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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