UPL Q2 net more than doubles to Rs.543cr

UPL reported an increase of 14.35% in top line sales on a yoy basis for the Sep-20 quarter at Rs8,939cr.

Oct 30, 2020 04:10 IST India Infoline News Service

UPL reported an increase of 14.35% in top line sales on a yoy basis for the Sep-20 quarter at Rs8,939cr. The company has a strong domestic and international franchise catering to the agricultural sector which was largely immune to the COVID down-cycle.


The operating profits for the quarter ended Sep-20 was 16.79% higher on a yoy basis at Rs1,134cr. The net profits for the Sep-20 quarter were, sharply higher by 158.57% at Rs543cr on the back of higher other income and lower extraordinary costs on yoy basis.


This had an overall impact on the margins of UPL. For the Sep-20 quarter, the operating profit margins or OPM was up 27 bps to 12.69%. At the same time, the net profit margins or NPM for the quarter improved by 338 bps at 6.07%.


Financial highlights for Sep-20 compared yoy and sequentially



UPL Ltd
Rs in Crore Sep-20 Sep-19 YOY Jun-20 QOQ
Revenues 8,939 7,817 14.35% 7,833 14.12%
Operating Profit 1,134 971 16.79% 1,310 -13.44%
Net Profits 543 210 158.57% 658 -17.48%
Diluted EPS (Rs) 6.07 2.17 7.20
OPM 12.69% 12.42% 16.72%
Net Margins 6.07% 2.69% 8.40%
 


Key takeaways from the Sep-20 quarter results

  • In terms of business revenue break up in the quarter, nearly 94% of the revenues came from agricultural related activities with only a small balance coming from non-agricultural related activities.

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