EBITDA increased to Rs 2,045 crore as against Rs 1,808 crore

UPL has posted the financial results for the second quarter FY 22 (July-Sept 2021). The revenues increased 18 per cent to Rs 10,567 crore (Rs 8,939 crore), volume growth of 15 per cent and a price increase of 3 per cent. the   EBITDA increased to Rs 2,045 crore as against Rs 1,808 crore.
In Q2FY22, the company registered a net profit of Rs 633 crore, a YoY growth of 36 per cent. The six months YoY net profit was up 29 per cent to Rs 1,311 crore.

This was driven by a strong contribution even in a disruptive supply-chain and inflationary environment, partially offset  by  strategic long-term investments in a digital platform of Rs 81 crore. Without considering this investment, the EBITDA margin is at 20.1 per cent, in line with the last Q2.  

Jai  Shroff, CEO, UPL,  said, “We delivered 14 per cent growth in revenues and 11 per cent 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 to 1 Gigaton by 2040.  We  are driving the adoption  of digital solutions  in agriculture through  our  digital  platform and have onboarded 1.4 million
farmers in India till date.”