Uflex share price jumps 19% on strong Q4 earnings

Total production volume rose by 33.7 percent YoY to 126,822 metric tonnes (MT) whereas total sales volume for the quarter clocked in at 136,429 MT, an increase of 43.5 percent YoY.

“Although the quarter witnessed a steep increase in raw materials prices coupled with availability issues, we managed to deliver a strong performance to wrap up the year. Our EBIDTA margins for Q4 FY20-21 improved to 20.1% vs 15.6% for the same quarter last fiscal,” said Rajesh Bhatia, Group CFO at UFlex.

The company also announced the doubling of its aseptic packaging capacity at its plant in Sanad, Gujarat with an investment of Rs 120 crore.

“In FY22, I expect higher volumes from our newly set-up capacities and shall strive to maintain EBITDA margins of 20 percent,” Bhatia said.

The company also declared a dividend of 25 percent or Rs 2.50 per equity share of Rs 10 each for the financial year ended March 31, 2021.

At 9:55 am, the shares of Uflex were trading 15.69 percent higher at Rs 552.35 apiece on the BSE.