End-to-end packaging solutions provider Uflex today clocked 59% rise in consolidated first quarter net profit at Rs 96 crore on higher sales.
The company had recorded Rs 60.5 crore net profit in the April-June period of last fiscal, it said in a statement.
Net sales of the company increased to Rs 1,124.7 crore during the quarter from Rs 684.8 crore in the corresponding quarter last fiscal.
"The higher revenue growth has come on the back of traction in demand and corresponding manufacturing capacities across our facilities in Egypt, Mexico, Dubai and India," its Chairman and Managing Director Ashok Chaturvedi said.
"Uflex is continuously adding manufacturing lines for new product categories at the existing facilities to further strengthen its foothold in the flexible packaging market globally which is evident from our growing revenues and profits year after year," he added.
