UPL on Tuesday reported a 28.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended September at Rs 814 crore. But the profit was lower than ET Now poll of Rs 849 crore.
Consolidated revenue rose 18.4% YoY to Rs 12,507 crore, and was higher than ET Now poll of Rs 12,230 crore.
The robust growth in the topline was led primarily by higher realizations, which increased 21%, and a favorable exchange rate, which offset the 7% decline in volumes, the company said in a press release.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter rose 35% on year to Rs 2,768 crore, and operating margin expanded 278 basis points to 22.1%.
Improved realizations, better product mix along with efficient supply chain management drove the operational performance.
More to come...
Consolidated revenue rose 18.4% YoY to Rs 12,507 crore, and was higher than ET Now poll of Rs 12,230 crore.
The robust growth in the topline was led primarily by higher realizations, which increased 21%, and a favorable exchange rate, which offset the 7% decline in volumes, the company said in a press release.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter rose 35% on year to Rs 2,768 crore, and operating margin expanded 278 basis points to 22.1%.
Improved realizations, better product mix along with efficient supply chain management drove the operational performance.
More to come...
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