UPL Q1 profit rises 35% at Rs 288.6 crore

Generic crop protection, chemicals and seeds company UPL (earlier known as United Phosphorous) reported a 35% growth in consolidated net profit at Rs 288.6 crore in April-June quarter of current financial year 2014-15 compared to Rs 212.6 crore in same quarter last year. The company’s net sales grew 12% to Rs 2,720 crore against Rs 2,410 crore in a year ago period. Operating profit (EBITDA) increased by 19% on yearly basis to Rs 492 crore and margin expanded by 100 basis points to 18.1% in the quarter ended June 2014. The company has an exceptional gain of Rs 36 crore during April-June quarter.

 

The company’s Indian operations grew 23% year-on-year during the quarter, North American operations grew 19%, Latin America 8%, and Europe 1%, while operations in rest of the world contracted 2%.