Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Uflex Posts a strong performance in Q3 FY2018-19

Posted On: 2019-02-08 21:13:24

Uflex Ltd declared its earnings for the Quarter ended December 31, 2018 and reported consolidated net revenue of INR 1981.1 crore, a jump of 17.7% on Y-o-Y basis. The consolidated EBITDA for Q3 FY18-19 stood at INR 227.7 crore, showing an increase of 13.6% Y-O-Y while the consolidated net profit rose marginally by 3.8% Y-o-Y to 54 crore for Q3 FY19.

Total Production Volume during the quarter was 96876 MT up 4.4% Y-o-Y and Total Sales Volume rose by 3.1% Y-o-Y to 94229 MT.

Talking about the earnings, Rajesh Bhatia, Group CFO at Uflex Limited said, "The performance during this quarter is exceptional against the backdrop of huge volatility in crude oil prices. From a high of $84.94 on Oct 01 2018, the brent crude prices kept on falling consistently to $50.57 on Dec 28 2018, thereby registering a fall of over 40% during thequarter. Such a consistent steep fall often results in de-stocking by the customers to avoid inventory losses and still the overall sales volume increased by 3.1% Y-o-Y. The Aseptic Packaging Business continues to grow and has currently over 40 customers spanning across juice, dairy and alcohol segments and we expect EBITDA breakeven in Q4.

Ashok Chaturvedi, Chairman & Managing Director, Uflex Limited said, "Flexible packaging industry has been working on plastic waste management and sustainability is influencing many packaging decisions. All FMGG and Pharma brands are looking at bespoke recyclable and biodegradable packaging solutions that are also cost-effective and Uflex is confident of providing leadership in these endeavors, this year."

He added, "Uflex had taken a lead in putting up Recycling plants ahead of most manufacturers globally. In continuation of our efforts towards sustainability, we have successfully commissioned our Pyrolysis Plant at Noida facility in this quarter, making our packaging division a zero discharge unit."

Shares of UFLEX LTD. was last trading in BSE at Rs.249.6 as compared to the previous close of Rs. 251.2. The total number of shares traded during the day was 13820 in over 275 trades.

The stock hit an intraday high of Rs. 252.45 and intraday low of 242.75. The net turnover during the day was Rs. 3399679.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

GMR Group receives Rs. 5248 crore first tranche of payment from Groupe ADP

Sonata Software Ltd board declares 2nd interim dividend of Rs. 14.50

Balaji Amines Ltd board to consider interim dividend on Mar 9, 2020

Shilpa Medicare Ltd gets 15 observations from USFDA for facility at Jadcherla

Fitch affirms rating of JSW Steel Ltd

Coders from Asia Pacific Make a Clean Sweep at TCS CodeVita

Sundram Fasteners Ltd board declares 2nd interim dividend of Rs. 2.80

Polycab India Ltd board to approve interim dividend on Mar 3, 2020

Tata Motors Ltd board approves issue of NCDs E28-B Series worth Rs. 500 crores

Cipla Ltd gets warning letter from USFDA for Goa manufacturing facility

Aurobindo Pharma receives EIR for Unit VIII of Gaddapotharam API facility with VAI status from USFDA

CRISIL completes Greenwich acquisition

IndiGo denies receiving any communication from SEBI

Omaxe Chandni Chowk will be a Milestone for City: Shri Jai Prakash, Chairman Standing Committee, North Delhi Municipal Corporation

RBI lifts restriction on Bandhan Bank Ltd

Eldeco Housing & Industries Ltd board to consider dividend on Mar 3, 2020

ICRA revises ITD Cementation India Ltd's rating

IRB Infra bags prestigious Mumbai-Pune Expressway Project

Sundaram Clayton Ltd board to consider interim dividend on Mar 10, 2020

Veto Switchgears and Cables Ltd updates on loan to overseas subsidiary

Deepak Nitrite Ltd board to consider interim dividend on Mar 4, 2020

TVS Motor Company Ltd board to consider 2nd interim dividend on Mar 10, 2020

Stovec Industries Ltd Q4 PAT lower at Rs. 5.59 crore

Godawari Power & Ispat Ltd commences commercial production in rolling mill

Stovec Industries Ltd Board approves dividend of Rs. 60

Sanofi India Ltd board declares final dividend of Rs. 106 and special dividend of Rs. 243

S.R. Industries Limited enters into One time settlement with State Bank of India

Great Eastern Shipping Company Ltd board to consider interim dividend on Mar 6-7, 2020

Dr. Lal PathLabs Ltd board declares 2nd interim dividend of Rs. 6

Ind-Ra places Wockhardt's rating on rating watch

Albert David Ltd board to consider interim dividend for FY20

Wipro Recognized as 'Best Global Systems Integrator' by Looker

Shanthi Gears Ltd board to declare interim dividend on Feb 28, 2020

Rajratan Global Wire Ltd board to consider interim dividend on Feb 29, 2020

Sanofi India Ltd Q4 CY2019 net profit drops QoQ to Rs. 97.3 crore

Asian Paints Ltd board declares interim dividend of Rs. 7.15

ICRA reaffirms rating of Zensar Technologies Ltd

Plastiblends India Ltd Board approves interim dividend of Rs. 3.75

Chandni Textiles Engineering Industries Ltd receives order from Samsonite South Asia Pvt Ltd

Elantas Beck India Ltd Q4 CY2019 PAT declines to Rs. 10.55 crore

Kovai Medical Center & Hospital Ltd board declares interim dividend of Rs. 3 for FY20

Elantas Beck India Ltd board declares dividend of Rs. 5 for 2019

Lupin launches Ethacrynic Acid Tablets USP

Navin Fluorine announces $410 million multi-year contract with a global company

Asahi Songwon Colors Ltd Board approves interim dividend of Rs. 3

Navin Fluorine International Ltd Board approves interim dividend of Rs. 4

Hexaware and IKOR partner to strengthen engineering capabilities for Guidewire Solutions globally

Kama Holdings Ltd board declares interim dividend

ICRA updates on ratings of Rane Brake Lining Limited

PVR Annual Report for FY 2018-19, Ranked 17th Globally in Annual Report Competition, by League of American Communications Professionals







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019