What is your quick take on the quarterly results of UPL Ltd?
Answer
Answer
Agrochemical player, UPL Ltd, saw sales revenues for Q4FY22 grow by 23.95% at Rs15,861 crore. FY22 full year revenues were up 19.5% at Rs46,240 crore. The quarter saw a sharp pick-up in demand for agrochemicals especially across the major demand centres of Latin America and Europe. UPL declared a dividend of Rs.10 per share. N cash from operations in FY22 were lower despite an higher profits due to spike in inventories and trade receivables.
UPL Ltd
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 15,861
₹ 12,796
23.95%
₹ 11,297
40.40%
Net Profit (Rs cr)
₹ 1,379
₹ 1,063
29.73%
₹ 936
47.33%
Diluted EPS (Rs)
₹ 18.04
₹ 12.75
₹ 11.46
Net Margins
8.69%
8.31%
8.29%
For Q4FY22, net profits of UPL were up 29.7% at Rs1,379 crore as inventory efficiency gains offset higher input costs. This led to operating profit margins improving marginally from 16.22% to 17.26%. Net margins stood at 8.69% in Q4FY22 quarter as against 8.31% in Q4FY21. Even on a sequential basis, the NPM was higher compared to 8.29% in the third quarter. Overall, the margins have remained stable for the company.