You are here: Home » Companies » Results
Business Standard

Agro-chemical firm UPL Q3 profit grows 25% at Rs 1,179 crore

Agro-chemical firm UPL on Monday reported 24.89 per cent growth in consolidated net profit at Rs 1,179 crore for December quarter 2021-22.

Topics
UPL | Q3 results

Press Trust of India  |  Mumbai 

UPL
The company's profit stood at Rs 944 crore in the year-ago period, UPL said in an exchange filing

Agro-chemical firm on Monday reported 24.89 per cent growth in consolidated net profit at Rs 1,179 crore for December quarter 2021-22.

The company's profit stood at Rs 944 crore in the year-ago period, said in an exchange filing.

Revenue from operations grew 23.78 per cent during the quarter under review at Rs 11,297 crore compared to Rs 9,126 crore in the same period of 2020-21.

"We delivered another quarter of strong business performance in a challenging environment with growth across all regions except India. We are confident of continuing this business momentum and ending the fiscal year 2022 on a strong note.

"During the quarter, we announced a new strategic partnership in Brazil with 'Bunge', a world leader in sourcing, processing, and supplying oilseed and grain products and ingredients," CEO Jai Shroff said.

The company also undertook multiple initiatives to reimagine sustainability in the third quarter and successfully raised a sustainability loan of USD 700 million, he said.

At the same time, UPL furthered its commitment to the Gigaton challenge, its digital platform 'nurture.farm' completed its Crop Residue Management Programme, preventing release of over 1 million tonne of carbon emissions, he noted.

"Taken together, these initiatives underscore our commitment to sustainability as we continue to raise the bar for the industry as a whole with UPL being ranked once again as the number 1 global crop protection company amongst its peers by Sustainalytics in its 2021 ESG rankings, he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, January 31 2022. 14:30 IST
RECOMMENDED FOR YOU
.