A major player at the ‘Make in India Week’

Uflex’s net profit for Q3 FY 2015-16 up by 38%

Make in India Week
Ashok Chaturvedi, chairman and managing director of Uflex Group

India’s largest global flexible packaging company Uflex has registered 38% growth in its consolidated net profit for Q3 FY 2015-16 when compared to the same period during the last financial year. The net profit stands at Rs. 78.7 crore as compared to Rs. 57.1 crore during the third quarter of the previous financial year.

The consolidated total revenue for Q3 FY 2015-16 has been tad lower at Rs.1,511 crore as compared to Rs. 1,533.8 crore during the corresponding period of the previous financial year due to fall in selling prices of packaging films mainly owing to the drop in the prices of raw materials. The consolidated total revenue for the first nine months of FY 2015-16 is 4,651 crore, while the consolidated net profit for the same period stands at Rs. 232.6 crore, up from Rs.186.2 crore when compared to the same period during the last financial year, thus registering a bottom line growth of 25%.

Upon declaration of Q3 results, Ashok Chaturvedi, chairman and managing director of Uflex Group said, “I am glad that the innovation quotient of the organization has been continuously rising – a fact that is evident from the consistent growth in our bottom line. We always endeavour to offer flexible packaging solutions that add value to the business of our clients. This is a collaborative process, wherein our product team proactively interfaces with our clients to design unique and optimized packaging solutions exactly matching their requirements in terms of barrier properties, functionalities, aesthetics and anti-counterfeiting properties among other parameters.”

The work towards commissioning the first of its kind aseptic packaging plant at Sanand, Gujarat is underway in full swing. With this plant for packing liquid products becoming commercially operational in early 2017, Uflex will complete its entire product bouquet of flexible packaging solutions which currently covers solids, semi-solids, viscous fluids, pastes, gels, powders, granular material.

Uflex is all geared to showcase its technological prowess during the ‘Make in India Week’ that will be inaugurated by prime minister Narendra Modi on 13 February 2016 at MMRDA Grounds, Bandra Kurla Complex, in Mumbai. The Gujarat Project will be one of the prominent highlights of Uflex which will be present at Stand 22.21.

Packaging South Asia is the cooperating media partner for drupa 2016 which is scheduled to be held from 31 May to 10 June at Dusseldorf, Germany.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now