Uflex Ltd, a local packaging company, jumped Friday after the company said that fiscal first quarter group profit climbed 22% on strong sales.
Group profit climbed to Rs 756 million in the Apr-Jun quarter from Rs 620 million in the same period a year ago.
Group sales jumped Rs 15.69 billion in the first quarter from Rs 14.95 billion in the same period a year ago.
Total expenses declined 3% to Rs 14.56 billion while finance costs dropped 4.2% to Rs 467.8 million in the same period a year ago.
At 11:25AM, shares of Uflex jumped 3.2% to Rs 180.80 on the Mumbai stock exchange.
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