UPL consolidated Q1 net profit falls 5 per cent to Rs 278.43 crore

NEW DELHI: Agri-chemicals major UPL today reported 5 per cent decline in its consolidated net profit at Rs 274.83 crore for the quarter ended June, 2015.

The company had clocked a net profit of Rs 288.63 crore in the year-ago period, UPL said in a BSE filing.

The firm's total income from operations during April-June period rose to Rs 3,063.99 crore from Rs 2,756.68 crore during the same period in 2014-15 fiscal, it added.

Meanwhile, on June 30 this year, the company, through its step down wholly-owned subsidiary, has completed acquisition of 40 per cent share in Sinagro Group, a Brazilian company in the state of Mato Grosso.

Sinagro is one of the leading distributors of farm inputs in the Cerrado region of Brazil and is engaged in the business of agricultural production and trading of grains.

UPL shares today closed 0.14 per cent down at Rs 526 apiece on the BSE.