Uflex Ltd Sees Revenue Growth Amid Quarterly Loss

Uflex Ltd, a prominent packaging materials firm, reported a net loss of Rs 64.58 crore for Q2 2024, despite a revenue increase to Rs 3,781.03 crore. The company is expanding operations at the Sanand facility and globally, aiming for growth in fiscal year 2025 and beyond.

Uflex Ltd, noted for its packaging materials and solutions, has reported a consolidated net loss of Rs 64.58 crore for the second quarter ended September 30, 2024. This loss contrasts with a net profit of Rs 63.31 crore in the same quarter last year, as revealed in a regulatory filing.

Despite the loss, Uflex's revenue rose by 14.66% to Rs 3,781.03 crore. The company's total expenses increased by 15.60%, while total income grew by 13.68% from the previous year. Sales volume for packaging films rose by 14.6%, yet flexible packaging saw a slight decline in sales by 0.7%.

Looking forward, Uflex plans to expand its Sanand facility and other global operations, aiming to boost revenue and profitability in fiscal year 2025. The company remains a key player in the global flexible packaging sector, with operations spanning across multiple countries including India and the USA.

(With inputs from agencies.)