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UPL slips after weak Q2 show

Capital Market 

UPL fell 2.91% to Rs 563 after consolidated net profit fell 59.4% to Rs 126 crore on 83.6% surge in net sales to Rs 7,817 crore in Q2 September 2019 over Q2 September 2018.

The result was announced at the fag end of market hours yesterday, 7 November 2019.

Consolidated EBITDA grew 11% to Rs 1,541 crore in Q2 September 2019 as against Rs 1,384 crore in Q2 September 2018.

India business registered a 6% improvement in Q2 September 2019 compared with Q2 September 2018. On YTD basis, the company made a lower than expected performance mainly due to heavy and untimely rain in central India coupled with some pricing pressures on key molecules. However, good performance in Ulala ensured an establishing position in the sucking pest segment.

UPL provides crop protection solutions. The firm is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates and specialty chemicals. The company's segments include agro activity and non-agro activity.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 08 2019. 12:59 IST