UPL Q2 net profit up by 18.72%

Agrochemicals major UPL Ltd today reported 18.72 per cent increase in consolidated net profit at Rs 166.16 crore for the second quarter of this fiscal on account of rise in income.
The company had clocked a net profit of Rs 139.95 crore in the year-ago period.
Total income during July-September quarter was Rs 3,657.59 crore compared with Rs 3,134.70 crore in the same period of the last fiscal, the company said in a BSE filing.
The company's expenses remained higher at Rs 3,186.88 crore as compared to Rs 2,764.31 crore in the said period.
UPL, formerly known as United Phosphorus Ltd, has 10 manufacturing sites in India and one each in the UK, Vietnam, the Netherlands, Italy and China.

Besides, it has four manufacturing sites in France, two in Spain and three in Argentina.

The Mumbai-based company has two other listed firms - Advanta and UEL.
In November last year, UPL had announced merger of Advanta with itself as part of its strategy to provide all agri-solutions through single entity.
Fair trade regulator CCI has already approved the proposed merger of seed firm Advanta with UPL. Post-merger, UPL's geographical reach would expand and result in cost savings of Rs 90 crore annually.