UPL's Q4 2024 Financial Results Show Negative Performance, Concerns Over Non-Operating Income
UPL, a leading company in the pesticides and agrochem industry, reported a negative performance in the quarter ending March 2024. The company's PBT and PAT have seen a significant decline of 99.26% and 95.1% respectively. Interest cost has increased by 45.19%, while net sales have fallen by 15.03%. Non-operating income is 93.33% of PBT, raising concerns about the company's reliance on non-business activities. MarketsMojo has given a 'Sell' call based on these disappointing financial results.
UPL, a largecap company in the pesticides and agrochem industry, recently announced its financial results for the quarter ending March 2024. According to the data released on May 13, 2024, the company has seen a very negative performance in this quarter with a score of -22, which is an improvement from the previous quarter's score of -33.
The company's Profit Before Tax (PBT) has fallen by 99.26% year on year, standing at Rs 9.00 crore. The Profit After Tax (PAT) has also seen a significant decline of 95.1% year on year, with a total of Rs 40.00 crore. This trend is expected to continue in the near term.
UPL's interest cost has increased by 45.19% over the previous half-yearly period, reaching Rs 2,281.00 crore. This indicates a rise in borrowings for the company. The Net Sales for the quarter have also fallen by 15.03% year on year, standing at Rs 14,078.00 crore. This shows a very negative sales trend in the near term.
Moreover, the company's Non-Operating Income is 93.33% of its PBT, which is a cause for concern as it indicates a high reliance on non-business activities for income. Overall, UPL's financial performance for the quarter ending March 2024 has been disappointing, leading to a 'Sell' call by MarketsMOJO.
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