Maintain FY18 growth guidance of 15%: Uflex

Uflex reported a subdued set of Q2 numbers. In an interview with CNBC-TV18 Rajesh Bhatia, Group President of Finance & Accounts of the company discussed the earnings.

He said , the process to get approvals for Sanand facility is taking time, so by last quarter of current year we may start delivering from that facility. FY19-20 will be key for that.

Speaking on FY18 guidance, he said in the first half they were able to crack some major accounts and the growth will come from those accounts. So, as of now they are maintaiing their FY18 growth guidance of 15 percent given earlier and will revisit it at the end of December quarter, he said.

On engineering business, Bhatia said that it is an integral part of overall things and it gives them an advantage that some of the other people in the packaging business do not have.