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UFlex reports strong sales volume in packaging films

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UFlex Limited has announced its unaudited consolidated net revenue for Q1 FY25 at INR 36,825 million. This represents a 12.3% increase YoY and a 5.3% increase QoQ. The operational EBITDA for the quarter was INR 4652 million, reflecting a significant 45% increase YoY and a 2.2% increase QoQ. The operational EBITDA margin stands at 12.6% in the quarter versus 13% in Q4 FY24 and 9.8% in Q1 FY24. Commenting on the results, Ashok Chaturvedi, Chairman and Managing Director, UFlex Limited, said, “We had a strong quarter, especially in the packaging films and solutions segment where we have seen both year-on-year and quarter-on-quarter growth in volumes coupled with growth in margins. The PET chips plant in Panipat, India, which was commissioned in March 2024 has achieved 65% capacity in the first quarter of its operations. We have seen a revival in the demand for packaging films across global markets. Our aseptic business continues on the growth path, we continue to see good traction for our holography products and solutions, and we are driving good growth across all our business segments.”

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