Uflex

Packaging stocks rally up to 11% post Q1; Uflex, Polyflex hit 52-week highs

Uflex said the packaging films business gained substantial momentum in Q1FY25 quarter, fueled by improved contribution margin in India

Uflex Ltd Q1 results: Net loss reduces to Rs 98.43 cr, revenue rises 12%

Packaging materials and solution company Uflex Ltd on Monday said its consolidated net loss narrowed to Rs 98.43 crore in the first quarter ended June 2024. The company had posted a net loss of Rs 270.95 crore during the April-June quarter a year ago, according to a regulatory filing from Uflex. Its revenue from operation was up 12.13 per cent to Rs 3,653.75 crore in the June quarter. It was at Rs 3,258.26 crore in the corresponding period of the previous fiscal. Uflex's total expenses increased 9.41 per cent in the June quarter to Rs 3,577.45 crore. Its revenue from 'Flexible Packaging Activities' was up 11.82 per cent to Rs 3,572.11 crore in the June quarter. Uflex's revenue from engineering activities was up 40.41 per cent to Rs 115.13 crore in the June quarter. The total income rose by 12.33 per cent to Rs 3,682.52 crore. Group president and CFO Rajesh Bhatia said: "We had a good first quarter, and are on track for a strong recovery in the global packaging films business bot

IIFL Fin, LTIM, Deep Industries among seven stocks to watch on June

Stocks to watch on June 05: Deep Industries secured a letter of award from Oil and Natural Gas Corporation (ONGC), Kakinada, for hiring DPDU (GDU) for processing gas for 10 months

HDFC Bank, Adani Ent, IEX among 6 stocks to cross 200-DMA in last 2 days

Overall, as many as 464 stocks among the Nifty 500 were seen trading above the 200-DMA highlighting the underlying positive sentiment in the market.

HDFC Bank, Uflex among 5 oversold stocks you should avoid accumulating

The trend among stocks in oversold regions remains highly fragile and could see more downside ahead

Uflex Q4 profit falls to Rs 83 lakh, revenue down 14% to Rs 3,320 cr

Packaging material manufacturer Uflex Ltd on Tuesday reported a 99.7 per cent decline in its consolidated net profit to Rs 83 lakh for the fourth quarter ended March 31, 2023 due to currency exchange losses. The company had posted a net profit of Rs 350.59 crore during the January-March quarter a year ago, Uflex said in a regulatory filing. Its revenue from operation was down 14 per cent to Rs 3,320.18 crore during the quarter under review as against Rs 3,861.86 crore in the corresponding period of the previous fiscal. Uflex's total expenses were at Rs 3,306.15 crore, down 4.37 per cent in the last quarter of FY23, as against Rs 3,457.39 crore. Its total income in the March quarter was at Rs 3,393.51 crore, down 14.15 per cent. For the fiscal ended March 2023, Uflex's net profit fell 56.27 per cent to Rs 480.76 crore from Rs 1,099.43 crore in FY22. "The profitability in FY23 was impacted by unprecedented currency devaluation in Egypt and currency exchange loss on account of the U

Income Tax dept concludes raids at premises of Uflex after 6 days

Tonnes of documents, 120 hard disks and 50 diaries containing information related to bogus transactions have been recovered during the raids

Uflex down 25% in 1 wk on tax raid report, hits lowest level since May 2021

Shares of Uflex India tumbled 15 per cent to Rs 366 on the BSE in Monday's intra-day trade

I-T raids over 70 locations of Uflex company, Rs 1.50 cr in cash recovered

The officials found 20 bank accounts belonging to people from the economically weaker section of the society with transactions ranging from Rs 5-50 crore

I-T depatment searches packaging major Uflex premises across country

The Income Tax Department on Tuesday conducted searches at multiple premises linked to packaging major Uflex as part of an alleged tax evasion investigation against the company, officials said. Around 60-70 premises, including the company offices and linked premises in Delhi, Noida (Uttar Pradesh), Jammu and Kashmir, Gujarat, West Bengal, Tamil Nadu, Karnataka, are being covered, they said. No immediate reaction from the company on PTI's queries was available. According to the company's information available on its e-portal, it is "India's largest flexible packaging materials and solutions company and a leading global polymer sciences corporation.

Uflex drops 4%, hits 52-wk low on report of Income-Tax raid at Noida office

According to several media reports, the Income Tax department was conducting a raid at the office of Uflex in Noida, alleging that the company has issued several bogus bills

A straw in the wind from packaging company UFlex set to benefit FMCGs

It is gearing up to make the six billion paper straws per annum needed by FMCG companies

Uflex zooms 19%, hits record high on robust March quarter results

In Q4FY21, Uflex's consolidated Ebitda jumped 87 per cent YoY to Rs 516.4 crore while margins improved to 20.1 per cent from 15.6 per cent in Q4FY20

Packaging stocks hit new highs; Jindal Polyfilms, Uflex surge up to 10%

Jindal Polyfilms has hit a new high, surging 10 per cent at Rs 941 on the BSE in the intra-day trade. The stock has zoomed 91 per cent in the past 10 trading days of the March

Nifty needs to close below 12,790 to negate bullish set-up: HDFC Securities

Midcaps are likely to continue their outperformance for the coming days

UFlex jumps 9%, scales fresh 52-week high as Q1 profit grows two-fold

Due to the Covid-19 pandemic, flexible packaging has gained much more importance, the company said

Uflex net profit jumps over two-fold to Rs 196.54 crore in June quarter

Packaging materials and solution company Uflex Ltd on Tuesday reported over two-fold jump in its consolidated net profit at Rs 196.54 crore

UFlex partners with IIT Delhi to develop PPE Coverall; stock surges 17%

UFlex is participating in the tender of various government requirements to supply the PPE Coveralls

Uflex rises 7% as global arm FlexFilms gets US patent for film packaging

Shares of Uflex rose as much as 6.8 per cent to Rs 297 apiece on BSE in the intra-day trade on Tuesday, after the company announced that FlexFilms has been granted US patent for film packaging.

Uflex forays into flexible liquid packaging with Rs 5.8-bn Sanand plant

With the patent period for flexible liquid packaging ending, Indian packaging major Uflex Limited has commissioned its first liquid packaging facility at Sanand for an investment of Rs 5.8 billion. With an annual production capacity of seven billion packs from Sanand, Uflex has begun talks with major soft drink, juice and other FMCG players for supply. Already, Delhi-based Bankey Bihari Foods' Fresca brand of juices have already begun using the holographic packaging from this month.Apparently, leading global packaging player Tetra Pak held the patent which expired recently, paving way for Uflex to foray into the same. "We already package powder, semi-liquid (viscous), solids, semi-solids but not liquids so far. With Sanand, we have ventured into flexible liquid packaging. We waited for patent period to get over and this was the right time to enter. However, we have also brought in innovation in form of Asepto Holographic Packaging," said Ashwani Kumar Sharma, President & CEO, New .