The packaging materials company reported an over two-fold jump in consolidated net profit at Rs 264.95 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 100.90 crore during the January-March period a year ago.
Shares of Uflex soared 19 per cent to Rs 570 on Wednesday. However, the counter was trading at Rs 552 at 10.10 am. BSE Sensex was trading 174.48 points, or 0.33 per cent, at 52,724.14 at the same time. The counter settled at Rs 477.45 on Tuesday.
Total income rose 45.05 per cent to Rs 2,571.77 crore as against Rs 1,773 crore in the corresponding period of the previous fiscal. Total expenses stood at Rs 2,235.47 crore in Q4 FY 2020-21, up 35.32 per cent from Rs 1,651.94 crore earlier.
For the full fiscal 2020-21, Uflex reported a two-fold rise in consolidated net profit at Rs 843.68 crore. It had posted a net profit of Rs 370.88 crore in the previous year. Revenue from operations was at Rs 8,914.86 crore in FY 2020-21, up by 19.96 per cent.
In a separate filing, Uflex said its board has recommended a dividend of 25 per cent, that is Rs 2.50 per equity share, for the financial year ended March 31, 2021.
