Latest News | UPL Posts Rs 828-cr Profit in Q3

Mumbai, Jan 31 (PTI) Global provider of sustainable agriculture products and solutions UPL on Friday reported a consolidated net profit of Rs 828 crore for the December quarter.

The company had reported a loss of Rs 1,217 in the year-ago period, UPL said in a regulatory filing.

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Revenue from operations of the company rose 10 per cent during the quarter under review at Rs 10,907 crore, compared to Rs 9,887 crores in the same quarter of the previous year.

"We are seeing strong bounce back versus last year, with normalisation of business, and recovery of volumes and prices. This has helped in regaining our contribution margins back to our previous higher levels... With this strong performance, we are confident of delivering our EBITDA and free cash flow guidance for the full year," UPL Chairman and Group CEO Jai Shroff said.

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Shares of the company on Friday closed at Rs 603.30, up 6.28 per cent on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)