The net profit of Uflex ltd., India’s largest global flexible packaging company for Q3 FY 2015-16 has registered 38% growth as compared to the last financial year. It stands at Rs. 78.7 crore as compared to Rs. 57.1 crore during previous financial year’s third quarter.
The decrease in the prices of raw materials and selling prices of packaging films had a major impact on the total consolidated revenue of the company. It has been tad lower at Rs.1511 crore for Q3 FY 2015-16 as compared to the same period during the previous financial year. The total consolidated revenue of the company registered a bottom line growth of 25%. It amounted to 4651 crore during the first nine months of FY 2015-16.
Mr. Ashok Chaturvedi, Chairman and Managing Director of Uflex Group expressed his gratitude upon the declaration of Q3 results and said that, “I am glad that the innovation quotient of the organization has been continuously rising – a fact that is well evident from the consistent growth in our bottom line. We always endeavor to offer flexible packaging solutions that add discernible value to the business of our clients. This is a collaborative process, wherein our product team proactively interfaces with our clients to design unique and optimized packaging solutions exactly matching their requirements in terms of barrier properties, functionalities, aesthetics and anti-counterfeiting properties among other parameters. We stand committed to deploy cutting edge technology to the best advantage of our clients. The path ahead looks extremely encouraging and promising. Let’s walk it together with pride.”