Uflex Ltd. has posted its fourth quarter results ending March 2011 on 29 April 2011. The company has recorded increase in consolidated net profit by 275.64 per cent to Rs. 18,121 lakh in the quarter ended March 2011 from Rs. 4,824 lakh in the quarter ended March 2010.
The increase in profit was driven by the rise in total income by 40.06 per cent, which has offset the increase in total expenditure by 18.86 per cent. The company recorded increase in total income to Rs. 98,578 lakh in the quarter ended March 2011 from Rs. 70,381 lakh in the corresponding quarter last year.
Moreover, the other income increased by 30.18 per cent to Rs. 660 lakh from Rs. 507 lakh in the quarter ended March 2010. Further, the total expenditure increased by 18.86 per cent to Rs. 72,949 lakh from Rs. 61,372 lakh in the quarter ended March 2010. The tax paid by the company rose to Rs. 3,675 lakh in the quarter ended March 2011 from Rs. 1,020 lakh.
The paid up equity share capital of the company stood at Rs. 7,218 lakh from Rs. 6,497 lakh in the corresponding quarter last year.
At 04:00 PM, on BSE, shares of the company at Rs. 186.15, up by 1.39 per cent against the previous close of Rs. 183.60. The shares of the company reached the day's high at Rs. 193.90 and day's low at Rs. 181.20. However, the stock had touched the 52-weeks high of Rs. 325.00 on October 26, 2010 and 52 weeks low of Rs. 106.80 on June 8, 2010.