Healthy volume and margin recovery seen in flexible and aseptic packaging businesses. Better numbers expected in the upcoming quarters
With over-supply issues largely behind, volumes and margins to improve in the coming period
Uflex Ltd., has registered the Consolidated net revenue for the March quarter of 2013 of Rs. 1240 crore as against Rs. 1175 crore for the same period last year, up 5.5% whereas the sales volume has grown by 13% due to availability of additional capacities at the new manufacturing facilities that commenced operations.
Finance Minister has adopted a very modest approach in preparing the Budget for the FY 2012-13 and largely focused on establishing a balancing act between GDP growth and fiscal deficit to the respective levels of 7.6% and 5.1% which seems to be more realistic targets to be achieved.