Upl Ltd Q4fy23 Pat Down 42 6 Yoy At Rs792 Crore On 23 Spike In Raw Material Costs

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

UPL Ltd Q4FY23 PAT down -42.6% yoy at Rs792 crore on 23% spike in raw material costs

ri-calendar-2-lineMay 8, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

UPL Ltd reported 4.46% growth in total revenues for the March 2023 quarter on consolidated basis at Rs16,569cr. On a sequential basis, the revenues were up by 1.16%. The revenue growth slowed in the quarter due to sharp fall in product prices. However, full year revenues were up 16% yoy on better realizations. The company has reduced the net debt during the year by $440 million to $2.06 billion.

EBITDA fell by 16% yoy on account of a sharp spike in raw material costs in the quarter. As a result, the EBITDA margins were lower by 338 bps at 18.3% in the quarter. In terms of regional revenue growth, Latin and India led the growth with 12% and 15% growth respectively. North America was the only market to see negative growth in sales, down 14% on yoy basis. 

Financial highlights for Mar-23 compared yoy and sequentially

 UPL Limited    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 16,569

₹ 15,861

4.46%

₹ 16,379

1.16%

Operating Profit (Rs cr)

₹ 2,013

₹ 2,738

-26.46%

₹ 2,707

-25.64%

Net Profit (Rs cr)

₹ 792

₹ 1,379

-42.57%

₹ 1,087

-27.14%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 10.68

₹ 18.04

 

₹ 13.52

 

OPM

12.15%

17.26%

 

16.53%

 

Net Margins

4.78%

8.69%

 

6.64%

 

 

Due to the impact of the higher raw material costs, the net profits were down by -42.6% while the net margins fell from 8.69% to 4.78% on yoy basis. Most of the debt reduction was achieved through internal cash resources generated. The pricing was also impacted negatively in the fourth quarter due to glut of supply in certain molecules.

Related News

News Thumbnail
Quarterly Result

BLS's Q2FY24 Financial Performance Review

2 mins read. November 6, 2023 at 08:56 AM

News Thumbnail
Quarterly Result

Interglobe Aviation's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 11:31 AM

News Thumbnail
Quarterly Result

Titan's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 10:59 AM

News Thumbnail
Quarterly Result

Zomato's Q2FY24 Financial Performance Review

3 mins read. November 3, 2023 at 09:50 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions