| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 10.9K | 1.6% |
| Total Income | 11.1K | 1.1% |
| Expenditure | 10.4K | 9.9% |
| PBT | 632.00 | 302.6% |
| Net Profit | 853.00 | 245.8% |
| OPM | -8.77% | 10.98pp |
| NPM | 10.21% | 14.23pp |
| EPS | 9.98 | 269.1% |
UPL Ltd. Reports Q3FY25 Revenue Up by 10%, Contribution Margin Increase by 1,380bps, EBITDA Margin Increase by 1,560bps, and Net Debt Down by $745M
31 Jan 2025 · 31 Jan 2025, 08:28 pm
Summary
UPL Ltd. has reported its financial results for the third quarter and nine months ended December 31, 2024. The company's revenue for Q3FY25 increased by 10%, driven by a 9% increase in volumes, 5% increase in price, and a 4% decline due to foreign exchange (Fx) mainly in Brazil. The contribution margin and EBITDA margin increased due to product mix, rebate normalization, and COGS improvement. The seeds business performed robustly, driven by grain sorghum, sunflower, and corn. Net debt decreased by $745M vs. last year, and $363M increase in net debt vs. Mar ’24, significantly lower than the previous year's increase.
Key Highlights
- 1
Revenue for Q3FY25 was up by 10%
- 2
Contribution margin increased by 1,380bps
- 3
EBITDA margin increased by 1,560bps
- 4
Net debt decreased by $745M vs. last year
- 5
Strong performance in seeds business, driven by grain sorghum, sunflower and corn
Management Comments
Jai Shroff
We are seeing strong bounce back versus last year, with normalization of business, and recovery of volumes and prices. This has helped in regaining our contribution margins back to our previous higher levels. Through strong focus, the team has done a commendable job in bringing down the working capital, resulting in a significant reduction of our net debt versus September, 2024. With this strong performance, we are confident of delivering our EBITDA and free cash flow guidance for the full year.
Mike Frank
The global crop protection market continues to rebound as farmers and dealer buying patterns are now reset. Our volume growth of 14% in this past quarter demonstrates continued strong demand across regions, and our ability to increase market share. Through our focus on customers, driven by investments in marketing excellence, new launches and differentiated solutions, we have improved our margins, as compared to the last few quarters. We expect benefits from this to continue in Q4 as well as in the next financial year
Informational and educational content only. Not investment advice.