UPL Ltd Q4 PAT up 72.3% at Rs1,063cr on sharp 51% growth in agrochemicals EBITDA


UPL Ltd reported 14.86% yoy growth in consolidated sales revenues for the Mar-21 quarter at Rs12,796cr. On a sequential basis, the revenues of UPL were up 40.21% as the company began to realize the incremental benefits of its multi-billion dollar acquisitions made.


The Agrochemicals and other agricultural related businesses saw top line growth of 15.7% at Rs12,331cr. The non-agricultural business of the company was marginally lower at Rs514cr in the Mar-21 quarter. UPL has immensely benefited from the global trend to increasingly look at India as a predominant player in the specialty chemicals segment.


For the Mar-21 quarter, the consolidated operating profits were up 58.52% at Rs2,075cr. The boost to the operating profits came from the EBITDA of the Agri-related businesses shooting up 51% to Rs2,226cr on better margins and economies of scale. The operating profit margin expanded from 11.75% in the Mar-20 quarter to 16.22% in Mar-21 quarter.


The consolidated Profit after tax (PAT) for the Mar-21 quarter improved by 72.29% at Rs1,063cr. Net margins improved from 5.54% in Mar-20 quarter to 8.31% in the Mar-21 quarter. NPM was however lower on sequential basis compared to 8.70% in Dec-20.


Financial highlights for Mar-21 compared yoy and sequentially











UPL Ltd

Rs in Crore

Mar-21

Mar-20

YOY

Dec-20

QOQ

Total Income (Rs cr)

₹ 12,796

₹ 11,141

14.86%

₹ 9,126

40.21%

Operating Profits (Rs cr)

₹ 2,075

₹ 1,309

58.52%

₹ 1,660

25.00%

Net Profit (Rs cr)

₹ 1,063

₹ 617

72.29%

₹ 794

33.88%

Diluted EPS (Rs)

₹ 12.75

₹ 8.08

₹ 10.38

Operating Margins

16.22%

11.75%

18.19%

Net Margins

8.31%

5.54%

8.70%

 

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( With inputs from indiainfoline)