Uflex cracks after weak Q3 result

Uflex lost 3.36% to Rs 380 at 15:15 IST on BSE after consolidated net profit declined 29.49% to Rs 52.01 crore on 12.11% rise in total income to Rs 1679.76 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 7 February 2018.

Meanwhile, the S&P BSE Sensex was up 306.68 points, or 0.9%, to 34,389.39. The S&P BSE Small-Cap index was up 408.84 points, or 2.31%, to 18,140.47.

On the BSE, 89,000 shares were traded in the counter so far, compared with average daily volume of 24,939 shares in the past one quarter. The stock had hit a high of Rs 385.85 and a low of Rs 365 so far during the day. The stock had hit a record high of Rs 506.75 on 26 December 2017. The stock had hit a 52-week low of Rs 256.05 on 15 February 2017.

The stock had underperformed the market over the past 30 days till 7 February 2018, sliding 19.35% compared with the Sensex's 1.05% fall. The scrip also underperformed the market over the past one quarter, falling 12.17% as against the Sensex's 2.5% rise. The scrip, however, outperformed the market over the past one year, gaining 44.4% as against the Sensex's 20.48% rise.

The small-cap company has equity capital of Rs 72.21 crore. Face value per share is Rs 10.

Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) fell 5.6% to Rs 200.40 crore in Q3 December 2017 over Q3 December 2016 due to one-time product related cost of Rs 20.32 crore. Net profit fell in Q3 December 2017 over Q3 December 2016 due to higher interest and depreciation costs pertaining to Sanand plant.

Uflex is a leading fully-integrated multinational flexible packaging materials and solution company.

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