UPL Ltd Q4FY22 PAT up 29.73% at Rs1,379 crore yoy as inventory efficiency gains offsets input costs

11 May 2022 , 06:10 PM

UPL Ltd reported 23.95% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs15,861 crore. On a sequential basis, revenues were higher for the quarter by 40.4%.

For the full year FY22, the revenues were higher by 19.5% at Rs46,240 crore. For Q4FY22, there was a sharp pick-up in demand for agrochemicals especially across its key markets in Latin America and Europe.

The company has declared a dividend of Rs.10 per share or 500% on a face value of Rs.2. The net cash from operations in FY22 were lower despite an increase in profits due to a spike in inventories and in trade receivables.

The consolidated net profit for Q4FY22 was up 29.73% at Rs1,379 crore while it was up on a sequential basis by 47.33%.

The company has managed to tweak the inventory for efficiency gains which has largely offset the higher input costs. On a yoy basis, the operating profit margins improved from 16.22% to 17.26%.

Net margins stood at 8.69% in Q4FY22 quarter compared to 8.31% in Q4FY21. NPM was higher sequentially against 8.29% in Q3FY22. The company has been able to maintain stable net margins over the quarters.

Financial highlights for Mar-22 compared yoy and sequentially

	UPL Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 15,861	₹ 12,796	23.95%	₹ 11,297	40.40%
Net Profit (Rs cr)	₹ 1,379	₹ 1,063	29.73%	₹ 936	47.33%
Diluted EPS (Rs)	₹ 18.04	₹ 12.75		₹ 11.46
Net Margins	8.69%	8.31%		8.29%