Q1FY21 results: UFLEX net profit rises by 116.19 per cent YoY to Rs 196.54 crore
UFLEX Ltd, India’s largest multinational flexible packaging company announced its Q1FY21 results on Aug 18, 2020. The company reported consolidated net sales of Rs 1992.68 crore in Q1FY21, which rose by 0.73 per cent YoY from Rs 1978.27 crore in Q1FY20.
The company posted EBITDA of Rs 416.25 crore in Q1FY21 that rose by 52.14 per cent YoY. For Q1FY20, it had posted EBITDA of Rs 273.59 crore. EBITDA margin as of Q1FY21 was at 20.89 per cent that rose by 7.06 per cent YoY. EBITDA margin for Q1FY20 was 13.83 per cent.
The consolidated net profit in Q1FY21 came in at Rs 196.54 crore, which rose by 116.19 per cent, as compared to Q1FY20, when it reported a profit of Rs 90.91 crore. The net profit margin in Q1FY21 came in at 9.86 per cent, which rose by 5.26 per cent YoY. The net profit margin for Q1FY20 was 4.6 per cent.
Uflex's total expenses declined 6.94 per cent to Rs 1,734.87 crore in Q1FY21 as against Rs 1,864.29 crore in Q1FY20. Total production volume during the Q1FY21 grew 13.44 per cent YoY to 1,07,599 metric tonnes (MT), while total sales volume increased 8.97 per cent YoY to 1,03,575 MT.
On Tuesday, the share of the company was up by 0.09 per cent and closed at Rs 337.55.
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Particulars
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Q1FY21 (Rs in cr)
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Q1FY20 (Rs in cr)
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Per cent change
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Net Profit
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196.54
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90.91
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116.19
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|
Net Revenue
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1,992.68
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1,978.27
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0.73
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Operating Profit
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416.25
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273.59
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52.14
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EBITDAM%
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20.89
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13.83
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7.06
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PATM%
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9.86
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4.60
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5.26
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