₹₹UPL Ltd., a pesticides and agrochemicals company, on Monday reported a consolidated net profit of ₹40 crore for the January-March period as against CNBC-TV18's poll of ₹356 crore loss.
The company reported a one-time gain of ₹105 crore.Revenues stood at ₹14,078 crore, higher by 20% year-on-year than the CNBC-TV18 poll of ₹11,720 crore.Its revenue from operations for the full year stood at43,098 crore, down 20% YoY.
For the financial year 2025, the management expects a revenue growth between 4% and 8%.EBITDA or earnings before interest, tax, depreciation and ammortisation came in at ₹1,932 crore, 59% higher year-on-year than the CNBC-TV18 poll of ₹1,213 crore.
This will results in a payout of 50%, the company said in a regulatory filing.The dividend will be subject to the approval of members at the ensuing Annual General Meeting.
The dividend will be paid within 30 days of the Annual General Meeting.
₹
₹
UPL Ltd., a pesticides and agrochemicals company, on Monday reported a consolidated net profit of ₹40 crore for the January-March period as against CNBC-TV18's poll of ₹356 crore loss. The company reported a one-time gain of ₹105 crore.Revenues stood at ₹14,078 crore, higher by 20% year-on-year than the CNBC-TV18 poll of ₹11,720 crore.Its revenue from operations for the full year stood at43,098 crore, down 20% YoY. For the financial year 2025, the management expects a revenue growth between 4% and 8%.EBITDA or earnings before interest, tax, depreciation and ammortisation came in at ₹1,932 crore, 59% higher year-on-year than the CNBC-TV18 poll of ₹1,213 crore. Operating margins have expanded 340 basis points year on year to 13.7%, while estimates were at 10.3%.For the financial year 2025, the company expects EBITDA to grow by more than 50%.The contribution margins are primarily impacted by the liquidation of high-cost inventory and higher rebates to support the channel, the company said.The company in a filing also said that $300-400 million operational cash generation will be used for debt reduction.The Board has recommended a dividend of ₹1 per equity share on the face value of ₹2 each. This will results in a payout of 50%, the company said in a regulatory filing.The dividend will be subject to the approval of members at the ensuing Annual General Meeting. The dividend will be paid within 30 days of the Annual General Meeting."As compared to Q3, volumes recovered well and were in-line with LY, largely led by the strong performance of our high-margin differentiated and sustainable portfolio, which contributed 36% of crop protection revenue vs 29% LY. Our recent launches of Evolution, Feroce and Shenzi did exceedingly well, growing volumes by >50%," said Mike Frank, CEO, UPL Corporation Ltd."As we look ahead to FY25, we expect a return to growth and normalization in margins driven by the agchem market returning to normality. Further, our foremost priority remains to deleverage our balance sheet which we plan to achieve through operational cash flows, completion of rights issue, and pursuing capital raise opportunities within our platforms," Frank said.Shares of UPL Ltd. were trading with gains of nearly 7% at535 apiece on the NSE.
