UPL (formerly United Phosphorus) has surged 9% to Rs 252 after reporting a robust 28% year-on-year growth in adjusted consolidated net profit at Rs 405 crore for the fourth quarter ended March 31, 2014 (Q4FY2014), mainly due to higher operational income and lower employee costs. The agrochemicals maker had reported profit of Rs 317 crore in the year-ago quarter.
The company had exceptional items of Rs 25.1 crore and prior period adjustments to the extent of Rs 23.9 crore during the quarter.
The company’s net sales rose 19% to Rs 3,296 crore during the quarter under review against Rs 2,773 crore in the corresponding quarter of the previous fiscal.
On the operating front, it posted EBIDTA margins of 19.1% against 17.6% in Q4FY2013. The main reason for the margin expansion was the 2.5% y-o-y dip in employee expenses.
The stock opened at Rs 234 and touched a 52-week high of Rs 254 on the NSE. The counter has seen huge trading activity, with a combined 7.77 million shares already changed hands till 1000 hours. An average sub 2 million shares were traded daily in the past two weeks on the NSE and BSE.
The company had exceptional items of Rs 25.1 crore and prior period adjustments to the extent of Rs 23.9 crore during the quarter.
The company’s net sales rose 19% to Rs 3,296 crore during the quarter under review against Rs 2,773 crore in the corresponding quarter of the previous fiscal.
On the operating front, it posted EBIDTA margins of 19.1% against 17.6% in Q4FY2013. The main reason for the margin expansion was the 2.5% y-o-y dip in employee expenses.
The stock opened at Rs 234 and touched a 52-week high of Rs 254 on the NSE. The counter has seen huge trading activity, with a combined 7.77 million shares already changed hands till 1000 hours. An average sub 2 million shares were traded daily in the past two weeks on the NSE and BSE.
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