Uflex Ltd, formerly known as Flex Industries, the UFLEX Group has Asia's largest state-of-the-art packaging plant and allied infrastructure at NOIDA (U.P.) spread over 70 acres.
The consolidated performance for the third quarter ended 31st December 2007 has been consistent. On a QoQ basis, net sales was up 17% at Rs.442.77 crore. Total expenditure was up 17% of which 65% of the cost was on account of raw material consumption. PBT was up 14% at Rs.37.03 crore and PAT rose also by 17% at Rs.29.06 crore. On an equity of Rs.55.73 crore, EPS was at Rs.5.25 on a face value of Rs.10 per share. So overall, it kept in line with its usual growth graph, nothing out of the ordinary.
The company is setting up a greenfield project at Mexico for manufacturing of Polyester Film to meet the growing demand of its product. The total cost has been estimated at US$40 million in the first phase to produce 26,000 tpa of flexible plastic film.
Its expansions at Dubai and also at the existing plants in India are in an advanced stage of completion and are expected to add on to the bottomlines in Q4 performance. Its plant at Dubai has a capacity of 26,400 tonnes per annum (TPA) of PF.
It has also undertaken another expansion in India to produce newly developed woven polypropylene bags, at an estimated cost of Rs.50 crore in its first phase.
Currently quoted at Rs.136, the stock remains steady though like all, it has slipped drastically from its January levels of Rs.253. Hold on.
The consolidated performance for the third quarter ended 31st December 2007 has been consistent. On a QoQ basis, net sales was up 17% at Rs.442.77 crore. Total expenditure was up 17% of which 65% of the cost was on account of raw material consumption. PBT was up 14% at Rs.37.03 crore and PAT rose also by 17% at Rs.29.06 crore. On an equity of Rs.55.73 crore, EPS was at Rs.5.25 on a face value of Rs.10 per share. So overall, it kept in line with its usual growth graph, nothing out of the ordinary.
The company is setting up a greenfield project at Mexico for manufacturing of Polyester Film to meet the growing demand of its product. The total cost has been estimated at US$40 million in the first phase to produce 26,000 tpa of flexible plastic film.
Its expansions at Dubai and also at the existing plants in India are in an advanced stage of completion and are expected to add on to the bottomlines in Q4 performance. Its plant at Dubai has a capacity of 26,400 tonnes per annum (TPA) of PF.
It has also undertaken another expansion in India to produce newly developed woven polypropylene bags, at an estimated cost of Rs.50 crore in its first phase.
Currently quoted at Rs.136, the stock remains steady though like all, it has slipped drastically from its January levels of Rs.253. Hold on.
Source: sptulsian.com
