Uflex reports blockbuster Q4 results, plans to double packaging capacity; stock zooms 17 per cent

As packaging took an important position throughout the pandemic, Uflex has outperformed in FY21

Uflex Limited, a packaging solutions company recently declared its financial results for the fourth quarter of FY21.  

Its consolidated profit after tax (PAT) jumped 163 per cent YoY to Rs 264.7 crore while EBITDA grew by 87 per cent YoY to Rs 516.4 crore. FY21 PAT soared by 128 per cent YoY to Rs 842.9 crore and EBITDA jumped 64.8 per cent YoY to Rs 1,827 crore. 

The board has also recommended a dividend for the financial year ended March 31, 2021, of 25 per cent i.e. Rs 2.50 per equity share. 

As packaging took an important position throughout the pandemic, Uflex has outperformed in FY21. The company managed to add new clients as there was a rise in demand for packaging materials and ancillary businesses. For FY21, its total production volume stood at 4,63,065 MT while total sales volume was 4,62,418 MT, registering a robust growth of 21 per cent and 21.5 per cent, respectively on a YoY basis. Throughout the year, the company has been able to commission three projects- a BOPET film line in Russia & Poland each along with a BOPP film line in Egypt; thereby, gaining a wider reach globally. 

Besides, the company plans to double its aseptic packaging capacity to 7 billion packs per annum by FY22 and aims to invest Rs 120 crore for the expansion. 

Uflex is a leading Indian multinational, focussing on innovation to create differentiation, proximity to customers and holistic end-to-end flexible packaging solutions.

On Wednesday, the share of Uflex Ltd was trading at Rs 561.80, giving a 17.67 per cent rise on BSE.