UPL Q2FY19 profit rises 14 per cent

UPL reported its results for the quarter ended September 30, 2018 during market hours.

The company's consolidated revenue for the quarter came in at Rs. 4257 crore as against Rs. 3770 crore in the corresponding quarter last year, registering an increase of 12.9 per cent YoY. This was driven by jump in revenue from agro activities and non-agro activities by 13.5 per cent YoY and 14.4 per cent YoY, respectively.
  
The EBITDA for the quarter rose by 16.2 per cent YoY to Rs. 787 crore as against Rs.  677 crore in the corresponding quarter last year, with a corresponding margin expansion of 53 bps. The EBITDA margin for the quarter stood at 18.5 per cent.

The PAT for the quarter came in at Rs. 270 crore as against Rs. 237 crore in the corresponding quarter last year, yoy increase of 14 per cent.

UPL Ltd, with a portfolio of agro-chemical products, is a global player of crop protection products and is spread across geographies and crops.

Today, the stock opened at Rs. 605 and with the announcement of the quarterly numbers, it declined by 2 per cent and made an intra-day low of Rs. 585.50. However, after struggling, the stock shot up by 4.6 per cent and made an intra-day high of Rs. 626.15 on the BSE.