UFLEX LTD. - 500148 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the earnings conference call conducted on 17th August, 202321-08-2023
21-08-2023
UFLEX LTD. - 500148 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Recording of earnings conference call conducted on 17th August, 202317-08-2023
Q1FY24 Quarterly Result Announced for Uflex Ltd.
Containers & Packaging company Uflex announced Q1FY24 results: Consolidated Q1FY24: Revenue at Rs 3,278 crore; decrease of 19% YoY EBITDA at Rs 304 crore; decrease of 58% YoY Loss After Tax at Rs 416 crore against PAT of Rs 375 crore in Q1FY23. Exceptional loss of Rs 382 crore due to change in the Forex Policy of the Central Bank of Nigeria in June 2023 Total Sales volume at 1,43,159 Tons; down 7.5% YoY Standalone Q1FY24: Revenue at Rs 1,671 crore; decrease of 1.5% YoY EBITDA at Rs 206 crore; increase of 0.2% YoY PAT at Rs 55 crore; decrease of 27% YoY Total Sales volume at 63,997 Tons; up 13.6% YoY Ashok Chaturvedi, Chairman, and Managing Director, UFlex, stated, “FY24 has begun on the right note with packaging verticals delivering strong performances. Globally, the packaging films business is facing headwinds due to high inflation in the US and European regions. In India, we have seen an uptick in demand, and our new CPP and BOPET lines in Dharwad, Karnataka are operational, which resulted in a 22% YoY increase in sales volume in the quarter. Our backward integration strategy for manufacturing polyester resin chips, investments in sustainable products and solutions, technology, and continued focus on recycling, decarbonization, and other environment-friendly manufacturing processes will help us achieve our business and strategic goals”. Rajesh Bhatia, Group CFO, UFlex, said, “While the packaging films business in India and globally continues to remain sluggish, UFlex’s flexible packaging and aseptic packaging business continues to perform well. Despite the impact of an early monsoon in 2023, we have witnessed a 7% YoY increase in sales volume in the packaging business in the quarter. By debottlenecking the existing aseptic packaging plant at Sanand, Gujarat, we intend to achieve a capacity of about 12 billion packs per annum from April Result PDF17-08-2023
UFlex slumps 7% on poor Q1 show
The packaging company reported a loss of Rs 416.18 crore in the June quarter against a profit of Rs 374.49 crore in the year-ago period16-08-2023
Uflex posts loss of 416 cr in Q1 FY24
The company had posted a consolidated profit after tax of 375 crore in the same quarter last fiscal, Uflex Ltd said in a statement15-08-2023
UFLEX LTD. - 500148 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release14-08-2023
UFLEX LTD. - 500148 - Unaudited Financial Results (Standalone & Consolidated) Of The Company For The First Quarter Ended 30Th June, 2023
Unaudited Financial Results (Standalone & Consolidated) of the Company for the First Quarter ended 30th June, 202314-08-2023
UFLEX LTD. - 500148 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Conference Call under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 201512-08-2023
UFLEX LTD. - 500148 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Share Certificate (s) received under Regulation 39(3)of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.09-08-2023
UFLEX LTD. - 500148 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of Loss of Share Certificate (s) received under Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.04-08-2023