{"id":2665,"date":"2016-08-18T11:41:12","date_gmt":"2016-08-18T06:11:12","guid":{"rendered":"http:\/\/www.uflexltd.com\/blog\/?p=2665"},"modified":"2022-04-11T11:40:54","modified_gmt":"2022-04-11T11:40:54","slug":"consolidated-net-profit-of-uflex-limited-jumps-by-13-to-rs-86-2-crore-in-q1-fy-2016-17-y-o-y","status":"publish","type":"post","link":"https:\/\/www.uflexltd.com\/blog\/consolidated-net-profit-of-uflex-limited-jumps-by-13-to-rs-86-2-crore-in-q1-fy-2016-17-y-o-y\/","title":{"rendered":"Consolidated Net Profit of UFlex Limited Jumps by 13% to Rs. 86.2 Crore in Q1 FY 2016-17 (Y-O-Y)"},"content":{"rendered":"

17 August 2016, Noida: India\u2019s largest global flexible packaging<\/strong> solution company UFlex Limited<\/strong> has reported a 13% jump in the consolidated net profit for the quarter ended 30 June 2016 as compared to the same quarter in the previous fiscal. The net profit for Q1 FY 2016-17 stood at INR 86.2 Crore as opposed to INR 76.2 Crore in the last financial year.<\/p>\n

Consolidated EBITDA for Q1 FY 2016-17 has been INR 228.4 Crore as compared to INR 219.3 Crore recorded in Q1 FY 2015-16, thereby clocking in a growth of 4%.<\/p>\n

Consolidated Net Revenue stood at INR 1538.70 Crore declining by 4% as compared to INR 1605.00 Crore recorded in Q1 FY 2015-16. While there has been a drop in Net Revenue caused by lower sales price owing to sliding raw material costs, the volumes during the quarter have grown by 3%.<\/p>\n

In an official newsletter released soon after declaring the earnings for Q1 FY 2016-17, Mr. Ashok Chaturvedi<\/strong><\/a>, Chairman and Managing Director, UFlex Limited<\/strong><\/a> said, \u201cThe new financial year has commenced on an exhilarating note with Product Innovation, Process Improvements, Technological Collaborations and Partnerships fortifying positive change. I am pleased to inform that we have inaugurated Fully Automatic Robotic Laser Engraving Line at our Noida facility in technical collaboration with M\/s. Think Lab, Japan. This has reduced the cumbersome process of manufacturing rotogravure printing cylinders<\/strong><\/a> to a single operator job while tremendously increasing both precision of job and the efficiency.<\/p>\n

In the month of June 2016 we exhibited at the most celebrated event of the print and cross media solution industry Drupa at Dusseldorf, Germany. The response has been overwhelming with a lot of interest by global clientele in the end-to-end flexible packaging<\/strong><\/a> solutions offered by UFlex<\/strong>. At the event, we announced technological collaboration with Comiflex SRL Italy for manufacturing geared and gearless C.I. Flexo Printing Machines<\/strong><\/a> at our Engineering Plant in India under a Technology Transfer Agreement with the latter.<\/p>\n

I am glad to share that we have also extended our existing alliance with Wave Front Technology Inc. to manufacture Fresnel lens packaging film<\/strong><\/a> at our manufacturing plant in Poland to cater to European and CIS countries.<\/p>\n

That said, the quarters lying ahead behold promising business prospects for your company and together we will cross several momentous milestones.\u201d<\/p>\n

Further upholding its commitment towards Mother Nature, UFlex<\/strong><\/a> has commenced interventions towards Natural Resource Conservation and Optimization of Ecosystem in two villages of Gautam Buddha Nagar District. This entails recharging the ground water-table through rainwater harvesting measures and improving the ecological quotient and greenery through focused plantation drives. These programmatic interventions are being carried out using the participatory rural appraisal mechanism.<\/p>\n

Various social and environmental initiatives undertaken by the company ensure continued business sustainability.<\/p>\n","protected":false},"excerpt":{"rendered":"

17 August 2016, Noida: India\u2019s largest global flexible packaging solution company UFlex Limited has reported a 13% jump in the consolidated net profit for the quarter ended 30 June 2016 as compared to the same quarter in the previous fiscal. The net profit for Q1 FY 2016-17 stood at INR 86.2 Crore as opposed to […]<\/p>\n","protected":false},"author":1,"featured_media":7812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[148],"tags":[],"class_list":["post-2665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/posts\/2665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/comments?post=2665"}],"version-history":[{"count":1,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/posts\/2665\/revisions"}],"predecessor-version":[{"id":7539,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/posts\/2665\/revisions\/7539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/media\/7812"}],"wp:attachment":[{"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/media?parent=2665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/categories?post=2665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uflexltd.com\/blog\/wp-json\/wp\/v2\/tags?post=2665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}