UFlex, one of India's largest multinationals in flexible packaging and solutions company, announced its consolidated financial results for the fourth quarter and full year that ended March 31, 2023. The company's unaudited results were approved by the Board of Directors in a meeting held 2 June 2023. FY23 Highlights Ashok Chaturvedi, chairman, and managing director, UFlex, stated, "In FY23, UFlex continued its growth momentum and achieved the highest-ever revenue of INR 14,784 crore. The packaging films industry witnessed new capacity additions at a time when demand was impacted, especially in the US and Europe, on account of global issues. However, the worst seems to be over, and we are witnessing an increase in both demand and prices globally. The European energy crisis also seems to be behind us, and gas prices have slumped." Talking about the ongoing work at the company, he added, "We are currently setting up PET chip resin manufacturing facilities in India and Egypt.