Uflex Q3 FY25 Earnings: Uflex, a Noida-headquartered integrated flexiblepackaging and solutions company, on Friday registered a consolidated net profit of Rs 136.82 crore for the quarter ended December 31. That marked an improvement over a consolidated net loss of Rs 67.22 crore for the corresponding period a year ago.
Uflex said that a better asset utilisation, its improved portfolio mix and foreign exchange rates aided its profitability in the quarter under review.
Its net profit was aided by a Rs 25.7 crore currency translation gain during the quarter, in contrast to an exceptional currency translation loss of Rs 100.1 crore a year ago, it said.
The company logged a 12.7 per cent year-on-year increase in its revenue for the third quarter of the current financial year, at Rs 3,684.22 crore, according to a regulatory filing.
Revenue from its flexible packaging activities unit grew 12.5 per cent to Rs 3,641.79 crore but that from its engineering activities segment decreased 10.3 per cent to Rs 116.21 crore.
The company said its sales volumes expanded 6.3 per cent to 1,57,036 MT in the December quarter.
The company said that its latest quarterly performance demonstrates the sustainability and inherent strength of its business model, building on the solid foundation laid in the first half of FY25.
Uflex said that the capacity utilisation in packaging films increased 10.9 per cent in the third quarter.
Uflex said that its overall quarterly performance reflected its ability to drive growth across key segments while optimising capacity utilisation to strengthen sales, increase profitability and expand operating margins.
The domestic FMCG sector has faced sluggish urban growth over the past three quarters due to high food inflation and living costs, while rural markets continued to outpace urban demand consistently in the last four quarters, said Uflex.
On Monday, Uflex shares ended 5.3 per cent higher at Rs 481.1 apiece on BSE, as investors reacted to the earnings report.
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