Saturday 23 Sep, 2023 06:16 AM
Site map | Locate Us | Login
   Dhampur Sugar CEO Anant Pande resigns    KPI Green jumps after bagging order for 145.20 MW hybrid power project    EKI Energy Services Ltd leads losers in 'A' group    Lupin buys five brands from Italy-based Menarini for Rs 101 cr    STL Global Ltd leads losers in 'B' group    Volumes jump at Carborundum Universal Ltd counter    Power shares edge lower    Consumer Durables stocks slide    Healthcare shares fall    CRISIL upgrades ratings of HPL Electric to 'A-/A2+' with 'stable' outlook    National Aluminium Company Ltd slips for fifth straight session    New Delhi Television Ltd down for fifth straight session    Godrej Consumer Products Ltd drops for fifth straight session    Jindal Stainless Ltd eases for fifth straight session    Divis Laboratories Ltd slips for fifth straight session 
Saravan Stocks
Hot Pursuit
Scrips, which has significant changes during the market hours.
Uflex gallops after Q1 PAT jumps 42% YoY
11-Aug-22   12:03 Hrs IST

The company's profit before tax (PBT) stood at Rs 475.60 crore in Q1 June 2022, rising 52% year-on-year. The company posted EBITDA of Rs 725 cr for Q1 FY23, up by 44.3% YoY. EBITDA margin for Q1 FY23 was 17.9%.

Total expense climbed 47% YoY to Rs 3320.80 crore in Q1 FY23. Cost of raw material consumed stood at Rs 2599.83 crore (up 45.1% YoY), power & fuel expense stood at Rs 157.25 crore (up 32.5% YoY) and employee expenses stood at Rs 250.95 crore (up 14% YoY).

Total production output rose by 14.8% YoY in the said quarter to reach 159793 MT and total sales volume stood at 154811 MT witnessing a jump of 15.7% YoY. The increased capacity of aseptic liquid packaging plant was available during the quarter and the business achieved sales volume growth of 123% YoY.

Rajesh Bhatia Group CFO, UFlex said, We continued delivering robust results in the first quarter of FY2023 despite facing volatile market conditions and strong global headwinds created by supply chain and raw material constraints. Infact, 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%.

Ashok Chaturvedi, chairman and managing director, UFlex commented, We are amplifying our objectives to have a complete backward integration for BOPET packaging films via a PET resin facility set up in Panipat (India) to ensure consistent availability of quality raw materials at reasonable prices that will help protect the margins. The project is likely to be commissioned by FY2026.

UFlex is India's largest multinational flexible packaging materials & solutions company and a global player in polymer sciences.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID:       Customers grievances :     Compliance officer : Mr.R Udayakumar ,,  Mobile No: 7305522205
Hit Count : 28309488
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL WEALTH Pvt. Ltd