Uflex aims at improving future performance

Uflex has come out with impressive set of numbers for Q1FY17 with operation profits and net profits improving as compared to the corresponding quarter of the previous year.

R.K.Jain, CFO, Uflex Limited has hinted that the coming quarter will be better in terms of efficiency and profitability. There are several initiatives taken by the company in terms of technical collaboration and in-house technological improvement, which not only aims at improving the productivity of the company but also will help improve the margins for the company in the long run.

Jain also clarified that the consolidated net revenues are down by 4 per cent in value terms only; and that the volumes have actually shown an uptick. Due to lowering raw material prices the product prices were adjusted accordingly, and hence the net revenue is lower. Jain confirmed that the operational performance is intact and the company is well on its growth trajectory.

As far as new clientèle the company is confident of adding 10 to 15 clients on a monthly basis. These are net additions and over a quarter the company expects to add approximately 25-30 clients. 

The stock closed at Rs 233.80 per share on Friday.