HDFC Securities
1QFY17 was the maiden quarter where UPL reported financials incorporating the Advanta merger. Although YoY P&L comparison is available, the absence of FY16 yearly financials makes holistic analysis difficult. 1Q revenues were at Rs 35bn ( 7% YoY) owing to the strong performance of agrochemicals (~93% of revenues, 10% YoY).
UPL Ltd. has gained 36.75% in the last 1 Year
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