Quarterly Result: Uflex Ltd
Bhagyashree Vivarekar / 25 Nov 2016
Uflex Ltd. is currently trading at Rs. 262.85, up by 8.4 points or 3.3% from its earlier closing of Rs. 254.45 on the BSE. The company's net profit has soared 16.8% yoy to Rs 90.4 cr, anchored by 4% yoy decrease in effective tax rate.
Technical view:
Uflex Ltd., is currently trading at Rs. 262.85, up by 8.4 points or 3.3% from its earlier closing of Rs. 254.45 on the BSE.The scrip has touched a high and low of Rs. 263.85 and Rs. 255.9 respectively, after opening at 256.95. Altogether 225843(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Result:
Uflex Ltd., has reported its Q2FY17 numbers after market hours.
The quarter's revenue has surged marginally by 1.6% yoy to Rs 1535 cr.
Uflex's EBITDA has surged by 6.4% yoy to Rs 228 cr while EBITDA margins have widened by 66 bps yoy to 14.9%, triggered by 25.8% operational efficiency.
The company's net profit has soared 16.8% yoy to Rs 90.4 cr, anchored by 4% yoy decrease in effective tax rate.
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