UPL Q3 PAT rises 15% at Rs.286.7 crore

The company's total income increased 3.9% to Rs.3,181.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.3,060.7 crore in the same quarter last year

UPL on Friday reported a 15% increase in net profit at Rs.286.7 crore for the third quarter that ended on December 31, 2015.

The company had reported a net profit of Rs.249.2 crore for the corresponding quarter last year.

Total income increased 3.9% to Rs.3181.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.3060.7 crore in the same quarter last year.

Net sales in third quarter stood at Rs. 3,050 crore, up 1.3% from Rs.3,010 crore in the same quarter last year.

On a standalone basis, the company posted a net profit after tax of Rs. 42.9 crore for the quarter ended December 31, 2015 compared with Rs. 79.3 crore for the quarter ended December 31, 2014. Total Income has increased from Rs. 1293.6 crore for the quarter ended December 31, 2014 to Rs. 1411.9 crore for the quarter ended December 31, 2015.

Stock view:

UPL Ltd is trading at Rs. 427.4, up by Rs. 16.9 or 4.12% from its previous closing of Rs. 410.5 on the BSE.

The scrip opened at Rs. 414.9 and has touched a high and low of Rs. 429.5 and Rs. 410.75 respectively. So far 896260 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17594.21 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576 on 11-Aug-2015 and a 52 week low of Rs. 349 on 28-Jan-2015. Last one week high and low of the scrip stood at Rs. 420.95 and Rs. 384.5 respectively.

The promoters holding in the company stood at 29.8 % while Institutions and Non-Institutions held 56.67 % and 13.53 % respectively.

The stock is currently trading below its 200 DMA.