Uflex Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 08:36 am EST
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Uflex Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 34,057.3 million compared to INR 33,877.6 million a year ago. Revenue was INR 3,848.8 million compared to INR 34,742.9 million a year ago. Net loss was INR 854.1 million compared to net income of INR 3,132.1 million a year ago. Basic loss per share from continuing operations was INR 11.83 compared to basic earnings per share from continuing operations of INR 43.37 a year ago. Diluted loss per share from continuing operations was INR 11.83 compared to diluted earnings per share from continuing operations of INR 43.37 a year ago.
For the nine months, sales was INR 111,377.4 million compared to INR 90,945.4 million a year ago. Revenue was INR 113,909.8 million compared to INR 92,716 million a year ago. Net income was INR 4,798 million compared to INR 7,479.8 million a year ago. Basic earnings per share from continuing operations was INR 66.45 compared to INR 103.58 a year ago. Diluted earnings per share from continuing operations was INR 66.45 compared to INR 103.58 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.