Q1FY23 Quarterly Result Announced for Uflex Ltd.
Containers & Packaging firm Uflex Announced Q1FY23 Result : UFlex Posts Highest ever Quarterly Net Revenue & PAT in Q1FY2023 46.5% YoY growth in Revenue at INR 4045.8 cr in Q1FY23 PAT at INR 374.5 cr, up by 41.9% YoYin Q1FY23 EBITDA jumps by 44.3% YoY to INR 725 cr in Q1FY23 Aseptic Liquid Packaging Business outperforms with 123% YoY jump in sales volume in Q1FY23 Total Production output rose by 14.8% YoY in the said quarter to reach 159793 MT and Total Sales volume stood at 154811 MT witnessing a jump of 15.7% YoY. The increased capacity of Aseptic Liquid Packaging plant was available during the quarter and the business achieved sales volume growth of 123% YoY. UFlex Ltd, India's largest multinational in flexible packaging materials and solutions, announced its business performance results for the first quarter of FY2022-23 today. The company posted consolidated EBITDA at INR 725 cr for Q1 FY22-23, up by 44.3% YoY whereas the consolidated Net Profit stood at INR 374.5 cr, witnessing a gain of 41.9% YoY. The consolidated Revenue registered a rise of 46.5% YoY to reach INR 4045.8 cr, in the said quarter. EBITDA margin for Q1FY23 was 17.9%. Expressing his views about the company's performance, Rajesh Bhatia Group CFO, UFlex Ltd said, "We continued delivering robust results in the first quarter of FY2023 despite facing volatile market conditions and strong global headwinds created by supply chain and raw material constraints. Infact, we outperformed with highest ever quarterly Revenue and Net Profit in this quarter." Continuing he added, "The BOPET film plant in Nigeria is ramping up and achieved capacity utilization of 70% during the quarter. The impact of higher raw material prices continued during the quarter as is evident from 46.5% YoY revenue growth against sales volume growth of 15.7%." Result PDF11-08-2022