Uflex shares soar nearly 9% after Q2 earnings

Shares of packaging company Uflex today zoomed nearly 9 per cent after it reported 16.76 per cent rise in consolidated net profit for the quarter ended on September 30, 2016.
The stock surged 8.45 per cent to end at Rs 285.05 on BSE. Intra-day, it jumped 10 per cent to Rs 289.20.
At NSE, shares of the company advanced by 8.71 per cent to settle at Rs 285.65.
Uflex on Friday reported 16.76 per cent rise in consolidated net profit to Rs 90.35 crore for the quarter ended on September 30, 2016.
The company had posted a net profit of Rs 77.38 crore for July-September quarter in the year-ago period, Uflex said in a BSE filing.

Its consolidated net sales were up 1.59 per cent to Rs 1,501.88 crore during the quarter under review as against Rs 1,478.23 crore in the corresponding period of the previous fiscal.