UFLEX Ltd Q4 FY2013-14 Consolidated Net Revenue at Rs. 1475 crore; and Net Profit at Rs. 60 Crore - ABC 33/40 - Birmingham News, Weather, Sports

UFLEX Ltd Q4 FY2013-14 Consolidated Net Revenue at Rs. 1475 crore; and Net Profit at Rs. 60 Crore

Posted: Updated:
Our continued commitment towards innovation and adding value to clients’ businesses, which enables them to delight their customers with bouquet of packaging solutions and adhering to time sensitive operational practices has ensured strong relationships. This growing relationship is reflected in our sustained growth over the years.

New Delhi, June 2, 2014: 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 F.Y. 2014 of Rs. 1475 crore as against Rs. 1240 crore for the same period last year, up 19%. The consolidated net profit for the quarter ended March 31, 2014 has been higher at Rs. 60 crore as against Rs. 41 crore for the same period last year up by 46%.

For the full financial year ended March 31, 2014, UFlex recorded a strong growth of 14% in consolidated net revenues at Rs. 5863 crore as against Rs. 5161 crore for the last year. The net profit for the full financial year (FY 2013-14) has been higher at Rs. 202 crore against Rs. 190 crore in the last year, an increase of 6%. The Board has also recommended Dividend of 25% for the FY 2014.

The higher revenue growth is attributed to new capacity expansion globally and increased uptake of innovative flexible packaging solutions offered by the company across sectors.

According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, “Our continued commitment towards innovation and adding value to clients’ businesses, which enables them to delight their customers with bouquet of packaging solutions and adhering to time sensitive operational practices has ensured strong relationships. This growing relationship is reflected in our sustained growth over the years.”

Expansion Plans

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 various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points. Accordingly, the Company has been working on its expansion plans to achieve its growth plans in future.

Uflex’s strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.

The company offers its flexible packaging products and solutions globally to clients including 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, 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 140 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.

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.

Media Contact
Company Name: Mavcomm Consulting Pvt. Ltd.
Contact Person: T. Anand Mahesh / Neeraj Atri
Email: anand@mavcommgroup.com / neeraj@mavcommgroup.com
Phone: 09870716285 / 9811714871
Country: India
Website: www.mavcommgroup.com

ReleaseID: 4811

  • Latest StoriesMore>>

  • Update: Body found in bakery truck, no foul play involved

    Update: Body found in bakery truck, no foul play involved

    Monday, July 28 2014 11:28 AM EDT2014-07-28 15:28:15 GMT
    ABC 33/40 has confirmed that the body of 40 year old bakery employee Shane Landrip Caldwell was found in the truck. Police do not believe any foul play was involved.More >>
    ABC 33/40 has confirmed that the body of 40 year old bakery employee Shane Landrip Caldwell was found in the truck. Police do not believe any foul play was involved.More >>
  • Nationwide manhunt for Ozark man accused of kidnapping, sexual assault

    Nationwide manhunt for Ozark man accused of kidnapping, sexual assault

    Sunday, July 27 2014 10:00 PM EDT2014-07-28 02:00:39 GMT
    David PittsDavid Pitts
    A 30 year old woman and 8 year old child are receiving medical treatment after they were kidnapped and sexually assaulted. A nationwide manhunt is now underway for the suspect.More >>
    A 30 year old woman and 8 year old child are receiving medical treatment after they were kidnapped and sexually assaulted. A nationwide manhunt is now underway for the suspect.More >>
  • Attorney "getting conflicting stories about absentee ballots" in contested JeffCo race

    Attorney "getting conflicting stories about absentee ballots" in contested JeffCo race

    Sunday, July 27 2014 7:08 PM EDT2014-07-27 23:08:43 GMT
    Jefferson County Commissioner Sandra Little Brown is expected to address the challenge to the District Two election results Monday. The contest was filed by one of her opponent's supporters. ABC 33/40 spoke with the attorney representing that supporter.More >>
    Jefferson County Commissioner Sandra Little Brown is expected to address the challenge to the District Two election results Monday. The contest was filed by one of her opponent's supporters. ABC 33/40 spoke with the attorney representing that supporter.More >>
  • Woman doused with gasoline and burned by ex-boyfriend

    Woman doused with gasoline and burned by ex-boyfriend

    Sunday, July 27 2014 5:04 PM EDT2014-07-27 21:04:38 GMT
    The Jefferson County Sheriff's department is looking for 48 year old Michael Kennedy. He's wanted on several charges after allegedly setting his ex-girlfriend on fire. Just after 2:30 this morning deputies respond to a report of a house fire in the 4400 block of Nellie Anderson Street. They arrived to find a 49 year old female victim with extensive burns to her head, arms, upper body and legs. She was transported to the hospital and admitted to a burn unit in serious condition. Investigators...More >>
    The Jefferson County Sheriff's department is looking for 48 year old Michael Kennedy. He's wanted on several charges after allegedly setting his ex-girlfriend on fire. Just after 2:30 this morning deputies respond to a report of a house fire in the 4400 block of Nellie Anderson Street. They arrived to find a 49 year old female victim with extensive burns to her head, arms, upper body and legs. She was transported to the hospital and admitted to a burn unit in serious condition. Investigators...More >>
  • A triple shooting leaves one person dead

    A triple shooting leaves one person dead

    Sunday, July 27 2014 11:51 AM EDT2014-07-27 15:51:55 GMT
    One person is dead and two others in juried in an early morning shooting in Ensley. Birmingham Police report incident occurred in the 1600 Block of Avenue I. Around 2:30 a.m. police were called to the location and found the victim lying face down in the street suffering from a gunshot wound to the back. Birmingham Fire and Rescue also responded to the scene and pronounced the victim deceased at the scene. The name of the victim has not yet been released pending notification of relatives. Ther...More >>
    One person is dead and two others in juried in an early morning shooting in Ensley. Birmingham Police report incident occurred in the 1600 Block of Avenue I. Around 2:30 a.m. police were called to the location and found the victim lying face down in the street suffering from a gunshot wound to the back. Birmingham Fire and Rescue also responded to the scene and pronounced the victim deceased at the scene. The name of the victim has not yet been released pending notification of relatives. Ther...More >>
  • Judge Rules Benz Plant Violated Labor Laws

    Judge Rules Benz Plant Violated Labor Laws

    Saturday, July 26 2014 11:29 PM EDT2014-07-27 03:29:07 GMT
    A judge has ruled Mercedes-Benz U.S. International violated labor laws while dealing with employees interested in forming a labor union.An administrative law judge for the National Labor Relations Board ordered MBUSI to revise rules in its employee handbook governing the solicitation and distribution of materials at its auto manufacturing plant in Vance.The United Auto Workers accused Mercedes managers of stymieing pro-union employees' efforts to distribute information about the union.Mercede...More >>
    A judge has ruled Mercedes-Benz U.S. International violated labor laws while dealing with employees interested in forming a labor union.An administrative law judge for the National Labor Relations Board ordered MBUSI to revise rules in its employee handbook governing the solicitation and distribution of materials at its auto manufacturing plant in Vance.The United Auto Workers accused Mercedes managers of stymieing pro-union employees' efforts to distribute information about the union.Mercede...More >>
  • Glen Allen man killed in accident involving logging truck

    Glen Allen man killed in accident involving logging truck

    Saturday, July 26 2014 6:17 PM EDT2014-07-26 22:17:25 GMT
    Alabama State Troopers say a 63 year old man from Glen Allen was killed in a two vehicle crash in Fayette County. It happened Friday night on County Road 73.More >>
    Alabama State Troopers say a 63 year old man from Glen Allen was killed in a two vehicle crash in Fayette County. It happened Friday night on County Road 73.More >>
  • Shooting victim's wife and sons want answers concerning homicide investigation

    Shooting victim's wife and sons want answers concerning homicide investigation

    Saturday, July 26 2014 6:11 PM EDT2014-07-26 22:11:45 GMT
    Family members grieve the loss of a 37-year-old man shot dead. Birmingham police are investigating. A family is asking questions as police hear conflicting stories.More >>
    Family members grieve the loss of a 37-year-old man shot dead. Birmingham police are investigating. A family is asking questions as police hear conflicting stories.
    More >>