BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
In Q2 FY21, UPL Ltd.’s revenue growth was driven by Latin America / India/ Rest of World markets while Europe/North America markets grew in single digit.
Gross margin contracted due to change in the product/ geography mix, price decline and exchange impact.
Operating leverage and synergy benefits led to Ebitda growth of 17%.
Lower tax rate, lower interest cost and higher other income led to adjusted profit after tax growth of 64% during Q2 FY21.
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