United Phosphorus posts 35% rise in profit for Oct-Dec

Agrochemicals manufacturer United Phosphorus (UPL) reported 35 per cent increase in its consolidated net profit to Rs 112.42 crore for the quarter ended December 31, 2011.

The company had reported a net profit of Rs 83.57 crore in the year-ago period.

The consolidated net sales of the company rose by 57 per cent to Rs 1,871.73 crore in the third quarter of the current fiscal compared to Rs 1,189.34 crore in the same quarter of the previous fiscal, it said in a filing to the BSE.

UPL's total consolidated expenditure rose by 58 per cent to Rs 1,658.92 crore in the October-December 2011 period from Rs 1,050.08 crore in the same period of the previous year.

The company has also approved the amalgamation of its overseas subsidiary United Phosphorus (Mauritius) with effect from July 1, 2011.

UPL is a global generic crop protection, chemicals and seeds company, headquartered in Mumbai.