UPL Ltd. the agrochemical manufacturer ended with losses of over 6% on Friday, August 1, despite its net loss narrowing during the June quarter, compared to the loss that it reported during the same quarter last year.The company reported a net loss of ₹88 crore, compared to a net loss of ₹384 crore that it reported during the same quarter last year.
UPL’s impairment costs at the end of the June quarter increased to ₹192 crore from ₹87 crore last year.
Clients receivables have been replaced with credit-impaired assets, which resulted in a non-cash loss of ₹112 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased to ₹1,303 crore from ₹1,146 crore. The figure is higher than the CNBC-TV18 poll of ₹1,183 crore.EBITDA margin for the quarter also increased to 14% from 12.6% last year, also higher than the CNBC-TV18 poll of 13%.
UPL’s impairment costs at the end of the June quarter increased to ₹192 crore from ₹87 crore last year.
Clients receivables have been replaced with credit-impaired assets, which resulted in a non-cash loss of ₹112 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased to ₹1,303 crore from ₹1,146 crore. The figure is higher than the CNBC-TV18 poll of ₹1,183 crore.EBITDA margin for the quarter also increased to 14% from 12.6% last year, also higher than the CNBC-TV18 poll of 13%.
For the full year, UPL has maintained its revenue growth guidance to be between 4% to 8%, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) growth guidance has also been maintained between 10% to 14%.
UPL’s investor presentation highlights that its net debt has come down by over ₹6,000 crore from ₹27,500 crore at the end of the June quarter last year, to ₹21,371 crore this year. However, the number is a significant increase from the March quarter number of ₹13,858 crore.
Shares of UPL ended 6.2% lower on Friday at ₹660. Despite this fall, the stock is still up 32% so far in 2025.