Conference Call with UPL Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: Jai Shroff and senior management
Agrochemicals UPL declares Q3FY22 result: Q3FY22 Revenue up 24% and EBITDA up 21% Q3 FY22 Revenue witnessed robust growth of 24% YoY to reach INR 11,297 crore, led by healthy growth in volumes (+11%) and better product realizations (+13%) Q3 FY22 EBITDA grew by 21% YoY to INR 2,666 crore as against INR 2,209 crore in Q3 FY21. Inhouse manufacturing with backward integration linkages supported by effective raw material sourcing and overall cost management helped in keeping the EBITDA margins largely intact, despite the higher input costs and a sharp rise in freight charges Without considering the strategic long-term Investment of INR 75 crore in our digital platform, EBITDA growth was 23% YoY and EBITDA margin was 24.3%, in-line versus Q3 FY21 Commenting on the performance, Mr. Jai Shroff, CEO – UPL Ltd., said “UPL delivered another quarter of strong business performance in a challenging environment with growth across all regions except India. We are confident of continuing this business momentum and ending the fiscal year 2022 on a strong note. During the quarter, we announced a new strategic partnership in Brazil with ‘Bunge’, a world leader in sourcing, processing, and supplying oilseed and grain products and ingredients. We also undertook multiple initiatives to re-imagine sustainability and in Q3, we successfully raised a sustainability loan of US$700 million. At the same time, furthering our commitment to the Gigaton challenge, our digital platform ‘nurture.farm’ successfully completed its Crop Residue Management Program, thereby preventing release of over 1 million tons of carbon emissions. Taken together, these initiatives underscore UPL’s commitment to sustainability as we continue to raise the bar for the industry as a whole with UPL being ranked once again as the #1 global crop protection company amongst its peers by Sustainalytics in its 2021 ESG rankings.” Result PDF