UPL reported revenue growth of 6.5% YoY to INR 37.7bn. The growth was hampered owing to subdued sales from agro activities. Agro business registered a revenue growth of 2.6% YoY to INR 36.21bn, while non-agro activity reported growth of 9.2% YoY to INR 2.01bn. OPM excl. ex gain/loss expanded by 100bps YoY to 19.1%, which led EBITDA to up by 12.3% YoY to INR 7.2bn. There was exceptional item related to legal charges for product counterfeiting case in Europe along with higher losses from associates. Further, fall...