Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's largest flexible packaging company, has registered a growth of 15% in its consolidated revenue for the quarter ended December 31, 2012 at Rs. 1295 crore as against Rs. 1129 crore for the same period last year. Its consolidated net profit for the Dec. quarter of FY 2013 stood lower at Rs. 36 crore, against Rs. 51 crore for the same period last year.

1. UFLEX Ltd Q3 FY 2013 Net Revenue Up 15% at Rs. 1295 crores
New Delhi:- Uflex Ltd, the Bombay Stock Exchange (UFLEX: 500148) and NSE listed, India's
largest flexible packaging company, has registered a growth of 15% in its consolidated revenue
for the quarter ended December 31, 2012 at Rs. 1295 crore as against Rs. 1129 crore for the
same period last year. Its consolidated net profit for the Dec. quarter of FY 2013 stood lower at
Rs. 36 crore, against Rs. 51 crore for the same period last year.
For the nine months period ended December 31, 2012, UFlex recorded lower net profit of Rs.
149 crore against Rs. 205 crore in the corresponding period last year, while net revenue of the
company for the nine months ended Dec.. 31, 2012 stood higher by 19% at Rs. 3940 crore
compared Rs. 3320 crore in the same period in previous fiscal.
The higher revenue growth is attributed to new capacity expansion globally and increased
uptake of innovative flexible packaging solutions offered by the company across sectors. Uflex
completed the expansion in Poland successfully during July, 2012 and in Kentucky, USA during
January 2013. Collectively the two facilities involved investments of about $ 150 million.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFLEX Ltd, “The market
conditions for the plastic film has been unfavourable during the current financial year, causing
having downward pressure on prices & margins thereof. However, conditions have started
showing some improvement from February, 2013 and there are hopes that it will show up better
in the coming time. We are quite confident that FY 2013-14 would witness far better results.
Our three pronged strategy of growth with Innovation, proximity to customers with focus on
operational excellence and better quality & quick service and deliveries to customers is the key
to our success story that also reflects in the company’s top line growth. We will continue with
our endeavors to become one of the largest packaging companies in the globe delivering value
to our customers with best-in-class products and services; and incremental return on
investments to investors.”
Uflex's strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to
global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries,
South Africa and other African countries, the Middle East and the South Asian Countries.
Expansion Plans
UFLEX’s agenda of global expansion and consolidation of its position as a truly Indian MNC
(Multinational Corporation) is reinforced with its strategy of capacity expansion and adding
manufacturing lines for various product categories across existing and newer locations to
increase proximity to the markets, but also to bring broad portfolio of value added products to its
clients at competitive price points.