Consolidated Top Line for FY 2017-18 stood at Rs. 6720.5 Crore recording a 9% Y-O-Y growth. EBITDA for the fiscal ended 31 March 2018 remained more-or-less muted at Rs. 902.6 Crore. During FY 2016-17 the EBITDA stood at Rs. 898.9 Crore. Consolidated Net Profit for FY 2017-18 has been Rs. 310.5 Crores as compared to Rs. 348.5 Crore in FY 2016-17.
While approving and adopting the audited annual accounts for the FY 2017-18, the Board has recommended Dividend of 20% subject to approval by the shareholders of the company.
Rajesh Bhatia, Global CFO, Uflex, says, "The tangible volumes are perfect and most reliable growth indicators for Flexible Packaging Industry. We produced more and sold more in FY 2017-18. The total production volume has been up by 8.5% in FY 2017-18. The total sales volume has also echoed the same trend and has been up by 8.6% in FY 2017-18 when compared to the previous fiscal.
Talking individually about Films segment, the sales volumes grew by 8% in FY 2017-18. While for the Packaging segment the sales volumes grew by 12% in FY 2017-18.
Aseptic Packaging, which was commissioned during FY 2017-18 is gradually ramping up and we are already supplying to more than 12 customers. The trial runs are ongoing with some of the large customers and will surely culminate into sales in the current financial year.”
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