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UFLEX Diversified 12 Feb 2026

Uflex Ltd — Q3 FY26

Uflex reported Q3 FY26 revenue of ₹3,633 crore, down 3.8% YoY due to volume softness and pricing pressure from US tariff uncertainty and GST transition.

neutral medium
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Revenue ₹3,633 Cr -3.8%
EBITDA ₹460 Cr +9.7%
PAT ₹36 Cr
EBITDA Margin 12.7% +180bps
Duration 60 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

High debt leverage

Net debt remains elevated at ~₹8,000 crore; management expects leverage to plateau but no absolute debt reduction in near term.

high · analyst_question
R

US tariff uncertainty and pricing pressure

US tariff-related uncertainty led to reorientation of exports and pricing pressure in packaging films, impacting utilization and margins.

medium · management_commentary
R

Slow ramp-up of new projects

New projects (Egypt, recycling, Mexico) may take time to reach full capacity utilization, delaying expected revenue and margin benefits.

medium · data_observation
R

EPR implementation delays

Government has pushed out EPR mandates, delaying potential benefits for recycling investments.

low · management_commentary