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:

Ashika Credit Capital Ltd FY19 PAT surges to Rs. 7.55 crores

VTM Ltd Board recommends Dividend of Rs. 0.90

Indian Hotels Company Ltd Board to consider FY19 results & Dividend on April 30, 2019

Symphony Limited announces closure of Surat SEZ Unit

BASF India Ltd calls for board meeting on April 30, 2019

Hindustan Unilever Ltd board to recommend dividend, consider FY19 results on May 3, 2019

VTM Ltd reports PAT of Rs. 10.21 crores in FY 2018-19

Dr. Lal PathLabs Ltd calls for board meeting on May 17, 2019

Reliance Nippon Life Asset Management Ltd board to announce FY19 results, dividend on April 29, 2019

Vinyl Chemicals India Ltd board to approve dividend, FY19 results on May 13, 2019

Alembic Pharmaceuticals Ltd board to consider FY19 results, dividend on May 8, 2019

QGO Finance Ltd posts net profit of Rs. 0.04 crore in FY19

India Post Partners with TCS to Digitally Reimagine Postal Services

Asian Paints Ltd resumes operations at Vizag plant

Mahindra Lifespace Developers Ltd FY19 PAT climbs to Rs. 118.67 crores

Pil Italica Lifestyle Ltd announces resignation of CS

Mahindra Lifespace Developers Ltd board approves dividend of Rs. 6

PVR Ltd launches 6 screens multiplex at Amritsar

Sadhana Nitro Chem Ltd board approves interim dividend of Rs. 1.25 for 2018-19

GHCL launched 'REKOOP' CertainT® verified recycled PET bedding products on Amazon.com

Elecon Engineering Company Ltd board to consider Q4, FY19 results on May 7, 2019

GOA Carbon Ltd continues to post loss in Q4 FY19

Supreme Industries Ltd board to approve FY19 results, dividend on May 7, 2019

Mindteck India Ltd board to announce Q4, FY19 results on May 28, 2019

Goodyear India Ltd appoints Mr. Anup Karnwal as company secretary

Radico Khaitan Ltd board to approve dividend, FY19 results on May 2, 2019

Baleno now with Next Generation Smart Hybrid Technology

Alembic Pharmaceuticals receives US FDA Approval for Teriflunomide Tablets, 7 mg and 14 mg

Birlasoft recognized as Rising Star USA in the Salesforce Ecosystem by ISG

Monsanto India Ltd board to announce FY19 results, dividend on April 30, 2019

Huhtamaki PPL Ltd calls for board meeting on May 9, 2019

SpiceJet, Emirates sign MoU for codeshare partnership

Sanofi India Ltd board to announce Q1 CY2019 results on May 7, 2019

EIMCO Elecon India Ltd board to consider dividend, Q4, FY19 results on May 7, 2019

Adani Defence Systems and Technologies Ltd acquires Alpha Design Technologies Pvt Ltd

Shilpa Medicare Ltd receives US FDA approval for Busulfan Injection

Indag Rubber Ltd Board recommends Final Dividend of Rs. 1.50 for 2018-19

Avantel Limited bags order from Boeing

Shilpa Medicare Ltd receives EIR from USFDA for R&D unit at Modavalasa

HDFC Bank Ltd Board recommends Dividend of Rs. 15 for 2018-19

HDFC Bank announces Q4, FY2018-19 results

Indag Rubber Ltd Q4 PAT slides to Rs. 1.91 crore

SVP Housing Ltd updates on changes in board

Kridhan Infra Ltd appoints Ms. Rajeshree Mishra as CFO

NELCO Ltd board to approve dividend, Q4, FY19 results on April 27, 2019

Shilp Gravures Ltd board to consider FY19 results on April 27, 2019

Gravita Tanzania Ltd commences Commercial Production of Lead from its Plant situated at Tanzania, East Africa

Maithan Alloys Ltd board to announce Q4, FY19 results on April 30, 2019

HDFC Bank Ltd reports net profit of Rs. 22332.44 crores in FY 2018-19

Syngene International Ltd board to consider bonus issue on April 24, 2019







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

disclaimer copyright © 2005 - 2019