Uflex’s profitability remains intact in Q4FY16
Uflex has announced Q4FY16 results on Friday after market hours. The company’s top line has increased by 1.45 per cent to Rs 1482 crore in Q4FY16 as compared to same period in previous financial year. Its EBITDA too has risen by 19.85 per cent to Rs 1292 crore in Q4FY16 on a yearly basis. Uflex’s EBITDA margin has expanded by 197 basis points to 12.85 per cent in Q4FY16 as compared to same period in previous fisca. The company’s bottom line also has increased by 17.06 per cent to Rs 80.23 crore in Q4FY16 on a yearly basis. Its net profit margin has expanded by 72 basis points to 5.41 per cent in Q4FY16 on a year on year basis.
On the yearly front, Uflex’s revenue has declined by 1.21 per cent to Rs 6106 crore in FY16 as compared to previous fiscal year. Meanwhile, the company’s EBITDA has risen by 9.66 per cent to Rs 802 crore in FY16 on a yearly basis because of 8.26 per cent reduction in raw material prices during the quarter. Its EBITDA margin has expanded by 130 basis points to 13.14 per cent in FY16 as compared to previous financial year. Uflex’s net profit also has been boosted by 22.8 per cent to Rs 313 crore in FY16 on a yearly basis. The company’s net profit margin has expanded by 100 basis points to 5.12 per cent in FY16 as compared to previous fiscal year.
According to Uflex’s company management, it will witness the commissioning of aseptic packaging plant at Sanand, Gujarat for packing liquid products during FY17. The company will complete its product bouquet which currently entails offering end-to- end flexible packaging solutions for solids, semi-solids, pastes, gels, viscous fluids, powders, granular material etc.
On May 27, the share price of Uflex increased by 0.95 per cent on bourses; and closed at Rs 186.4 on an intraday basis.
Uflex is in the manufacture and sale of flexible packaging products and flexible packaging solutions. The company's products include printed, laminated, metalised, co-extruded, coated, embossed, plain plastic films and hologrammed sticker sheets. Its plastic film products include oriented polypropylene (OPP) films, polyester films, metalised and specialty films, and polyester chips.