Uflex Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 10, 2024 at 09:44 am EST
Share
Uflex Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 32,689.2 million compared to INR 34,057.3 million a year ago. Revenue was INR 33,453.8 million compared to INR 34,964 million a year ago. Net loss was INR 672.2 million compared to INR 854.1 million a year ago. Basic loss per share from continuing operations was INR 9.31 compared to INR 11.83 a year ago. Diluted loss per share from continuing operations was INR 9.31 compared to INR 11.83 a year ago.
For the nine months, sales was INR 97,862.9 million compared to INR 111,377.4 million a year ago. Revenue was INR 100,130.6 million compared to INR 113,909.8 million a year ago. Net loss was INR 4,200.9 million compared to net income of INR 4,798 million a year ago. Basic loss per share from continuing operations was INR 58.18 compared to basic earnings per share from continuing operations of INR 66.45 a year ago. Diluted loss per share from continuing operations was INR 58.18 compared to diluted earnings per share from continuing operations of INR 66.45 a year ago.
UFLEX Limited is an India-based flexible packaging materials and solutions company. The Company operates through two segments: Flexible Packaging Activities and Engineering Activities. The Flexible Packaging Activities segment is engaged in manufacturing and exporting a wide variety of products such as flexi-tubes, lids, confectionery foils, and others. The Engineering Activities segment is engaged in manufacturing packaging, printing, and allied machines. Its business consists of aseptic liquid packaging, flexible packaging, packaging films, chemicalâs business, printing cylinders, engineering business and holography business. It manufactures a variety of flexible packaging films, such as biaxially oriented polypropylene (BOPP) films, biaxially oriented polyethylene terephthalate (BOPET) films, cast unoriented polypropylene (CPP) film, metalized films, alox coated films and post-consumer recycled content (PCR) grade polyethylene terephthalate (PET) films asclepius.