20% Increase in the net profit of Uflex ltd. in the FY 2015-16
Uflex ltd. is a leading packaging innovation entity globally acknowledged for its quality standards of excellence in the packaging industry. It is emerging as the largest fully integrated flexible packaging solution provider covering a wide range of clients in various industries across the globe. Uflex ltd. has established benchmarks of success and innovation catering to the ever increasing demand for flexible packaging solutions all over the world. It has expanded its area of operations providing innovative packaging solutions for all solids, semi solids, pastes, gels, viscous fluids, powders and granular materials. The proximity to customers and innovation for creating differentiation are the hallmarks of the company. The persistent research & development along with technological expertise has provided Uflex ltd. a great advantage over the competitors.
Uflex Ltd. has achieved 20% growth in the net profit for Q2 FY 2015-16. The net profit has increased from Rs. 65 crores last year to Rs. 78 crores this year. The company has recorded total revenue of Rs. 1535 crores for the quarter period ending on 30th September 2015. It was Rs. 1655 crores in the last financial year during the same period. There has been 19% growth in the net profit rate of the first half of the financial year 2015-16. It has increased from Rs. 129 crores to Rs. 154 crores this year. It is another benchmark of success and innovation in flexible packaging industry establish by Uflex Ltd. In the financial period from 1st April 2015 to 30th September 2015, Uflex ltd consolidated total revenue of Rs. 3140 crores which was Rs. 3201 crore during the same period in the financial year 2014-15.The company will complete its range of product offerings with the new Aseptic Packaging Plant for packing liquid products that will go operational in the first half of 2017 at Sanand – Gujarat.
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