UPL Q1 net up 10% at Rs 202.91 crore

Indian agrochemical producer United Phosphorus (UPL) reported 10% rise in its consolidated net profit at Rs 202.91 crore for the quarter ended June 30 on the back of higher sales.

The company had posted a net profit of Rs 184.31 crore in the year-ago period.

The total income from operations rose by 19 per cent at Rs 2,214.21 crore during April-June quarter of 2012-13 fiscal as against Rs 1,854.22 crore in the corresponding period of last year, according to the company's BSE filing.

The company's share price closed at Rs 124.45 on BSE, up by 0.97% from previous closing.

In 2011-12 fiscal, the company had posted a consolidated net profit of Rs 555.55 crore over a revenue of Rs 7,654.72 crore.

United phosphorus is a global generic crop protection, chemicals and seeds company.

Recently, the company announced acquisition of a Dutch firm Agrichem along with all tangible and intangible assets, IPR, product registrations, brands, distribution network and manufacturing facilities.

Agrichem is engaged in the production, marketing and selling of crop protection products in the European agro-chemicals market.