May 28, 2022, 09:44 PM IST
article-image
The company had posted a net profit of Rs 264.95 crore during the January-March quarter a year ago, Uflex said in a regulatory filing. / Representative Image |

Packaging materials and solution company Uflex Ltd on Saturday reported a 32.32 percent growth in its consolidated net profit to Rs 350.59 crore for the fourth quarter ended on March 31, 2022.

The company had posted a net profit of Rs 264.95 crore during the January-March quarter a year ago, Uflex said in a regulatory filing.

Its revenue from operation was up 50.83 percent to Rs 3,867.75 crore during the quarter under review as against Rs 2,564.17 crore in the corresponding period of the previous fiscal.

Uflex’s total expenses were at Rs 3,457.39 crore, up 54.66 percent in Q4/FY 2021-22, as against Rs 2,235.47 crore.

Its revenue from ''Flexible Packaging Activities'' was up 53.28 percent to Rs 3,790.30 crore as against Rs 2,472.67 crore.

However, engineering activities were down 9.68 percent to Rs 92 crore as against Rs 101.87 crore of Q4 FY 2020-21.

Commenting on the results, Uflex Group CFO Rajesh Bhatia said: ''Our performance in the quarter is reflective of our determined approach to match the fast-paced consumption environment with enhanced production volumes. Across all fronts – be it production/sales volumes, Revenue, EBITDA and PAT, new highs have been achieved in Q4 as well as in full FY 21-22.'' For the fiscal year ended March 2022, Uflex's revenue from operation was up 47.68 per cent at Rs 13,127.14 crore. It had reported revenue from operation of Rs 8,888.90 crore in the previous fiscal.

Uflex is India’s largest multinational flexible packaging materials and solution company and a leading global player in polymer sciences.

It has packaging film manufacturing facilities in India, the UAE, Mexico, Egypt, the US, Poland, Russia, Nigeria and Hungary.

(With PTI inputs)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Maharashtra: SC hearing on plea filed by rebel MLAs begins

Maharashtra: SC hearing on plea filed by rebel MLAs begins

ED questions Jacqueline Fernandez in conman Sukesh Chandrashekhar case

ED questions Jacqueline Fernandez in conman Sukesh Chandrashekhar case

Sidhu Moosewala murder: Lawrence Bishnoi's father tells SC he's 'not getting legal assistance'

Sidhu Moosewala murder: Lawrence Bishnoi's father tells SC he's 'not getting legal assistance'

Mumbai: Latest Updates - Week-old flyover in Borivali starts crumbling

Mumbai: Latest Updates - Week-old flyover in Borivali starts crumbling

India skipper Rohit Sharma can be relieved as captain from T20s, says Virender Sehwag

India skipper Rohit Sharma can be relieved as captain from T20s, says Virender Sehwag