Q3FY18 Result: Higher interest, depreciation cost weigh on bottom-line of Uflex

Uflex reported consolidated revenue for the quarter at Rs. 1,674.43 crore, registering 5.9 per cent yoy increase. This was primarily driven by 7.5 per cent yoy rise in flexible packaging activity division.

EBITDA for the quarter fell by 7.4 per cent yoy to Rs. 194.37 crore with a corresponding margin contraction of 166 bps. EBITDA margin for the quarter stood at 11.6 per cent. This margin contraction was led by one-time product related cost of Rs. 20.32 crore.

The PAT for the quarter came in at Rs. 52 crore, yoy decline of 29.5 per cent. This was due to higher interest (up by 19.9 per cent yoy) and depreciation costs (up by 16.2 per cent yoy) related to Sanand Plant.

Uflex is India's largest multinational flexible packaging materials and solutions company. The company has state-of-the-art packaging facilities in multiple locations in India, UAE, Mexico, Egypt, Poland and the US with cumulative installed capacity in excess of 337,000 TPA.