UPL Q4 Review - Hitting The Right Formula: Centrum Broking
Pesticide foams from the nozzle of crop spraying equipment held by a worker on the farm of Jarnail Singh in Jajjal village, Punjab. (Photographer: Prashanth Vishwanathan/Bloomberg).

UPL Q4 Review - Hitting The Right Formula: Centrum Broking

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Centrum Broking Report

UPL Ltd. delivered a record Q4 to close out a record FY21E, with revenue/Ebitda/profit after tax for the quarter growing 15/37/51% YoY and FY21 revenue/Ebitda/profit after tax growing 8.2/23.4/40% YoY.

Favorable agronomic conditions in India, record high prices in the USA and Europe helped offset currency related losses specifically in Brazil.

The synergies from the Arysta acquistion have played a role as well in FY21 performance, with revenue and cost synergies of $443/235 million achieved a year before target.

Sustained focus on the move to differentiated product solutions and a more comprehensive offering to farmers from seed to post harvest care has helped improve pricing power and that reflects in higher realizations over the year.

Click on the attachment to read the full report:

Centrum Broking UPL- Q4FY21 Result Update .pdf

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