UPL Q1 Review - Higher Fixed Overheads Negate Impact Of Gross Margin Expansion: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.UPL Ltd. reported lower than expected results with topline growth of 9% to Rs 85 billion (our estimate - Rs 87 billion) led by 6%/2%/1% volumes/realisations/exchange impact. India/ Latin America/Canada, Mexico and U.S. business grew by 27%/24%/19% while Europe/rest of world business declined 11%/14% YoY due to weather related issues. Net debt was higher by Rs 25.5 billion QoQ at Rs 214.7 billion due to higher working capital, which was up by seven days to 91. UPL's management guidance of 7-10% topline growth, 12-15% Ebitda growth and less than two times net debt:Ebitda for FY22 remains intact and will be driven by its sustainable solutions (carved out into a new entity) and strong agrochemicals demand worldwide, given remunerative crop prices and supply chain issues. . Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

UPL Q1 Review - Higher Fixed Overheads Negate Impact Of Gross Margin Expansion: Prabhudas Lilladher

UPL Q1 Review - Higher Fixed Overheads Negate Impact Of Gross Margin Expansion: Prabhudas Lilladher

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