UFlex rises above challenges to post best-ever performance in Q4FY21 & FY2020-21

UFlex Ltd, India’s largest multinational flexible packaging company and a global player in polymer sciences, today declared its earnings for the quarter ending March 2021 and fiscal 2020-21. The company posted strong numbers with surge in Consolidated Net Profit of 163% YoY to INR 264.7 crore in Q4FY 2020-21 and Consolidated EBITDA jumped by 87% YoY to INR 516.4 crore. Consolidated Revenue for the last quarter of fiscal 2020-21 stood at INR 2571.8 crore, an increase of 45.1% YoY. The company also declared a dividend of 25%.
With packaging taking the center stage in pandemic affected last year, UFlex rose above the challenges to post exemplary performance in FY2020-21. The company witnessed a rise in demand for packaging materials and ancillary businesses while also adding newer clients. This is evident by the rise in Total Production Volume by 33.7% YoY in Q4 FY2020-21 that stood at 126822 metric tonnes (MT) whereas Total Sales Volume for the quarter clocked in at 136429 MT, an increase of 43.5% YoY. For the full year 2020-21, Total Production Volume stood at 463065 MT and Total Sales Volume was 462418 MT, growth of 21% and % 21.5% respectively on YoY basis.