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( 07 Feb 2020)
UPL Q3 net profit zooms 1350.00% at Rs 145.00 cr

The company reported standalone net profit of Rs 145.00 crore for the quarter ended December 31, 2019 as compared to Rs 10.00 crore in the same period last year, registering a year-on-year growth of 1350.00 per cent.

Net revenue of the company rose moderately by 12.91 per cent at Rs 2,502.00 crore in October-December quarter of this fiscal as against Rs 2,216.00 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.59 per cent to Rs 2,024.00 crore from Rs 2,036.00 crore in year ago period.

Other Income dipped by 86.67 per cent at Rs 2.00 crore versus (Dec'18 Rs 15.00 crore).

Operating Profit surged by 165.56 per cent to Rs 478.00 crore as against Rs 180.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 135.22 per cent in December quarter.

Interest grew by 6300.00 per cent y-o-y to Rs 64.00 crore, while Taxation increased by 1333.33 per cent at Rs 43.00 crore (Dec'18 Rs 3.00 crore).