Uflex Ltd reported 17.38% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs2,105.15cr. The top line got a boost from a 17% growth in flexible packaging products. The COVID pandemic underlined the need for better hygiene and that is directly related to the safety and hygiene of the packing.
That has created a fresh industrial demand for flexible packaging products. In fact, the sales were higher in the sequential quarter, when the COVID related demand was at its peak.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 89.10% at Rs159.92cr. The top line growth at 17.4% was much more robust compared to the growth in operating expenses at just about 9.2%. As a result, the PAT margins improved from 4.72% in Dec-19 to 7.60% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Uflex Ltd |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 2,105.15 |
₹ 1,793.38 |
17.38% |
₹ 2,228.75 |
-5.55% |
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Net Profit (Rs cr) |
₹ 159.92 |
₹ 84.57 |
89.10% |
₹ 221.82 |
-27.91% |
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Diluted EPS (Rs) |
₹ 22.15 |
₹ 11.71 |
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₹ 30.72 |
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Net Margins |
7.60% |
4.72% |
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9.95% |
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