India UPL Quarterly Profit Falls
Indian agrochemicals maker UPL reported a 23.9 percent fall in quarterly net profit due to unfavourable weather impacting its core crop protection business. Revenue dropped slightly to 118.60 billion rupees.
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UPL LTD posted a 23.9% drop in quarterly net profit to 4.21 billion rupees ($44.38 million) on Monday morning. The agrochemicals maker suffered as unfavorable weather hurt its core crop protection business across key international markets. Revenue contracted 1.3% year-on-year to 118.60 billion rupees for the three months ended September 30.
