Wednesday, 18 November 2015
Huge revenue consolidated by Uflex ltd.in the FY 2015-16
Uflex ltd. is a main packaging development element internationally recognized for its quality norms of magnificence in the packaging industry.It is developing as the biggest completely coordinated adaptable packaging solution supplier covering an extensive variety of customers in different commercial enterprises over the globe. Uflex ltd. has built up benchmarks of accomplishment and development obliging the constantly expanding interest for flexible packaging arrangements everywhere throughout 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 lhas 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.