UPL gains despite reporting a 38% fall in Q4 consolidated net profit!
UPL has reported results for the fourth quarter (Q4) and the year ended March 31, 2023.
Quarterly and Annual results
The company has reported a net loss of Rs 163 crore for the quarter under review as compared to a net profit of Rs 703 crore for the same quarter in the previous year. The total income of the company decreased by 26.59% at Rs 3602 crore for Q4FY23 as compared to Rs 4907 crore for the corresponding quarter previous year.
On a consolidated basis, the company has reported a 37.75% fall in its net profit at Rs 1080 crore for the fourth quarter ended March 31, 2023, as compared to Rs 1735 crore for the same quarter in the previous year. However, the total income of the company increased by 5.03% at Rs 16780 crore for Q4FY23 as compared to Rs 15977 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, on a consolidated basis, the company has reported a 0.51% marginal fall in its net profit at Rs 4414 crore as compared to Rs 4437 crore for the previous year. However, the total income of the company increased by 16.19% at Rs 54053 crore for the year under review as compared to Rs 46521 crore for the year ended March 31, 2022.
Share price movement of UPL Limited
Today, the stock opened at Rs 715.05, with a high and low of Rs 724.75 and Rs 701. The stock closed trading at Rs 714.75, up by 0.01%.
The stock has a 52-week high of Rs 827.30 and a 52-week low of Rs 607.80. The company has ROE and ROCE of 13.5 and 15.8 and a market capitalisation of Rs 53,661 crore.
Company profile
UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and the production and sale of field crops and vegetable seeds.
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