UPL posts Rs 40-cr net profit in Q4

(20 second reading) Agrochemicals manufacturer UPL Limited on May 13 reported a 95 percent drop in net profit at Rs 40 crore in the quarter ended March 31, 2024, from Rs 792 crore in the year-ago period. However, the profit jumped nearly 97 percent in the reported quarter from a loss of Rs 1,217 crore in the December quarter.
The Mumbai-headquartered company’s revenue also declined to Rs 14,078 crore in the fourth quarter from Rs 16,569 crore in the same period last year, a drop of 15 percent, the filing showed.

The company also declared a dividend of Rs 1 per equity share.