1. Healthcare

2. Feb. 2015 13:08
No. 3719 P. 1
Share Dept.
: 8, Shri Klishni Commervial CeDge, Ground Floor, Opp. Raheja Solitaire,
6, Ud)'08 Nagar, Off S. V. Road. Oeregaon (W), Mumbai - 400 062, India.
(Formerly known as United Phosphoru8 Ltd.)
Reg(1. Off.
: 3-11, GIDC, Vapi- 396 195, GRIarit India. Tel
CIN: 624219031985PLC025132
Corporite Off : Uniphos House. Madhu Park, lith Road, Khar (W), Mumbai - 400 052. Iodia.
UPL Limited
ah
I::I
le).. 01«022) 2872 4862,2873 5486 Fax: (91-022) 2875 3483
(91-0260) 2400717. 2401118-19
Tel.. (91-02212646 8000 Fax : (91-022)2604 1010
2nd February, 2015
Listing Department
National Stock Exchange of (I) Ltd.
Exchange Plaza, C/1, Block G,
Bandra Kurla Complex, Bandra (East)
MUMBAI 400 051
Dear Sir,
REG. : UPL Limited (Formerly United Phosphorus Limited)
SYMBOL : UPL
SUB.: UNAUDITED FINANCIAL RESULTS FOR THE OUARTER ENDED
31ST DECEMBER, 2014
This is to inform you that the Board of Directors at its meeting held on 2'id February,
2015, has taken on record the Unaudited Financial Results for the quarter ended 31
December, 2014.
The Statutory Auditors have carried out a "Limited Review"
Financial Results for the quarter ended 315 December, 2014,
of the Unaudited
We are enclosing herewith a copy of the Unaudited Financial Results along with
Statement of Segment-wise Revenue, Results and Capital Employed.
We are also enclosing herewith
the Company.
a
Limited Review Report of the Statutory Auditors of
May we request you to take the same on your record and inform all your constituents
accordingly.
Thanking you,
Yours faithfully,
for UPL Limited
C..
fi.-Cr.A- -7
M. B. Trivedi
Company Secretary
Encl : As above.
2. Feb. 2015 13:08
No. 3719 P. 2
SRBC&COLLP
14tn Floor, The Ruby
29 Senapati Bapat Marg
[lader (Wesl)
Chartered Accountants
Mumbai-400 028. India
Tel: +91 226192 0000
Fax. +91 226192 1000
Review Report to
The Board of Directors
UPL Limited
1. We have reviewed the accompanying statement of unaudlted financial results of UPL Limited
('the Company') for the quarter ended December 31, 2014 (the "Statement"), except for the
disclosures regarding 'Public ShareholdIng' and 'Promoter and Promoter Group ShareholdIng'
which have been traced from disclosures made by the management and have not been
reviewed by us. This Statement is the responsibility of the Company's management and has
been approved by the Board of Directors. Our responsibility Is to issue a report on the
Statement based on our review.
2. We conducted our review In accordance with the Standard on Review Engagements (SRE)
2410, Review of Interim Financial Information Performed by the Independent Auditor of the
Entity Issued by the Institute of Chartered Accountants of India. This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the Statement
is free of material misstatement, A review is limited primarily to Inquiries of company
personnel and analytical procedures applied to financial data and thus provide less assurance
than an audit, We have not performed an audit and accordingly, we do not express an audit
opinion.
3. Based on our review conducted as above, nothing has come to our attention that causes us
to believe that the accompanying Statement of unaudited financial results prepared In
accordance with recognition and measurement principles laid down In Accounting Standard
25 "Interim Financial Reporting", specified under the Companies Act, 1956 (Which are
deemed to be applicable as per Section 133 of the Companies Act, 2013, read with Rule 7 of
the Companies (Accounts) Rules, 2014) and other recognised accounting practices and
policies, has not disclosed the information required to be disclosed In terms of Clause 41 of
the Listing Agreement Including the manner In which It Is to be disclosed, or that It contains
any material mlsitatement.
ForSRBC&COLLP
Chartered Accountants
ICAl Firm registration number: 324982W
'10 ( 1
/1 -' lei
*A
MUMBAj
pe
udhlr Soni
Partner
Membership No.: 41870
Place: Mumbal
Date: February 2, 2015
\71 44
11
, .4PDA e#n
\-0
S A B C& C O (a partnership b im) arlvefle(] inte S R B C& C O LLP <1 Limited Liability Paftnetihip with LLP Identity NO. AAS-4318) elfective lsI A *W. 2013
UPL Limited
(formerly known as United Phosphorus Limited)
r-D
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CONSOLIDATED UNAUDITED FINANCIAL RESULTS
FORTHE QUARTER ENDED 3lst December, 2014
Rs. i n la cs
Particulars
b) Other Operacing Incorne
Total Income frorn Operations Inet)
(Unaudited)
(Unauditedl
(Audited
Quaner ended
Quarter ended
Nine Months
31.12.2014
30.09.2014
31.1212013
emded
(Unaudited)
1 In.corne frorn Operations
al Net Sa es /Income from operstions (Net of Excise Duty)
Yearended
31.12.2014
Nine Months
ended
31.12.2013
Quarter ended
(Unau€[ited3
(Unaudited)
LO
728,364
14,843
1,057,996
846,619
743,Z07
1,077,088
132,437
415.583
371,460
26,192
77,201
72,283
544,080
94,687
304014
261,770
260,471
3,705
4,462
4,216
304,719
266,232
264,687
154,132
26,397
129,47&
25,472
834,809
11,810.
34
31.031014
19,092
2 Expenditure
a) Consumption of Raw Materials, Packing Material, Traded goods & In<rease / Decrease
in Stock
b) Employee benefits expenses
c) Depreciation and Amortisation expense
d) Other Expenses
Total Experiditure
10,856
10,915
10,434
32,107
28,749
40,694
66,733
63,230
59,553
196,066
164.735
236,363
258,118
229,095
228,616
720,957
637,227
915,824
46,601
37,137
36,071
125,662
105,980
161,264
357
1,711
5,007
4,653
10,493
13,135
5 Profk from Operations frorn ordinary activities before IFinance Cost, Prior Period
Adjustments and Exceptional iterns
47,958
38,848
41,078
130,315
116,473
174,399
6 Finance Cost
13AOS
14,013
10,954
39,444
36,655
48,660
34,150
24,835
30,124
90,371
79.318
125,739
1,603
1,020
3,974
5,960
8,530
241
664
0
905
0
1,555
32,30,6
23,151
26,150
90,928
73,858
115,654
5,983
4,617
5,213
19,427
17,813
22,169
26,323
18,534
20,937
71,501
56,045
93,485
3 Profit from Operat]ons bebre Other Income, Finance cost, Prior Period Adjustments
and Exceptional items
4 Other ]ncorne
7 Profit fra m ordinary activities after Finance Cost and before Prior Period Adjustrients
and Exceptional Items
8 Excel*ionaL Items (Incomel/Expense
19621
0
9 Prior Period Adjustments
10 Pira·ntfrom Ordinary
11 Tax
ActMties before Tax
expense
12 Net Profitfrom Ordinary Activities after Tax
tz
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LO
2
UPL Limited
(formerly known as United Phosphorus Limited)
r-D
CONSOUDATED UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED Slst December, 2014
r-D
'Yl
Rs. in lacs
Quarter ended
Quarter ·efided
Particulars
30.09.2014
31.12.2014
[Unaudited;
13 Less : Minority Interest
15 Less
:
14 Add: Share of Prokt fTom Associate Ce
Exceptional Items - Associate Co
16 Net Profit After Taxes, Minor[ty Interest and Share
(Unaudited}
Quarter ended
31.12.2013
Nine Morrths
ended
Nine Months
Year ended
ended
31,03.2014
31.12.2014
31.12.2013
(Unaudited] (unaudited} (Unaudked
[Audited)
2,331
2,896
(139}
4,019
{837]
715
936
968
1,148
2,915
2,070
3,039
830
D
of Profit of Associates.
17 Paid up Equity Share Capital
(Face value ofthe share Rs 2/-each}
24,928
8,572
LO
16,606
8,572
22,224
8,852
70,397
8,572
58,952
94,979
8,572
8,852
516,170
18 Rese Nes exduding Reva[uation Rese rves as per Balance Sheet
19 Earningspershare (EPS
Basic and Diluted EPS before and after Extraordinary items for the year & for the
ore#otis year
Basic Earnings per share of Rs 2/-each (Rs}
Diluted Earnings per share of Rs 2/- each ERs)
20 Pubric Sharehold]ng
Number d Shares:
% of shareholding
5.81
3.88
5.02
16.42
13.32
5.81
3.88
5.02
16.42
13.32
300,875,933
70.20%
300,875,933
70.20%
314,851,495
71.14%
300,875,933
70.20%
314,851,495
71.14%
21.59
21.59
300,851,495
70.19%
Notes:
1 Share of Profit in Associate Company for the year is considered on the basis of Unaudited Consolidated results d Advanta Group far the Nine rnonths ended 30th September, 2014 and
Unaudited Standalone results ofall otherassociates .
2 The resu[ts for Hodogaya UPL Co Ltd which is a joint venture are proportionately consolidated.
3 Exceptic>nal item fbrthe quarter mainly indudes restructuring cost of Latin American Region4 Previous periods / Years figures have been regrouped / rearranged wherever necessary.
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2. Feb. 2015 13:10
No. 3719 P. 6
NOIES
1
The obolre Skindalone Unaudled FInonclol Re:ulls wom ravlowod by 14* AUN C*mrtlill#* *rld 16*r,aller dpbrolred 01 Ihe MeeHng 01 Ihe 8oa d 01 Neclors hold on Mnd
Flb<hou. 2015. The :Ialufofy audllor# have coided oul a Iniled review 01 flie *landolobs MA#Mbl 1*,0115 01 Ihe Company 06 required under Clau. e 41 01 Ihe LI.Ilng
AN"MIA'.
2 Oiller 1,1**MI / Explnlls Includeirel exohange (galn)/10„ on accounlol foreign exchange of exparl#, Imp*,16 Mnd **0*rl Comir *n. Sugh (Moint/imi Gre Ri 181 Iccs,
RE 784 la¢*, antl RI (214 14#41) (Irl*IWd*d In Flher Ingernel lof Ihe quorter: ended 31 31 Decornber, 2014, 30th 5*plefmb*< 2014 *nd 3181 9**imber 2013 reweoliyely; h
1.0211ac and H, (13.135 1008) Onclud*% M *lhl< Income) fw ihe nine monlhi ended 3151 Oecembei 014 and 31,1 Doe•mber to : 644 RI (12.329 lacs) Oncludid Irl othei
Incomal foi lhe yearonded 310 Zarch. 2014.
3 FInanGe Cwls Inclwde nelexchange (gain)/lois or,Ing on foreign eurroneyloon*/ advable# *nd rllglld derAVaIive#. Such (goin)Bo„ i, h (6,008 lacs), h (1.042 lacs) and
Rl (1,144 Ig*,1 11 Ihe c:Ware(s ending 3181 December 2014, 30lh Seplember *014 and 31,1 DGe•mber 2012 rliplGIIyely' Rs (12.127 la i) arld R, 9,444 laci lor nine monlhs
end[Ig 3141 De#mb*U 2014 end 318£ DeGembe< 2013 respechely and a nel los of ks 6,538 laci for the yaa< 91,494 *111 M*Mh 2014,
4 The Company ha, revised Ihe deproclallon rolo on 20(1814 MA.d ".13 05 per Ihe V„M Ble *pecl ed In Schedule·11 ol lhe Conipanles Acl. 4013 w ru.ai,e#led hy Ihe
Company. Hod ihere nol been ony chang e In the uzeh,1 kfu d mi* 14, d*p,* clotion W th* 41##1(1,/ Wewid have been Bwer by Rs. 362 loci.
6 Rallo, have been computed m tolowl :-
Diblcomprts- Ling·Tarnlbormulngs. Bmt-Tllm berriwing, and CwnenimaMIieiollong kin bonodngi
babh $.rvfco Cmwgi R.Ho = Ear.Ing: 4*WI fnl,illl. Tax. De/eciallon arld AmodlidHon /(Inleferl on long Term borrodigi + prineipal repaym*All]
Interest $elvice Covaraga R„110 = 1*Inlne I,*IMI Inler,it and Tax/ Inleiesl and Olher Flnance Choiger on Dobl
& hev|ouipeilocfi/yeaf'I Rgures have boon rogroupwd/rewrollold whlriVer Mecessory.
•
rlog* ; Mumial
F*r U P 11411*4 (l*r *il known gs United Pho phort,i
U/Ated)
R D ShioN
% Chalimnand paglngure,l«
DMII : Olnd Flbtvory. 2015
SIGNED FOR IDENTIFICATION
BY
»
SRBC&COLLP
IUMBAI
2. Feb. 2015 13:10
No. 37 19
P. 7
UPL Limited
(formerly known as United Phosphorus Limited)
Regd. Office : 3-11, G.I.D.C., Vapl, Dist : Valsad, Gularat - 396195
Segmentwlse Revenue, Re5ults ind Capital Employed for the Qualterended 31st December, 2014
(Rs in lacs)
Partlculars
Sr.
No.
1
a
b
Income from Operations Cnet)
Agro Activities
Non Agro Activiles
o Unallocated
Total
Less: Inter - Segment Revenue
Net Sales from Operations
Quarter ended
Quarter ended
Quarteren[led
Nlne months
Nine month
Year ended
31.12.2014
30.09.2014
31.12.2013
ended
ended
31.03.2014
1Unaudited)
{Unau(liked)
(Unaudited)
31.12.2014
31.12.2013
(Audited)
CUnaudited)
CUnaudited)
116.960
130,015
104,375
374.545
343.984
451,418
22,033
132
23,477
65,266
61,402
132
19,700
1.183
395
1,821
80,555
1,879
138.125
10,781
127,334
153,624
125.354
440,206
15.378
10,794
35,472
407.207
29.815
533,852
37.025
138.246
114.580
404,734
377,392
496.827
2
Sooment Results
a
Agro Activilies
Non Agro Activities
13,301
11.915
15,792
45,098
72,218
82.349
2,822
1,304
752
5,979
3,483
4,126
Total
16.123
13.219
18,544
51,077
75.701
88,475
b
Less.
(i) FInance Gosts
(li) Unallocable Expenditum / Income (nal)
(lii) E:(ceptional item8
Total Profit before Tax
3
(1,920)
6.450
2,986
2,988
1,164
22,672
24,329
(10,995)
4,466
1,353
1 472
1,986
4,9iO
1.986
11,593
21,228
9.090
48,570
49,571
55,250
227,901
216,369
246,990
227.901
244990
201,550
58,605
41,176
36,218
58.605
36,219
84,145
105.173
362,718
92,580
84,145
92,580
38,188
91.028
376,789
370,BIll
375,789
330,764
Capital Employed
(Segmenl Assets Segment Llabilltles)
a
Aoro ACtivities
b
Non Agro Activilles
c Unallocated
Total
370,851
Note, i
1
The busine85 of the Company is divided Into hwo business segments. The6e segments are the basis for management conlrol and hence form the basis for
reporting. The business of each segment comprises of:
a) ABro activity - This is the main area of Ihe Company'$ opetation and includes the manufacture and marketing of conventional agrochemical products.
seeds and Other agrlcultural related products.
b) Non·agro activity - Non egro activities Include$ manufacture and marketing of Industrial chemicals end other non agriCultural related products.
2
Previous period's/ years figures have been regrouped/ rearranged wherever necessary.
SIGNED FOR IDENTIFICATION
BY
/3ob v
SRBC&COLLP
IAUMBAI