UPL Q2 Results: Profit jumps 28% YoY to Rs 814 cr; co confident of meeting FY23 guidance

UPL Q2 Results: Profit jumps 28% YoY to Rs 814 cr; co confident of meeting FY23 guidance

UPL on Tuesday reported a 28.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended September at Rs 814 crore. But the profit was lower than ET Now poll of Rs 849 crore. Consolidated revenue rose 18.4% YoY to Rs 12,507 crore, and was higher than ET Now poll of Rs 12,230 crore. … Read more

Norway’s Sovereign Fund flags child labour at UPL’s seeds company

Norway’s Sovereign Fund flags child labour at UPL’s seeds company

Mumbai: Government Pension Fund Global, the sovereign wealth fund of Norway, is nudging agrochemicals major UPL, formerly United Phosphorus, to end child labour in one of its subsidiaries, Advanta Seeds. The activist money manager with assets worth $1.3 trillion across the global markets owned a 2.8% stake in UPL as of December 31, 2021, and … Read more