Shares of Uflex increased by 4%
New Delhi: To begin with, on Thursday’s trade, the shares of Uflex have surged by 4%. Earlier, the packaging company had posted a 56.07% rise in its consolidated net profit. So then, this stood at Rs 84.81 crores for the Dec quarter.
Besides, the company had posted a net profit of Rs 54.34 crores during the Oct-Dec quarter a year ago. Hence, by following the development, the stock had hit a high of 4.36% at Rs 236.45 on the Bombay Stock Exchange.
Also, the total income for the quarter has dropped to 9.07% at Rs 1,801.33 crores. Comparatively, in the same quarter last year, it stood at Rs 1,981.09 crores.
Besides, Global CFO Rajesh Bhatia stated that an overall operating EBITDA margin of 15% remained achieved for the quarter. Also, he added that the production, sales volume, and net revenue in Q3 stood lower marginally.
However, total production volume during the quarter stood at 93,161 metric tonnes (MT). Comparatively, during the Dec 2018 quarter, it stood at 96,876 MT. While the total sales volume for the quarter remained 91,842 MT. So then, this came up as against 94,229 MT in Dec 2018 quarter.
Also, the total expenses have dropped down to 11.77% at Rs 1,682.52 crores. So then, this stood against Rs 1,907.14 crores in a year-ago period.