UFlex turnover rises by 20% in the pandemic year

UFlex, the Noida-headquartered global packaging film, materials, consumables, and equipment manufacturer, has released its results for the financial year ended on 31 March 2021 on a highly positive note. The company’s sales rose to Rs 8,890 crore (approximately US$ 1.2 billion) in FY 2020-21 in comparison to the slight dip the company experienced in the previous year’s sales at Rs 7,404 crore. (FY 2018-19 sales were at Rs 7,957 crore.) In addition, its net profit has more than doubled to Rs 843 crore (approximately US$ 114 million) in FY 2020-21 from Rs 370 in FY 2019-20, an increase of 127.8%. The company was in the midst of expansion in several activities when the Covid-19 pandemic struck. Despite the total lockdown from 25 March 2020, it maintained operations throughout as a supplier to the essential goods supply chain. In addition, it produced PPG and sanitizer and new format containers for sanitizers from consumer product companies in the early days of the pandemic. Throughout the year it kept on developing packaging materials and formats, improved its filling…

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