The consolidated total revenue for Q3 FY 2015-16 has been tad lower at Rs.1511 crore as compared to Rs 1533.8 crore during the corresponding period of the previous financial year due to fall in selling prices of packaging films mainly owing to the drop in the prices of raw materials.
The consolidated total revenue for the first nine months of FY 2015-16 is 4651 crore, while the consolidated net profit for the same period stands at Rs. 232.6 crore, up from Rs.186.2 crore when compared to the same period during last financial year, thus registering a bottom line growth of 25%.
Chairman and MD Ashok Chaturvedi says, “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.”
The work toward commissioning a first-of-its-kind, aseptic-packaging plant at Sanand, Gujarat, India, is underway. With this plant for packing liquid products going commercially operational in early 2017, UFLEX will complete its entire product bouquet of flexible-packaging solutions, which currently covers solids, semi-solids, viscous fluids, pastes, gels, powders, and granular material, etc.