Flexible packaging firm Uflex Ltd has registered a growth of 277 per cent in its consolidated net profit for the fourth quarter ended March 31, 2011 at Rs 181 crore as against Rs. 48 crore for the same period last year.
The firm's consolidated revenue for the March quarter of stood at Rs 947 crore as against Rs 679 crore for the same quarter last year, up 40 per cent. For the financial year ended March 31, 2011, Uflex recorded net revenue at Rs 3,410 crore against Rs 2,314 crore in the same period in previous fiscal, up 47 per cent. The consolidated net profit stood at Rs 695 crore against Rs 190 crore for the corresponding period last year, on the back of strong demand trends globally and increasing manufacturing capacities across its facilities in Egypt, Mexico, Dubai and India.