Uflex Q2 net up 19% to Rs 77.7 crore

Packaging company Uflex has reported a rise of 19.39% in consolidated net profit to Rs 77.74 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 65.11 crore for the July-September quarter of the previous fiscal, Uflex said in a filing to the BSE.

However, its total income on consolidated basis was down 8.10% to Rs 1,524.87 crore during the quarter as against Rs 1,659.38 crore in the year-ago period.

Uflex's consolidated net profit for the first half of FY 2015-16 was up 19.18% to Rs 153.92 crore as against a net profit of Rs 129.14 crore in the same period a year ago.

However, its total income during the first half of the current fiscal was down 2% to Rs 3,125.50 crore as against Rs 3,189.48 crore in the same period a year ago.

Shares of Uflex were trading at Rs 179.70 at 1114 hrs, down 0.22% from previous close.