Highlights:
- Q2FY22 YoY Net Profit up 36% to Rs 633 crore
- 6 Months YoY Net Profit up 29% to Rs 1,311 crore
- Revenues increased 18%, to Rs. 10,567 crore (Rs. 8,939crore).
- Volume growth of 15% and price increase of 3%
- EBITDA increased to Rs. 2,045 crore as against Rs. 1,808 crore
Commenting on the performance, Mr. Jai Shroff, CEO – UPL Ltd., said “We are pleased to announce a strong set of results in a difficult environment. This is an evidence of the efficient management of our supply chain through backward integration, focus on innovation and agility of the team. We delivered 14% growth in revenues and 11% growth in EBITDA in H1.
UPL is committed to a goal to reimagine sustainability. In September 2021, we signed the Climate Pledge. UPL is committed to reducing the atmospheric Co2 equivalent 1 Gigaton by 2040. We are driving the adoption of digital solutions in agriculture through our digital platform and have onboarded 1.4Mn farmers in India till date. We continue to make long-term strategic investments in this digital platform to transform agriculture in India and around the world.
We are grateful to our teams and all stakeholders and are committed to deliver profitable and sustainable results."
