UPL Limited reported earnings results for the second quarter and half year ended September 30, 2023. For the quarter, the company reported sales was INR 101,700 million compared to INR 125,070 million a year ago. Revenue was INR 102,750 million compared to INR 125,850 million a year ago. Net loss was INR 1,890 million compared to net income of INR 8,140 million a year ago. Basic loss per share from continuing operations was INR 2.54 compared to basic earnings per share from continuing operations of INR 10.83 a year ago. Diluted loss per share from continuing operations was INR 2.54 compared to diluted earnings per share from continuing operations of INR 10.83 a year ago.

For the half year, the company reported sales was INR 191,330 million compared to INR 233,280 million a year ago. Revenue was INR 193,390 million compared to INR 234,790 million a year ago. Net loss was INR 230 million compared to net income of INR 16,910 million a year ago. Basic loss per share from continuing operations was INR 1.21 compared to basic earnings per share from continuing operations of INR 21.59 a year ago. Diluted loss per share from continuing operations was INR 1.21 compared to diluted earnings per share from continuing operations of INR 21.59 a year ago.