UPL Ltd., a agrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021.
Q1 Results- QoQ
The company’s net profit dropped 36.31% to Rs 677 crores ($91.1 million) for the period ended June 30, 2021 as against net profit of Rs 1,063 crores ($143 million) for the previous quarter.
Net sales declined 33.34% to Rs 8,563 crores ($1.15 billion) during the period ended June 30, 2021 as compared to Rs 12,845 crores ($1.72 billion) during the previous quarter.
Q1 Results- YoY
The company’s net profit grew 23% to Rs 677 crores ($91.1 million) for the period ended June 30, 2021 as against net profit of Rs 551 crores ($74.1 million) for the prior-year quarter.
Net sales increased 8.4% to Rs 8,563 crores ($1.15 billion) during the period ended June 30, 2021 as compared to Rs 7900 crores ($1.06 billion) during the prior-year quarter.
UPL is engaged in the business of manufacture and selling of agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals.