Agro-chemicals firm UPL Ltd today reported 22 per cent increase in consolidated net profit to Rs 440.06 crore for the quarter ended March 31, 2015, on account of higher sales.
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.
Total income increased to Rs 12,087.69 crore in the last fiscal from Rs 10,902.23 crore in the 2013-14 fiscal.
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.
