Its net profit stood at Rs 360.28 crore in the year-ago period.
Total income rose to Rs 3,574.97 crore during January- March 2015 quarter from Rs 3,365.23 crore in the corresponding period of previous year, Mumbai-based UPL (formerly known as United Phosphorus) said in a filing to the BSE.
During 2014-15 fiscal, UPL posted a net profit of Rs 1,144.03 crore compared to Rs 949.79 crore in the previous financial year.
The board of directors, at its meeting held today, recommended a dividend of Rs 5 per equity share on the equity shares of Rs 2 each, subject to approval of members at the ensuing Annual General Meeting.
UPL is a global generic crop protection, chemicals and seeds company. It manufactures agrochemicals in India and offers a products like insecticides, fungicides, herbicides, fumigants and rodenticides.