Q1 2025 UPL Ltd Earnings Call Transcript
Key Points
- Revenue growth for the first quarter was flat at 1%, driven by a 16% increase in volumes.
- Global Crop Protection business grew by 5%, showcasing strong performance in key regions.
- Net working capital decreased by 1 day as of June 30, 2025, indicating improved efficiency.
- Net finance costs remained largely flat despite a significant rise in benchmark rates.
- UPL Ltd maintains its guidance for EBITDA growth of greater than 50% over FY24 and cash flow from operations of INR300 million to INR400 million.
- Contribution margins were lower by 620 basis points year-on-year, primarily due to price decline and increased trade expenses.
- EBITDA dropped by 28% year-on-year, reflecting ongoing financial challenges.
- Advanta, the seeds platform, faced headwinds due to weather challenges, impacting production and leading to a 7% decline in sales and a 13% drop in EBITDA.
- Net debt increased by INR639 million in June 2024, indicating higher financial leverage.
- The company reported a net loss of INR384 crores for the quarter, driven by the significant drop in EBITDA.
Ladies and gentlemen, good day, and welcome to the UP Limited FY 2025 earnings conference call. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Sonalika Dhar. Thank you, and over to you, ma'am
Thanks, Sejal. Good afternoon, everyone. Thanks for joining us today for the results for Q1 ending June 30, 24. The presentation, press release and the financial statements have been made available on the website. And we take it that you have read the Safe Harbor statement. From our management team, we have with us today, Chairman and Group CEO, Jai Shroff; Vice Chairman, Rajendra Darak; CEO of our Global Crop Protection business, Mike Frank; CFO, Anand Vora; CEO of our India Crop Protection platform, Ashish Dobhal; CEO of our Seed Business Advanta, Bhupen Dubey; and CEO of our Specialty Chemicals
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