UPL Q4 Consol PAT Tumbles 95% on Year to Rs 40 Cr
Pesticides maker, UPL’s consolidated net profit for the quarter ended March 2024 plummeted 94.95% to 40 crore rupees against 792 crore rupees posted in Q4 FY23. Sequentially, revenue from operations fell 15.03% on year to 14,078 crore rupees in the quarter ended March 2024. However, volumes remained on track with last year.
Key Takeaways from UPL’s Performance:
- Consolidated net profit fell 94.95% to 40 crore rupees.
- Sales slipped 15.03% on year to 14,078 crore rupees.
- EBITDA fell 36% to 1,933 crore rupees.
- The board recommended a dividend of Rs 1 per equity share.
Further, the company’s EBITDA slipped 36% to 1,933 crore rupees in Q4 FY24 against 1,420 crore rupees in Q4 FY23. Meanwhile, the board has recommended a dividend of Rs 1 per equity share, subject to member’s approval.
About UPL Ltd:
UPL is a global provider of sustainable agriculture products and solutions, with an annual revenue of $6 billion. UPL focuses on facilitating progress for the entire agricultural value chain. The company’s robust portfolio comprises biological and traditional crop protection solutions with over 14,000 registrations. With its branches located in over 138 countries, and more than 10,000 colleagues globally. The company has an integrated portfolio of solutions across the food value chain including seeds, post-harvest, as well as physical and digital services.
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