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On the back of robust GDP growth, UFlex’s business in India and the Americas region continued to deliver solid performance.
February 14, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
UFlex Limited, India’s largest multinational flexible packaging and solutions company, reported Q3 FY24 unaudited consolidated net revenue of Rs. 33,454 million ($4.03 billion), down 1.3% QoQ and 4.3% YoY, for the first nine months of FY 2024. Consolidated adjusted EBITDA stood at Rs. 4,258 million ($512 million), down 0.4% QoQ and up by 4.3% YoY. EBITDA margin is 12.7%, up by 70 BPS QoQ and 50 BPS YoY. Q3 FY24 maintained steady growth in volume and profitability at $2 billion. The comp...
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