UPL is reporting quarterly results incorporating the financials of Advanta Ltd. The comparable quarterly result for the previous year is available. However, absence of FY16 yearly financials makes analysis difficult. Advanta has contributed ~9% of revenues in 9MFY17. 3Q revenues were at Rs 39.2bn ( 18% YoY) led by volume growth. EBITDA margin expanded to 19.1% led by lower opex. EBITDA was Rs 7.5bn ( 34%) and PAT was Rs 4.6bn ( 54%).
UPL reported 2QFY17 results incorporating the financials of Advanta Ltd. Company is providing comparable quarterly results for the previous year, however, absence of FY16 yearly financials makes analysis difficult. 2Q revenues were at Rs 35.4bn ( 16% YoY). Advanta contributed ~6% of cons. revenues. EBITDA margin expanded to 17.6% led by lower RM costs and consequently EBITDA was Rs 6.2bn ( 19%).
Shares of Advanta will remain in focus ahead of its merger with UPL, as the stock will turn ex-date on August 1. Advanta shareholders will get one equity share and three preference shares of UPL for...
UPL Ltd has fixed August 02, 2016 as the Record date for determining the list of the equity shareholders of Advanta Limited to whom the equity and preference shares of the UPL will be issued as per terms of Scheme of Amalgamation of Advanta Ltd and UPL Ltd and their respective shareholders and creditors.
Advanta Ltd has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With reference to the earlier letter dated June 23, 2016, Advanta Ltd has now informed BSE that the Honble High Court of Gujarat at Ahmedabad vide its order dated June 23, 2016 has sanctioned the Scheme of amalgamation of Advanta Limited (Advanta or Transferor Company) and UPL Limited (UPL or the Transferee Company) and their respective shareholders and creditors (Scheme). The Scheme has become effective on July 20, 2016, being the date...
Advanta Ltd has informed BSE that the Nomination and Remuneration Committee of the Company has approved the allotment of 20,846 equity shares to the employees on July 14, 2016 pursuant to exercise of stock options under Employee Stock Option Plans of the Company.
Advanta Ltd has informed BSE that the Nomination and Remuneration Committee of the Company has allotted 13,385 equity shares to the employees on July 06, 2016 pursuant to exercise of stock options under Employee Stock Option Plan.