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UPL Ltd News

UPL slides 6% on weak Q4 earnings; profit drops 95% hit by lower prices

The total revenues of UPL dropped by 15 per cent year on year (YoY) at Rs 14,078 crore in the March quarter of FY24 as against Rs 16,569 crore in the corresponding quarter of the previous fiscal year

UPL slides 6% on weak Q4 earnings; profit drops 95% hit by lower prices
Updated On : 14 May 2024 | 11:51 AM IST

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13

All you need to know before the market opens on Monday, May 13: Gift Nifty hints gap-down open; India's IIP growth rate slows; Jindal Steel, DLF, UPL and Zomato Q4 results today.

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13
Updated On : 13 May 2024 | 7:02 AM IST

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs

Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs
Updated On : 21 Feb 2024 | 12:23 PM IST

Moody's downgrades agri solutions provider UPL, maintains negative outlook

Credit rating agency Moody's Investors Service on Tuesday downgraded agriculture solutions provider UPL to Ba1 and maintained the negative outlook on deterioration in the agrochemical industry. Moody's has downgraded the senior unsecured rating for UPL Corporation (UPL Corp) to Ba1 from Baa3 and has also downgraded the rating on the long-term junior subordinated rating on UPL Corp's USD 400 million undated perpetual Eurobonds to Ba3 from Ba2, the credit rating agency said in a statement. Further, Moody's has assigned a Ba1 corporate family rating (CFR) to UPL Corp and withdrawn the company's Baa3 issuer rating. "The downgrade to Ba1 is driven by a protracted deterioration in the agrochemical industry fundamentals that will keep UPL's credit metrics weaker than our expectation for an investment-grade rating," Moody's Senior Vice President Kaustubh Chaubal said. The Moody's rating action is following UPL's weak operating results for the third quarter of the fiscal ending March 2024 .

Moody's downgrades agri solutions provider UPL, maintains negative outlook
Updated On : 07 Feb 2024 | 12:07 AM IST

UPL stock slumps 11% on weak Q3 performance, triggers downgrades

Weak near-term outlook could worsen cash flows for the company

UPL stock slumps 11% on weak Q3 performance, triggers downgrades
Updated On : 05 Feb 2024 | 7:32 PM IST

UPL slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24

The company said revenue and margin to be impacted by global channel destocking and ongoing pricing pressure in post patent space exacerbated by higher rebates.

UPL slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24
Updated On : 05 Feb 2024 | 10:51 AM IST

UPL Q3 results: Company posts consolidated net loss at Rs 1,217 crore

Sustainable agriculture products and solutions provider UPL on Friday reported a consolidated loss of Rs 1,217 crore during the December 2023 quarter. The company's net profit stood at Rs 1,087 crores during the corresponding quarter of the previous financial year, the company said in a regulatory filing. Its revenue from operations declined 27.72 per cent to Rs 9,887 crore in the quarter under review from Rs 13,679 crore a year ago. "Destocking continued to weigh down the global agrochemical market. Overall, prices remained stable quarter-on-quarter in the crop protection business but came off significantly compared to the high base of the previous year amid intense post-patent price competition. "Given this backdrop, our third quarter performance was significantly impacted by these headwinds in line with the rest of the industry, which is currently experiencing its worst downturn in decades," UPL Corporation CEO Mike Frank said. However, the company did see a pick-up in volumes

UPL Q3 results: Company posts consolidated net loss at Rs 1,217 crore
Updated On : 02 Feb 2024 | 10:01 PM IST