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UPL Achieves Strong Q4 Results with Debt Reduction Plans for FY25

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6 months ago

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UPL Ltd., a leading agrochemical company, has announced its Q4 results showcasing a remarkable performance in revenue and profit. The company reported a consolidated net profit of ₹40 crore for the quarter, surpassing expectations.

Revenue stood at ₹14,078 crore, marking a significant 20% increase year-on-year. The full-year revenue for 2024 came in at ₹43,098 crore, with management anticipating a growth range of 4% to 8% for FY25.

The EBITDA for the quarter was reported at ₹1,932 crore, showing a substantial 59% YoY increase. Operating margins also expanded by 340 basis points compared to the previous year.

UPL’s CEO, Mike Frank, highlighted the success of their high-margin products like Evolution, Feroce, and Shenzi, which saw a growth of over 50% in volumes.

The company plans to use $300-400 million operational cash generation towards debt reduction, aiming to strengthen its financial position. Additionally, a dividend of ₹1 per equity share has been recommended by the Board.

Looking ahead to FY25, UPL anticipates a return to growth and margin normalization as the agrochemical market stabilizes. Priority is set on deleveraging the balance sheet through operational cash flows and strategic capital raise opportunities.

Shares of UPL Ltd. surged nearly 7% following the positive Q4 results, trading at ₹535 apiece on the NSE.

Rachel Adams

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