UPL's (formerly known as United Phosphorous) first quarter earnings may be steady driven by India and Latin America businesses. Consolidated net profit is seen rising 11.4 percent year-on-year to Rs 294 crore and revenue may jump 12.3 percent to Rs 3,096 crore, according to the average of estimates of analysts polled by CNBC-TV18.The crop protection products producer will announce its earnings on July 29.
Analysts believe overall growth momentum may continue. Barring Europe, most geographies may see steady growth during the quarter. They see 11-13 percent growth in domestic markets and 10-15 percent growth in international markets. Rest of World market may see robust 17 percent growth.
Operating profit (earnings before interest, tax, depreciation and amortisation) is likely to increase 14.5 percent year-on-year to Rs 599 crore and margin may expand 30 basis points to 19.3 percent in the quarter.
Key factors to watch out for are update on season in the US, EU & Kharif crop in India; sales split between herbicides, insecticides, fungicides and others; growth trajectory in India (25-30 percent of revenues) & Latin America (25-30 percent of revenues); and outlook on North American & RoW businesses.
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