Agricultural company UPL is expected to report stable earnings, led by growth in Brazil and India. Profit is likely to increase 16.1 percent year-on-year to Rs 360 crore on revenue and operational performance.
Revenue during the quarter is seen rising 14 percent to Rs 3,540.9 crore, mainly led by growth in India and Latin America.
India business contributes 35 percent to total revenue, Latin America and Rest of the World 30 percent and Europe & USA 17.5 percent each.
Stable currency and improvement in demand may aid growth during the quarter. The company may see benefits from down trading as international commodity prices have corrected sharply.
Analysts say kicking in of operating leverage is likely to support margin. Operating profit is expected to increase 19.1 percent year-on-year to Rs 743 crore and margin may expand 80 basis points to 21 percent in Q3.
Key factors to watch out for would be outlook on global agri environment, commentary on cross-currency impact and outlook on new product launches.
