Quarterly Results: UPL Ltd's
Shital Jibhe / 01 Nov 2016
UPL Ltd's Q2FY17 consolidated numbers have come in mixed compared to Bloomberg estimates. Revenue has come in higher by 11.2% from Bloomberg estimates of Rs 3290 crore.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change is bps
UPL Ltd's Q2FY17 consolidated numbers have come in mixed compared to Bloomberg estimates. Revenue has come in higher by 11.2% from Bloomberg estimates of Rs 3290 crore. Also, EBITDA is 31.6% higher than the estimated figure of Rs 475 cr. However, net profit has come in 41% lower than the Bloomberg estimates of Rs 287 cr.
The consolidated revenue for the quarter is higher by 16.7% yoy at Rs 3658 cr. This is due to 18% yoy increase in Agro segment.
EBITDA has increased by 18.6% yoy to Rs 625 cr; while EBITDA margins have increased by 30 bps yoy to 17.1%. Net profit has increased by 18.6% yoy to Rs 166 cr.
Technical View:
UPL Ltd., is currently trading at Rs. 680.9, down by 25.2 points or 3.57% from its previous closing of Rs. 706.1 on the BSE.
The scrip opened at Rs. 705 and has touched a high and low of Rs. 713.75 and Rs. 671.05 respectively. So far 2396938 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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