Log In

 
Company : UFLEX Limited 
Friday, February 8, 2013 10:45AM IST (5:15AM GMT)
 
(BSE:500148)(NSE:UFLEX)
UFLEX Ltd Q3 FY 2013 Net Revenue Up 15% at Rs. 1295 Crores
New Delhi, Delhi, India

Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest flexible packaging company, has registered a growth of 15% in its consolidated revenue for the quarter ended December 31, 2012 at Rs. 1295 crore as against Rs. 1129 crore for the same period last year. Its consolidated net profit for the Dec. quarter of FY 2013 stood lower at Rs. 36 crore, against Rs. 51 crore for the same period last year.

For the nine months period ended December 31, 2012, UFlex recorded lower net profit of Rs. 149 crore against Rs. 205 crore in the corresponding period last year, while net revenue of the company for the nine months ended Dec. 31, 2012 stood higher by 19% at Rs. 3940 crore compared Rs. 3320 crore in the same period in previous fiscal.

The higher revenue growth is attributed to new capacity expansion globally and increased uptake of innovative flexible packaging solutions offered by the company across sectors. Uflex completed the expansion in Poland successfully during July, 2012 and in Kentucky, USA during January 2013. Collectively the two facilities involved investments of about $ 150 million.

According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, "The market conditions for the plastic film has been unfavourable during the current financial year, causing having downward pressure on prices & margins thereof. However, conditions have started showing some improvement from February, 2013 and there are hopes that it will show up better in the coming time. We are quite confident that FY 2013-14 would witness far better results.

Our three pronged strategy of growth with Innovation, proximity to customers with focus on operational excellence and better quality & quick service and deliveries to customers is the key to our success story that also reflects in the company's top line growth. We will continue with our endeavors to become one of the largest packaging companies in the globe delivering value to our customers with best-in-class products and services; and incremental return on investments to investors."

Uflex's strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.

Expansion Plans

UFLEX's agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points.

The company offers its flexible packaging products and solutions globally to clients including Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, Birla 3M, among others.

About UFLEX Ltd

UFLEX Ltd (www.uflexltd.com) is the Bombay Stock Exchange (UFLEX: 500148) and NSE listed India's largest flexible packaging company with large manufacturing capacities of plastic film and packaging products providing end-to-end solutions to clients across more than 140 countries. It has vast capacities for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and Biaxially Oriented Polypropylene (BOPP) films, Printing & Coating Inks, facilities for Holography, Metalization & PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.

UFLEX offers finished packaging of a wide variety of products such as snack foods, candy and confectionery, sugar, rice & other cereals, beverages, tea & coffee, desert mixes, noodles, wheat flour, soaps and detergents, shampoos & conditioners, vegetable oil, spices, marinates & pastes, cheese & dairy products, frozen food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant nutrients, motor oil and lubricants, automotive and engineering components etc.

 
For News Release background on UFLEX Limited click here
 
Media Contact Details
Neeraj Atri, Mavcomm Consulting Pvt. Ltd., +91 9811714871, neeraj@mavcommgroup.com
T. Anand Mahesh, Mavcomm Consulting Pvt. Ltd., +91 9870716285, anand@mavcommgroup.com
 
 
Submit your press release
More News from UFLEX Limited

04/01/2018 5:40PM Image

Uflex Focusing on Resource Optimized Packaging for Essential Indian Staples

India’s largest multinational flexible packaging materials and Solution Company Uflex in an endeavour to extend the very use of flexible packaging is particularly paying a lot of emphasis on developing resource ...

28/11/2017 4:15PM Image

Chemicals Business of Uflex Becomes India's First NABL Accredited Entity in the Field of Combined Manufacturing of Packaging Inks and Lamination Adhesives

In a big development, Chemicals Business of Uflex Limited has become India’s First NABL accredited entity in the field of combined manufacturing of Packaging Inks and Lamination Adhesives.

21/11/2017 3:46PM Image

Uflex Engineers First Indian Retortable Spouted Stand-up Pouch for Cold Beverages

Uflex engineers first Indian retortable spouted stand-up pouch for cold beverages.

Similar News

21/02/2018 5:25PM

FORME Mobiles to Expand Reach in India to Target 10 percent Market Share by FY19

FORME Mobiles was launched in India in 2009 and experienced 200% y-o-y growth in FY10 and will close FY18 with more than 30% y-o-y growth. FORME Mobiles is backed by FORME Technology, an international company ...

No Image

21/02/2018 3:39PM

Bajaj Finserv Revises Home Loan Interest Rate to 8.30 percent

Bajaj Finserv, through its lending arm, Bajaj Finance Ltd, is offering an interest rate at 8.30% on home Loan and home loan balance transfer for a loan value above Rs. 50 lakh.