Uflex sets benchmark with its Innovations in Q2 FY20-21

Noida-based multinational flexible packaging company and a global player in polymer sciences, Uflex declared its earnings for the quarter ending September 2020. The company posted a strong performance with consolidated revenue rising by 19.2% YoY to Rs 2234.5 crore, EBITDA increasing by 69.6% YoY to Rs 472.9 crore and net profit jumping YoY by 136% to Rs 221.8 crore in Q2 FY 2020-21. The company has registered back-to-back successful quarters where it witnessed a surge in demand for multiple lines of businesses while also adding newer clients. Ashok Chaturvedi, chairman, and managing director, Uflex, said, “This quarter has witnessed a resurgent UFlex, despite all the Covid-19 challenges, achieving highest ever quarterly production, sales, revenue, EBITDA and PAT. We have been pivotal in providing packaged products to the end consumers during the pandemic period. To ensure that we are future-ready and have a better outreach of sustainable solutions to our clients located globally, we have been scaling up our international operations. We are glad to announce that during the quarter, we commenced commercial operations at our…

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