Uflex shares soar nearly 9% after Q2 earnings

Image
Press Trust of India New Delhi
Last Updated : Nov 28 2016 | 7:42 PM IST
Shares of packaging company Uflex today zoomed nearly 9 per cent after it reported 16.76 per cent rise in consolidated net profit for the quarter ended on September 30, 2016.
The stock surged 8.45 per cent to end at Rs 285.05 on BSE. Intra-day, it jumped 10 per cent to Rs 289.20.
At NSE, shares of the company advanced by 8.71 per cent to settle at Rs 285.65.
Uflex on Friday reported 16.76 per cent rise in consolidated net profit to Rs 90.35 crore for the quarter ended on September 30, 2016.
The company had posted a net profit of Rs 77.38 crore for July-September quarter in the year-ago period, Uflex said in a BSE filing.
Its consolidated net sales were up 1.59 per cent to Rs 1,501.88 crore during the quarter under review as against Rs 1,478.23 crore in the corresponding period of the previous fiscal.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 28 2016 | 7:42 PM IST

Next Story