United Phosphorous - 4QFY2013 results - Angel Broking

United Phosphorus, 4QFY2013 numbers came in robust. The top line grew by 30.8% to Rs. 2773cr. The top line growth was driven by both exports and domestic business which grew by 25.0% and 33.0% respectively. The exports growth came on back of the North America and Europe, which grew by 49% and 37% respectively. Latin America, also grew strongly by 34%, while Rest of the world grew by only 13% during the period. The top line growth was driven by 16% volumes, while price rise was around 4%. Exchange impact on sales growth was around 12%. The OPM came in at 17.6% almost same as 17.9%. This aided the Net Profit to grow by 37.9% yoy to end the period at Rs. 278cr, on back of top-line growth.

We recommend a buy with a price target of Rs. 192 and recommend buy on stock.

Source : Equity Bulls

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