UPL consolidated net profit up 5% in Q1 FY2013

India Agro chemical firm United Phosphorus recently posted 4.8 % increase in consolidated net profit to Rs 212.65 crore compared with the Rs 202.91 crore of prior year in the first quarter ended June 30, 2013 on account of better performance of its agro business.

Total income of the company increased by 10.51% to Rs 2,455.79 in the first quarter of FY2013 versus Rs 2,222.15 crore of the same period last year.

The business activities of the company are divided into two parts agro activities and non-agro activities.

Profit from the agro activities of the company increased by 44 % to Rs 278.43 crore compared with Rs 193.47 crore of last year.

However, the company reported fall in the profits from its non-agro activities to Rs 20.79 crore during the first quarter of FY2013 from Rs 31.82 crore in the corresponding period of FY2012.

United Phosphorus have 23 manufacturing sites in total out of which nine are in India, four in France, two in Spain, three in Argentina, one each in UK, Vietnam, Netherlands, Italy and China.