InvestorQ : How do you see the good numbers posted by Uflex in the Jun-20 quarter?
vaishnavi mhatre made post

How do you see the good numbers posted by Uflex in the Jun-20 quarter?

Answer
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vidhya Laxmi answered.
1 month ago


India’s leading flexible packaging company, Uflex, has reported stellar numbers for the Jun-20 quarter. The net profit of the company jumped by 2-fold to Rs.197 crore in the quarter on a YOY basis. . Total income was marginally higher in the quarter at Rs.1998 crore.

COVID had actually turned into a blessing in disguise for the company. Uflex management affirmed that due to the COVID-19 pandemic, general attitudes and approaches of people towards packaging had changed drastically to the favour of the company.

Hygiene factors and social distancing requirements stipulated by the government sharply enhanced the demand for flexible packaging products. After all, it was always safer to have your packages picked up and dropped in neat flexible packaging.

There was visible volume growth too for the company. In fact, the total production volumes for the quarter were up 13.44% on a YOY basis. This was largely on the back of robust institutional demand from corporates. This is likely to be beneficial for the stock performance.