UPL Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 6.4% to Rs 6.34 billion for the period ended September 30, 2021 as against net profit of Rs 6.77 billion for the previous quarter.
Net sales increased 24% to Rs 106.14 billion during the period ended September 30, 2021 as compared to Rs 85.63 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 36.9% to Rs 6.34 billion for the period ended September 30, 2021 as against net profit of Rs 4.63 billion for the prior-year quarter.
Net sales increased 17.8% to Rs 106.14 billion during the period ended September 30, 2021 as compared to Rs 90.14 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit increased 29.3% to Rs 13.11 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 10.14 billion for the prior-year 6 months period.
Net sales increased 13.4% to Rs 191.77 billion during the 6 months period ended September 30, 2021 as compared to Rs 169.14 billion during the prior-year 6 months period.
Jai Shroff, CEO of UPL said, “UPL is committed to a goal to reimagine sustainability. In September 2021, we signed the Climate Pledge. UPL is committed to reducing the atmospheric Co2 equivalent by 1 Gigaton by 2040. We are driving the adoption of digital solutions in agriculture through our digital platform and have onboarded 1.4 million farmers in India to date. We continue to make long-term strategic investments in this digital platform to transform agriculture in India and around the world.”
UPL Ltd is engaged in the business of manufacture and selling agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals.