UPL Limited Reports Un-Audited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Ended December 31, 2013
January 24, 2014 at 04:03 am EST
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UPL Limited reported un-audited consolidated and standalone earnings results for the third quarter and nine ended December 31, 2013. For the quarter, on consolidated basis, the company reported total income from operations of INR 26,468.7 million compared to INR 22,942.4 million, profit from operations before other income, finance cost, prior period adjustments and exceptional items of INR 2,607.1 million compared to INR 3,069.2 million, profit from ordinary activities before tax of INR 2,615.0 million compared to INR 2,348.4 million and net profit from ordinary activities after tax of INR 2,093.7 million or INR 5.02 per basic and diluted share compared to INR 1,663.2 million or INR 3.85 per basic and diluted share for the last year.
For the nine months, on consolidated basis, the company reported total income from operations of INR 74,320.7 million compared to INR 63,653.7 million, profit from operations before other income, finance cost, prior period adjustments and exceptional items of INR 10,598.0 million compared to INR 8,661.1 million, profit from ordinary activities before tax of INR 7,385.8 million compared to INR 6,580.0 million and net profit from ordinary activities after tax of INR 5,804.5 million or INR 13.32 per basic and diluted share compared to INR 4,712.3 million or INR 10.89 per basic and diluted share for the last year.
For the quarter, on standalone basis, the company reported total income from operations of INR 11,456.0 million compared to INR 10,850.4 million, profit from operations before other income, finance cost and exceptional items of INR 986.9 million compared to INR 672.8 million, profit from ordinary activities before tax of INR 909.0 million compared to INR 705.3 million and net profit from ordinary activities after tax of INR 724.4 million or INR 1.64 per basic and diluted share compared to INR 475.9 million or INR 1.06 per basic and diluted share for the last year.
For the nine months, on standalone basis, the company reported total income from operations of INR 37,739.2 million compared to INR 30,194.7 million, profit from operations before other income, finance cost and exceptional items of INR 4,374.2 million compared to INR 2,922.1 million, profit from ordinary activities before tax of INR 4,957.1 million compared to INR 3,603.2 million and net profit from ordinary activities after tax of INR 3,818.0 million or INR 6.63 per basic and diluted share compared to INR 2,565.5 million or INR 5.63 per basic and diluted share for the last year.
UPL Limited is one of the world's leading producers of agrochemicals, specialty chemicals and industrial chemicals. Net sales break down by activity as follows:
- sales of agricultural and phytosanitary products (95.7%): seeds (vegetable seeds, soybean seeds, corn seeds, sunflower seeds, canola seeds, etc.), crop protection products (herbicides, insecticides and fungicides), pest control products, soil fumigants, etc. ;
- sales of industrial chemicals and specialty products (4.2%);
- other (0.1%).
At the end of March 2021, the group operated 43 production sites worldwide.
Net sales are distributed geographically as follows: India (12.1%), Latin America (38.4%), North America (14.7%), Europe (16.6%) and other (18.2%).