LAST UPDATED: May 13, 2021, 2:21 p.m.
New Delhi (Anish Yande): Shares of United Phosphorus Ltd rose by 3 percent on Wednesday’s trading session ahead of the announcement of its results for the quarter ended March 2021. UPL’s share opened at Rs 691.95 per share from its previous close of Rs 684.35 per share on Monday.
The shares of the chemical industry company rose to an intraday high of Rs 702.55 per share on May 12.
United Phosphorus Ltd net profit rises 74 percent:
United Phosphorus Ltd had reported a net profit of Rs 784 crore in the March quarter of FY20. The consumer goods company’s net profit rose to Rs 1,361 crore in Q4 FY21. The net profit increased 73.59 percent on a year-on-year basis.
In the fiscal year 2020-21, the net profit was up to Rs 3,495 crore from Rs 2,178 crore in the previous year, at an increase of 60 percent.
The revenue from operations of the chemical industry company increased to Rs 12,796 crore in the quarter ended March 31, 2021, as compared to the revenue at Rs 11,141 crore in the corresponding quarter of the previous fiscal. Revenue from operations rose by 15 percent YoY.
Revenues of UPL in several markets grow:
Revenue from operations for the fiscal year 2020-21 grew to Rs 38,694 crore as compared to Rs 35,756 crore in the previous fiscal year, at an increase of 8 percent during FY21.
The European business of United Phosphorus Ltd grew to Rs 2,577 crore in the March quarter at an increase of 17 percent. The business of UPL rose to Rs 6,422 crore in FY21, at an increase of 12 percent YoY.
Revenues from the North American region increased from Rs 2,531 crore in Q4FY20 to Rs 2,539 crore in Q4FY21. Latin American business of UPL rose 23.85% to Rs 4,767 crore in the March quarter of 2021.
Net debt of UPL has been reduced by Rs 3,140 crore to Rs 18,922 crore as of March 31, 2021. The board of United Phosphorus Ltd has recommended a dividend of Rs 10 per equity share for the fiscal year 2021.
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