The company had posted a net profit of Rs 70.41 crore during the January-March quarter of the previous fiscal, Uflex said in a regulatory filing.
Uflex revenues could grow 12-15% in FY21, as new projects are commissioned during the year, Rajesh Bhatia, Group President (Finance & Accounts) & CFO UFlex told Moneycontrol
Total income during the quarter under review fell 9.07 percent to Rs 1,801.33 crore as against Rs 1,981.09 crore in the corresponding quarter of the previous fiscal.
With the patent issuance, the company gets exclusive right of manufacturing & sale of this special BOPET film in US, Europe and India.
It has already crossed one billion-mark in 2017-18 by registering a total consolidated income of Rs 6,808.53 crore (around USD 1.01 billion).
Films segment sales volumes grew by 8 percent while packaging segment sales volumes rose 12 percent in FY18.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, Uflex and Delta Corp.
Uflex reported a subdued set of Q-2 numbers. In an interview with CNBC-TV18’s Rajesh Bhatia, Group President of Finance & Accounts of the company discussed his Q2 results.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Uflex and can sell Voltas.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Motilal Oswal and Uflex and feels that Sun TV should move towards Rs 940.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Uflex and sell Bharat Forge and Vedanta.
Ashwani Gujral of ashwanigujral.com suggests selling Bharat Forge and Union Bank of India and advises buying Uflex.
Uflex reported a steady quarter this quarter with improvement in margins and profits. In an interview to CNBC-TV18, RK Jain, Group President-Finance of Uflex discussed the company's Q1 performance.
Bi-axially Oriented Polyamide (BOPA) Film (commonly known as Nylon) is characterised by high impact resistance and tensile strength, good stiffness and resistance towards fats, oils; dilute bases and acids. Although BOPA Film finds extensive use in food packaging, especially for fatty and oily food, distilled goods packaging, agricultural products packaging or medical products, its barrier with respect to gases deteriorates rapidly with increasing humidity.
The rally was broad based and more than 70 stocks hit a fresh 52-week high on the NSE which include names like Britannia Industries, RIL, Heritage Foods, Birla Corp, Rushil Décor, Tata Investments, Repro India, Hindalco etc. among others.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Interglobe Aviation, Gruh Finance, Uflex and Equitas Holdings.