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02-Feb-2024

UPL

Report net loss of Rs 1217 crore in Q3


'UPL consolidated net sales declined 27.72% to Rs 9887 crore during Q3FY24 compared to Q3FY23.  Sales of Non Agro segment has gone down 9.25% to Rs 520.00 crore (accounting for 5.23% of total sales).  Sales of Crop Protection segment fell 30.68% to Rs 8,495.00 crore (accounting for 85.41% of total sales).  Sales of Seeds Business segment has gone up 2.08% to Rs 931.00 crore (accounting for 9.36% of total sales).  Inter-segment sales came down from Rs 62.00 crore to Rs 58.00 crore. 

Revenue and EBITDA for Q3 continued to be impacted by global channel destocking and ongoing pricing pressure in post patent space exacerbated by higher rebates.

Operating profit margin has declined from 21.08% to 0.94%, leading to 96.78% decline in operating profit to Rs 93.00 crore.  Raw material cost as a % of total sales (net...



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