Uflex ltd q4 fy11 12 consolidated net revenue at rs. 1195 crore and net profit of rs. 51 crore
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Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest flexible packaging company has registered the Consolidated net revenue for the March quarter of 2012 of Rs. 1195 crore as against Rs. 986 crore for the same period last year, up 21%. The higher revenue growth has been achieved due to availability of new capacities and higher utilization thereof. However, the Consolidated net profit has not been in line with top line growth due to continued downward pressure on selling price and rising input cost of PET Film and overall rise of other operating and interest cost during the quarter. It has been lower at Rs. 51 crore as against Rs. 183 crore for the same period last year.
Transcript of Uflex ltd q4 fy11 12 consolidated net revenue at rs. 1195 crore and net profit of rs. 51 crore
UFLEX Ltd Q4 FY11-12 Consolidated Net Revenue at Rs. 1195 crore and Net Profit of Rs. 51 Crore
New Delhi:- Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest
flexible packaging company has registered the Consolidated net revenue for the March quarter of 2012 of
Rs. 1195 crore as against Rs. 986 crore for the same period last year, up 21%. The higher revenue
growth has been achieved due to availability of new capacities and higher utilization thereof. However,
the Consolidated net profit has not been in line with top line growth due to continued downward pressure
on selling price and rising input cost of PET Film and overall rise of other operating and interest cost
during the quarter. It has been lower at Rs. 51 crore as against Rs. 183 crore for the same period last
year.
For the full financial year ended March 31, 2012, UFlex recorded a strong growth of 30% in consolidated
net revenues at Rs. 4579 crore as against Rs. 3540 crore for the last year. However, net profit has been
lower at Rs. 256 crore against Rs. 697 crore in the last year due to the reasons explained above.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, “Exploring new markets and
investment destinations has been an ongoing process for us, as has been innovation in product
development that has ensured long term relationships with customers globally. This progressive outlook
reflects well in our growth in revenues and goes on to stamp our commitment towards our other
stakeholders of incremental value generation on investments.
UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational
Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for new
product categories across facilities in Dubai, Mexico, Egypt, India, Poland & USA – not only to increase
proximity to the markets, but also to bring broad portfolio of value added products to its clients at
competitive price points.
During the financial year ended March 31, 2012, Uflex Ltd completed the 2nd phase of expansion of its
facility in Mexico aggregating a total capacity of 60000 MT of PET film and commissioned an AL-OX
coater, CPP plant of 12000 MTs and PET film of 30,000 MTs at Egypt.
Earlier, Uflex had initiated the setting up of a new plant for manufacturing of 30,000 MTs of polyester film
at Poland. The project is being implemented and is expected to be commissioned by June 2012.
The Company also announced plans to set up polyester film plant in Kentucky, US. The 1st phase will be
commissioned by December 2012 having annual capacity of 30000 MTs.
Uflex is the only integrated unit of its kind in the world with flexible packaging at its core. It has vast
capacities for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and
Biaxially Oriented Polypropylene (BOPP) films, Printing & Coating Inks, facilities for Holography,
Metalization & PVDC coating, making Gravure Printing Cylinders & Flexo Printing plates, Gravure
Printing, Lamination and Pouch formation.
The company's partial client list includes Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive,
Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan
Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, and Birla 3M, among
others.
About UFLEX Ltd
UFLEX Ltd (www.uflexltd.com) is the Bombay Stock Exchange (UFLEX: 500148) and NSE listed India's
largest flexible packaging company with large manufacturing capacities of plastic film and packaging
products providing end-to-end solutions to clients across more than 114 countries. It has vast capacities
for production of Polyester chips, Biaxially Oriented Polyethylene Teraphthalate (BOPET) and Biaxially
Oriented Polypropylene (BOPP) films, Printing & Coating Inks, facilities for Holography, Metalization &
PVDC coating, making Gravure Printing Cylinders, Gravure Printing, Lamination and Pouch formation.
Synonymous with flexible packaging industry in the country, UFLEX group has Gross annual revenue of
Rs. 60 billion and Gross Capital Investment across the world of about Rs. 40 billion. UFLEX offers
finished packaging of a wide variety of products such as snack foods, candy and confectionery, sugar,
rice & other cereals, beverages, tea & coffee, desert mixes, noodles, wheat flour, soaps and detergents,
shampoos & conditioners, vegetable oil, spices, marinates & pastes, cheese & dairy products, frozen
food, sea food, meat, anti-fog, pet food, pharmaceuticals, contraceptives, garden fertilizers and plant
nutrients, motor oil and lubricants, automotive and engineering components etc...
For further information, please contact:T. Anand Mahesh / Neeraj AtriMob. No.: 09870716285 / 9811714871e-mail id: [email protected] / [email protected]
