UPL jumps 5%, hits new high on healthy March quarter results

The strong margins and cost synergies have augured well for EBITDA margin expansion of 270 basis points (bps) at 22 per cent during the quarter

Shares of UPL hit a new high of Rs 728.80, up 5 per cent, on the BSE in intra-day trade on Friday after the company reported a healthy 72 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 1,065 crore on the back of strong operational performance. The global provider of sustainable agriculture products and solutions had posted a profit of Rs 617 crore in the year-ago quarter.

The stock is trading higher for the fourth straight day and has gained 16 per cent during this period, while in the past three weeks, it has rallied 24 per