Highlights: Highest-ever quarterly Production & Revenue Posts Consolidated PAT of INR 264 crore, a growth of 34.4% YoY EBITDA increases by 19.3% YoY to INR 502 crore in Q1 FY22 Commissions 10.4mt wide BOPP film line in Hungary with 42,000 TPA production capacity The company continued with its growth momentum and posted a Consolidated Net Profit of INR 264 crore which surged by 34.4 % YoY and its Consolidated EBITDA stood at INR 502.4 crore, rising by 19.3% YoY to for Q1 FY2020-21. The Consolidated Total Revenue registered by the company for the first quarter of the fiscal 2021-22 was INR 2761.2 crore, an increase of 38.2% YoY. Total Production Volume during Q1 FY2021-22 was 138876 metric tonnes (MT) clocking a growth of 30% YoY whereas Total Sales Volume was 133476 MT, an increase of 29.8 % YoY. Commenting on the results, Rajesh Bhatia, Group President (Finance & Accounts) & CFO, UFLEX Ltd. said, "Despite the headwinds in raw material prices and freight costs, we maintained consistent supply chain operations and simultaneously focused on volume-led profitable growth backed by enhanced capacities from recently commissioned plants including Hungary BOPP plant which was commissioned during the quarter." Continuing, "The Flexible Packaging volumes were affected due to the second COVID-19 wave that struck India in Q1FY22. Our EBIDTA margins stood at 18.2% in Q1FY22 as compared to 21.1% in the same quarter last year." Ashok Chaturvedi, Chairman & Managing Director, UFLEX Ltd said, "UFLEX has been on the path to fulfill its vision to get closer to its patrons with manufacturing units across the world with BOPP line in Hungary commissioned and Nigeria set to be commissioned. With consumers getting more mindful of what and how they consume, the packaging industry needs to be proactive in developing sustainable packaging without compromising on convenience and functional attributes of plastic. UFLEX has progressed in developing green products and solutions such as biodegradable packaging, water soluble bags and more, which will not only meet the approval of consumers but also uplift their perception of flexible packaging industry." Result PDF