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Uflex Starts Q1 FY2019-20 with a Steady Performance

Reports 8.7% rise in consolidated EBITDA and 11.7% increase in stand-alone EBITDA year-on-year for Q1 FY2019-20.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Uflex Ltd. declared its earnings for the quarter ended June 30, 2019 and reported. Consolidated revenue grew by 3.6% to INR 1982 crore in Q1 ($278 million) and EBITDA rose by 8.7% to INR 277.3 crore ($39 million) year on year. The consolidated net profit dropped by 3.6% year on year to 90.7 crore ($12.7 million) for Q1 FY2019-20, due to higher tax provision.   “This quarter while our total production volume was almost constant at 100814 MT year on year basis, packaging production volume was up b...

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