Views on United Phosphorous Ltd 4QFY2016 Results: Angel Broking

Views of Ms. Sarabjit Kour Nangra (VP- Research Pharma , Angel Broking) on United Phosphorous Ltd. 4QFY2016 Results:

"UPL posted robust growth during the quarter. For 4QFY2016, the company posted a sales of INR 4340cr, posting a YoY growth of 20%, mainly lead by the 25% growth in volume, along with the 1% rise in the price. The exchange rate during this period dipped by 6.0%. In terms, of geography the Latin America (INR 1428cr) posted a growth of 57% YoY, Europe(INR 872cr) a YoY growth of 8%, USA (INR 971cr) a YoY growth of 13% and India ( INR 417cr) a YoY growth of 4%. The ROW region posted flat sales of INR 652cr. On the operating front, strong sales growth lead, the Gross margins come in at 40.1% V/s 38.4% in 4QFY2015, leading the OPM coming in at 22.6% V/s 21.7% in 4QFY2015. Thus the net profit came in at INR 552cr V/s INR 440cr, a YoY growth of 25.0%. We remain NEUTRAL on the stock".

Shares of UPL Limited was last trading in BSE at Rs.538.35 as compared to the previous close of Rs. 516.85. The total number of shares traded during the day was 384773 in over 11581 trades.

The stock hit an intraday high of Rs. 542 and intraday low of 518. The net turnover during the day was Rs. 204244401.

Source : Equity Bulls

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