UFlex Ltd, India’s largest multinational in flexible packaging materials and solutions has announced its business performance results for the first quarter of FY2022-23.
The company posted consolidated EBITDA at Rs725 crore for Q1 FY22-23, up by 44.3% YoY whereas the consolidated Net Profit stood at Rs374.5 crore, witnessing a gain of 41.9% YoY. The consolidated Revenue registered a rise of 46.5% YoY to reach Rs4045.8 crore in the said quarter. EBITDA margin for Q1FY23 was 17.9%.
Total Production output increased by 14.8% YoY in the quarter to reach 159793 MT and Total Sales volume stood at 154811 MT logging growth of 15.7% YoY. The improved capacity of Aseptic Liquid Packaging plant was available during Q1 and the business registered sales volume growth of 123% yoy.
Rajesh Bhatia Group CFO of UFlex Ltd commented, “We continued registering strong results in the Q1FY23 despite facing volatile market situations and strong global headwinds created by supply chain and raw material constraints. Meanwhile, we outperformed with highest ever quarterly Revenue and Net Profit in this quarter.”
Continuing he added, “The BOPET film plant in Nigeria is ramping up and achieved capacity utilization of 70%+ during the quarter. The impact of higher raw material prices continued during the quarter as is evident from 46.5% YoY revenue growth against sales volume growth of 15.7%.”
At around 9:17 AM, Uflex was currently trading at Rs665 per share down by Rs5.25 or 0.78% from its previous closing of Rs670.25 per share on the BSE.
IIFL Customer Care Number 
IIFL Capital Services Support WhatsApp Number
