UPL Q4 net declines 7% to R201.87 cr

Written by Press Trust of India | Mumbai | Updated: May 1 2012, 09:08am hrs
Chemicals maker United Phosphorus (UPL) on Monday reported a 7% decline in net profit to R201.87 crore for the fourth quarter ended March 31, 2012.

It had posted net profit of R217.59 crore in the year-ago period, the company said in a filing to the BSE. The total income of the company rose 16% to R2,126.93 crore in Q4, 2011-12, from R1,834.73 crore in the same quarter of 2010-11.

For the entire 2011-12 fiscal, United Phosphorus reported a marginal decline in its net profit at R555.55 crore from R557.64 crore in the previous fiscal.

The total income of the company rose 33%to R7,654.72 crore against R5,760.68 crore in the 2010-11.

Last week, the Competition Commission of India (CCI) had imposed a fine of R252.44 crore on the company for collusive bidding and cartelisation in supplying ALP (aluminium phosphide) tablets, used to preserve foodgrains, to Food Corporation of India.

The company has said it will move the Competition Appellate Tribunal.