UPL | Business Upturn

UPL invests USD 86.7 million in Sinova to increase stake to 55.81%

Yash Agarwal — Sat, 25 Apr 2026 09:54:54 +0000

UPL Limited has announced a significant investment of approximately USD 86.7 million (BRL 450 million) in Sinova Inovacoes Agricolas S.A., a key associate entity. This strategic move will see UPL‘s stake in Sinova rise from 49.97% to 55.81%, enhancing its influence in the Brazilian agricultural market.

Sinova, formerly known as Sinagro Produtos Agropecuarios S.A., is a major reseller of grains and agricultural products, with a strong presence in Brazil’s Cerrado savanna region. The company reported a turnover of USD 329 million in 2025, USD 417 million in 2024, and USD 849 million in 2023.

The investment will be utilised for equity infusion to address Sinova’s working capital needs and to reduce its debt. Sinova plays a crucial role in promoting and reselling UPL products in one of Brazil’s main agricultural regions, aligning with UPL’s core business objectives.

The transaction is classified as a related party transaction, as Sinova is held by UPL’s step-down subsidiary, United Phosphorus Holdings Brazil B.V. However, the promoter group does not hold any direct or indirect interest in this transaction.

No additional regulatory approvals are required for this investment, which is expected to be completed on or before May 15, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top stocks to watch today – February 23: Axis Bank, UPL, Vedanta, Adani Ports, SBI Life, NHPC, IDFC First, Cipla and more

Aman Shukla — Mon, 23 Feb 2026 03:03:31 +0000

Indian markets are expected to react to a mix of corporate developments, regulatory actions, fund-raising plans, order wins and policy updates on February 23. Here is a detailed look at the key stocks likely to remain in focus today.

Stocks in Focus

Axis Bank stated that it has neither submitted nor is planning to submit any bid for a stake in CreditAccess. The clarification comes amid market speculation and could influence sentiment around the stock.

SBI Life Insurance received partial relief in a tax demand appeal. The disputed amount has been reduced to ₹159 crore from ₹288.66 crore, offering some regulatory comfort.

IDFC First Bank reported a ₹590 crore fraud at its Chandigarh branch and has appointed KPMG to conduct an independent forensic audit. The development is likely to keep the stock under scrutiny.

AU Small Finance Bank and IDFC First Bank were de-empaneled for government business in Haryana. AU SFB clarified that there is no indication of fraud linked to the action.

UCO Bank faces a monetary penalty of ₹38.60 lakh imposed by the RBI for non-compliance with certain regulatory directions.

Central Bank of India entered into a distribution agreement with SBI Funds Management for distributing mutual fund products, potentially expanding its third-party product offerings.

UPL has scripted a demerger scheme to separate and list its crops business, with a share entitlement ratio of 1:1. The restructuring is a significant corporate development for the agrochemical major.

Vedanta will hold a board meeting on February 25 to consider raising funds through non-convertible debentures (NCDs). Investors will watch for details on the size and structure of the proposed fundraising.

NHPC approved investment proposals worth ₹5,703 crore in Jammu & Kashmir, indicating expansion in the hydro power segment.

Kiri Industries informed that promoters have repaid a loan taken against pledged shares, and the company’s guarantee has been released.

Syrma SGS Technology announced an extension of the long-stop date for the acquisition of 49% in Ksolare in a joint venture with Premier Energies.

NCC received relief from the Delhi High Court, which ordered that the debarment by NHAI will remain in abeyance until March 10, 2026.

Highway Infrastructure secured orders worth ₹225 crore from NHAI and the Indore Development Authority.

DEE Development Engineers bagged contracts worth ₹173 crore from BHEL and another joint venture.

R&B Denims won a supply contract worth ₹216 crore.

RailTel Corporation of India and Ashoka Buildcon received a Letter of Intent from the Maharashtra government for a contract valued at ₹1,136 crore over five years.

Godrej Properties plans to develop approximately 18 acres in Thane, Mumbai, with a revenue potential exceeding ₹7,500 crore.

Narayana Health acquired 3.3 acres of land with buildings in Bengaluru to set up a Global Capability Centre (GCC) and expand operations.

WeWork India entered into a lease deed for capacity addition in Bengaluru, with an investment of ₹42 crore.

Prestige Estates Projects signed a definitive agreement with BMRCL to adopt the Bellandur Metro Station, involving an investment of ₹115 crore.

Adani Ports and Special Economic Zone and NMDC Limited signed an MoU with Vale S.A. to set up an iron ore blending unit at Gangavaram Port. The collaboration may strengthen raw material logistics.

Vikram Solar entered into a domestic cell procurement agreement with Jupiter International Limited worth ₹2,000 crore.

Bharat Heavy Electricals Limited saw a commercial court attach ₹56 crore in one of its accounts in a petition filed by Indwell Construction.

Cipla Limited said that the US FDA classified the Rodopi, Greece manufacturing unit of its Lanreotide supply partner as Official Action Indicated (OAI). Regulatory classifications often impact sentiment in pharma counters.

PVR Inox Limited opened a 7-screen multiplex at Inorbit Mall in Hubballi, Karnataka, marking further network expansion.

Allcargo Terminals Limited reported January volumes up 8% year-on-year but down 5% month-on-month.

eMudhra Limited expanded into Central Asia with a new regional office in Almaty, Kazakhstan.

TIPS Industries Limited stated that a GST department search has concluded with no material financial impact.

Nuvama Wealth Management Limited received a warning letter from NSE to its arm NWIL, advising caution and avoidance of recurrence.

Sasken Technologies Limited and Quick Heal Technologies Limited may see volatility after the launch of Claude Code Security triggered a reported $15 billion sell-off in global cybersecurity stocks.

UPL announces combining of crop businesses as part of reorganisation

Aman Shukla — Fri, 20 Feb 2026 10:17:18 +0000

UPL Limited has approved a Composite Scheme of Arrangement to reorganise and integrate its crop protection businesses. The decision was taken by the Board of Directors at its meeting held on February 20, 2026, based on the recommendations of the Audit Committee and the Committee of Independent Directors, in accordance with Regulation 30 of SEBI Listing Regulations.

The approved scheme involves UPL Limited (referred to as UPL 1), UPL Sustainable Agri Solutions Limited (UPL SAS), UPL Global Sustainable Agri Solutions Limited (UPL 2), and UPL Crop Protection Holdings Limited (UPL Cayman), along with their respective shareholders. The arrangement is proposed under Sections 230 to 232 and 234 of the Companies Act, 2013 and other applicable provisions.

Under the scheme, UPL SAS will first be amalgamated into UPL Limited. Thereafter, the India Crop Protection Business will be demerged from UPL Limited and transferred to UPL 2. In the final step, UPL Cayman, which is incorporated in the Cayman Islands, will be amalgamated into UPL 2.

In 2022, following shareholder approval, UPL Limited had initiated a process to simplify and rationalise its holding structure across various businesses. As part of that exercise, the India-specific crop protection platform was carved out and placed under UPL SAS, while the international crop protection business continued to operate through UPL Cayman within the global subsidiary structure.

With the current scheme, the India-specific crop protection business and the international crop protection business will be integrated into UPL 2, resulting in a single platform for the crop protection business at the global level. Pursuant to the scheme, UPL 2 will be listed on Indian stock exchanges, subject to necessary approvals.

UPL Q3 results: Shares jump nearly 2% ahead of earnings announcement

Aman Shukla — Mon, 02 Feb 2026 04:10:59 +0000

Shares of UPL were trading with positive momentum in early trade on Monday, rising nearly 2% ahead of the company’s Q3 results announcement.

As of 9:39 AM IST, UPL shares touched an intraday high of ₹679.25 after opening at ₹669.25. The stock had slipped to a low of ₹668.00 earlier in the session.

The counter witnessed a trading volume of 5,32,172 shares in the early hours, reflecting heightened market participation ahead of the earnings outcome. Over the past year, UPL shares have moved between a 52-week low of ₹567.75 and a 52-week high of ₹812.20, highlighting the stock’s volatility during this period.

Market participants remain focused on UPL’s Q3 performance, with attention on revenue trends, margins, and management commentary.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

UPL Q2 Results: Revenue rises 8.4% YoY to Rs 12,019 crore, net profit at Rs 553 crore

Aman Shukla — Thu, 06 Nov 2025 08:40:47 +0000

UPL Ltd delivered an impressive turnaround in its financial performance for the second quarter of FY2025, reporting a strong rebound in profitability and a sharp rise in operating margins.

The company posted a net profit of ₹553 crore, compared to a loss of ₹443 crore in the same quarter last year, reflecting a solid recovery in both domestic and global markets. UPL also recorded a one-time gain of ₹142 crore, against a one-time loss of ₹8 crore in the previous year, which further boosted the bottom line.

Revenue from operations grew 8.4% year-on-year to ₹12,019 crore, up from ₹11,090 crore in Q2 FY2024.

Operating performance saw a significant improvement as EBITDA surged 40% to ₹2,205 crore, compared to ₹1,575 crore in the previous year. The EBITDA margin expanded to 18.3% from 14.2% YoY.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

UPL subsidiary to acquire 49% stake in Thailand’s Grow Chemical Co

Aman Shukla — Mon, 01 Sep 2025 11:16:49 +0000

UPL Limited, through its step-down subsidiary UPL Global Limited (United Kingdom), has announced that it will acquire a 49% stake in Grow Chemical Co Ltd, a Thailand-based agrochemical company. The acquisition will be executed by subscribing to fresh equity shares worth USD 0.76 million, with completion expected on or before December 31, 2025.

Grow Chemical Co Ltd, incorporated in 2011 as a subsidiary of Baka Company Ltd, is engaged in sourcing and selling agrochemicals, fertilizers, herbicides, insecticides, fungicides, and plant nutrients in Thailand. Over the past three financial years, the company reported turnovers of USD 7.4 million (FY24), USD 8.8 million (FY23), and USD 9.5 million (FY22).

The deal is not a related party transaction and does not require additional regulatory approvals. Through this partnership, UPL Global and Baka aim to strengthen innovation and deliver sustainable agricultural solutions tailored for Thailand’s farmers. The collaboration will leverage UPL’s global expertise in crop protection alongside Baka’s strong market presence and operational capabilities.

Post-investment, Grow Chemical will focus on expanding its product portfolio, accelerating regulatory approvals, and driving growth in Thailand’s agrochemical sector. The emphasis will remain on promoting sustainable farming practices aligned with the country’s agricultural development goals.

UPL subsidiary acquires Wuhan Advanta Seeds to expand presence in China

Aman Shukla — Wed, 09 Jul 2025 10:15:24 +0000

UPL Ltd. announced today that its step-down subsidiary, Advanta Seeds International Mauritius, has entered into an agreement to acquire 100% equity in Wuhan Advanta Seeds Company Limited (Advanta China). The acquisition, valued at USD 4,200, marks UPL’s strategic expansion into the Chinese agricultural market.

Advanta China, incorporated on June 25, 2024, will operate in the seeds and agri-related business. While the company is newly established with no prior turnover, its formation is aimed at strengthening UPL’s footprint in Asia’s fast-growing agri-sector.

The acquisition does not fall under a related party transaction, and neither the promoter group nor group companies have any direct or indirect interest in the deal. No additional regulatory approvals are required, and the transaction is expected to be completed by or before September 30, 2025.

This move aligns with UPL’s long-term growth strategy to expand its global seed business through Advanta Enterprises Ltd., in which UPL holds a 74.69% stake.

UPL’s Advanta Brazil to sell Serra Bonita assets for $125 million

Aman Shukla — Fri, 06 Jun 2025 12:11:12 +0000

Advanta Comércio de Sementes Ltda. (“Advanta Brazil”), a leading global seed company and part of the UPL Group, has announced the sale of all assets of its Brazilian associate company, Serra Bonita Sementes S.A. (“Serra Bonita”), for a total consideration of USD 125 million, subject to closing adjustments. Advanta holds a 33% stake in Serra Bonita.

This strategic transaction highlights UPL’s focus on optimizing its asset portfolio and unlocking shareholder value. The proceeds from the sale will be received by Serra Bonita and are expected to be fully distributed to its shareholders in the coming months. The sale process will conclude with the legal winding-up of Serra Bonita.

Advanta, as part of UPL Group, specializes in the research, development, production, and commercialization of high-performance seeds, with an emphasis on climate-smart crops designed to tackle global climate variability. The company’s strengthened collaboration with the Roquetto Group underlines its commitment to sustainable innovation and the promotion of regenerative agriculture practices throughout Brazil.

UPL also extended its gratitude to the management, employees, and shareholders of Serra Bonita for their valuable partnership and contributions over the years, reaffirming its dedication to continued shared growth and enhanced strategic alignment.

UPL’s Advanta Seeds acquires corn assets from K-Adriatica to strengthen European market presence

Aman Shukla — Mon, 02 Jun 2025 09:38:32 +0000

Advanta Seeds, a global seed company under the UPL Group, has acquired key corn assets from K-Adriatica, an Italian agricultural company. The acquisition includes temperate corn breeding germplasm, a pipeline of corn hybrids, and a diverse corn product portfolio.

This acquisition aims to enhance Advanta Seeds’ position in the European corn seed market. The corn germplasm acquired is tailored to European growing conditions, aligning with Advanta Seeds’ strategy to provide region-specific solutions.

K-Adriatica, with over five decades of experience in the agricultural sector, has developed a reputation for quality and innovation. Its corn assets will be integrated into Advanta Seeds’ global breeding program, which is expected to support the development of hybrids suited to European climates.

“We are thrilled about this acquisition,” commented Bhupen Dubey, Global CEO of Advanta Seeds. “Europe is a highly diverse agricultural region, and by combining our global expertise with locally adapted genetics, we aim to develop superior corn hybrids with consistent performance. This acquisition also supports our broader strategic ambition, enabling us to leverage these assets in other key markets including north India, Australia, South Africa, Argentina, China, and the USA. We look at acquisition opportunities on a regular basis as a part of our inorganic growth strategy and proceed with the one which fits our portfolio strategy the most.”

Through this acquisition, Advanta Seeds continues its focus on expanding crop portfolios and supporting regional agricultural needs with targeted seed technologies.

UPL subsidiary redeems USD 400 million bonds

Aman Shukla — Wed, 28 May 2025 05:37:26 +0000

UPL Limited has announced that its wholly owned subsidiary, UPL Corporation Limited, Mauritius (“UPL Corp”), has completed the redemption of bonds totaling USD 400 million.

According to an official update from UPL Limited, this development follows a prior communication dated May 15, 2025. The bonds were redeemed at a price equal to their principal amount, along with accrued interest up to, but excluding, the redemption date. The payment also covered any arrears of interest, as applicable.

In th excahgne filing, the copmany shared, “Further to our letter dated 15th May, 2025, we wish to inform you that we have today received an intimation from UPL Corporation Limited, Mauritius (“UPL Corp”), a wholly owned subsidiary of the Company that it has redeemed all the Bonds aggregating to USD 400 Million. The redemption price was equal to the principal amount together with any interest accrued to but excluding the Redemption Date (including any Arrears of Interest)”

This bond redemption marks a significant step in UPL Corp’s financial commitments and capital structure management.

Stocks hitting 52-week highs today, April 24: UltraTech Cement, UPL, Bajaj Finance, JK Cement and more

Aman Shukla — Thu, 24 Apr 2025 10:25:36 +0000

Despite broader market weakness on April 24, 2025, with the BSE Sensex closing 315.06 points lower at 79,801.43 and the Nifty 50 down by 82.25 points at 24,246.70, several stocks on the Indian exchanges touched their 52-week highs during the session.

Here’s a look at the stocks that reached their 52-week highs:

UltraTech Cement: The stock reached ₹12,188.00 today, hitting a new 52-week high. It closed at ₹12,159.00, gaining 1.76%.
UPL: The stock reached ₹687.00, a new 52-week high, and closed at ₹684.20, up by 0.63%.
SBI Cards and Payment Services: Closed at ₹926.55, achieving a 52-week high of ₹930.65 during the session, up by 1.16%.
JK Cement: The stock touched a 52-week high of ₹5,297.30 and closed at ₹5,262.00, gaining 3.55%.
BSE Ltd.: Reached ₹6,564.00 today, hitting its 52-week high, and closed at ₹6,493.50, up by 0.85%.
Bajaj Finserv: Closed at ₹2,105.00, just off its 52-week high of ₹2,135.00, showing a mild gain of 0.20%.
Divi’s Laboratories: Reached a 52-week high of ₹6,308.50, closing at ₹6,215.50, up by 4.91%.
Laurus Labs: The stock remained near its 52-week high of ₹660.90, closing at ₹645.50, down by 0.80%.
AstraZeneca Pharma India: Achieved a 52-week high of ₹9,211.00, closing at ₹8,967.50, a decline of 0.82%.
Navin Fluorine International: Reached ₹4,475.00, touching a 52-week high, and closed at ₹4,340.10, gaining 0.68%.
Bajaj Finance: Closed at ₹9,301.00, just below its 52-week high of ₹9,660.00, down by 0.24%.
GlaxoSmithKline Pharmaceuticals: Hit a 52-week high of ₹3,148.00 today, closing at ₹2,916.00, up by 2.44%.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Stocks hitting 52-week highs today, April 23: Laurus Labs, UPL, Bharti Hexacom, HDFC Bank and more

Aman Shukla — Wed, 23 Apr 2025 10:31:27 +0000

The Indian equity markets ended Wednesday, April 23, 2025, on a bullish note with major benchmark indices witnessing a sharp rally.

The Nifty 50 surged past the 24,300 mark, closing at 24,328.95, up 161.70 points or 0.67%, while the BSE Sensex climbed 520.90 points to settle at 80,116.49, gaining 0.65%. As market sentiment remained upbeat, several stocks touched their 52-week highs during the day.

Here’s a look at some of the prominent stocks that scaled new 52-week highs on April 23, 2025:

UPL Ltd
The stock touched a fresh 52-week high of ₹682.00. It ended the session at ₹679.90, up 1.07%.
BSE Ltd
BSE shares continued their bullish trend, hitting a 52-week high of ₹6,459.00. The stock settled at ₹6,439.00, up 3.16%.
SBFC Finance
SBFC Finance surged to a 52-week high of ₹109.53. It closed at ₹108.26, marking a gain of 3.82%.
Krishna Institute of Medical Sciences (KIMS)
The healthcare stock hit a new 52-week high of ₹700.00. It closed at ₹691.30, up 1.13%.
Laurus Labs
The pharma company reached a 52-week high of ₹659.85. It closed at ₹650.70, down marginally by 0.15%.
HDFC Bank
India’s largest private bank hit a 52-week high of ₹1,978.90. The stock closed lower at ₹1,923.90, down 1.93%.
JK Cement
The stock touched a fresh 52-week high of ₹5,232.90 during the session. It ended at ₹5,081.60, down 1.36%.
Bharti Hexacom
The telecom player hit a 52-week high of ₹1,697.90. It closed at ₹1,646.70, up 0.32%.

Stocks hitting 52-week high today, February 3: SBI Cards, Bajaj Finance, SRF, Eicher Motors, UPL and more

Aman Shukla — Mon, 03 Feb 2025 06:59:31 +0000

The Indian stock market faced a volatile start on February 3, 2025, with the benchmark Sensex experiencing a sharp dip, falling by over 700 points. The Sensex reached an intraday low of 76,791.09, while the Nifty 50 index dropped below the 23,250 mark.

However, despite the losses in the early trading session, several stocks were hitting new 52-week highs, reflecting strong performance in specific sectors.

Stocks at 52-Week Highs

As of 12:28 PM, here are the stocks (as per Groww) that reached their 52-week highs:

Company	Currently Trading (₹)	52-Week High (₹)	Change (%)
Bajaj Finance	₹8,248.85	₹8,274.00	+3.11%
SRF	₹2,926.85	₹2,935.30	+3.57%
Eicher Motors	₹5,496.00	₹5,575.50	+1.96%
SBI Cards & Payment Services	₹830.60	₹846.50	+0.68%
UPL	₹623.30	₹636.80	+3.20%
United Breweries	₹2,230.25	₹2,299.70	-0.25%

UPL shares surge over 5% as Investec upgrades rating to ‘Buy’ with target price of Rs 700 per share

Aditya Bhagchandani — Mon, 03 Feb 2025 04:01:06 +0000

UPL Ltd. shares soared over 5% today after brokerage firm Investec upgraded its rating to ‘Buy’ from ‘Sell’ and raised its price target by 56% to ₹700 from ₹450. The revised target implies a 16% upside from current levels.

Brokerage and Market Reaction:

Investec’s Rating: Upgraded to ‘Buy’
Revised Target: ₹700 per share
Potential Upside: 16% from current trading levels

Investec highlighted that UPL’s better-than-expected operational performance, coupled with an improving outlook and favorable valuations, has significantly contributed to the upgrade. The firm also raised its EBITDA estimates by 1-3% for FY25-FY27, citing a global recovery in demand and operational efficiency as key drivers.

Strong Q3 Financial Highlights:

Net Profit: ₹828 crore compared to a net loss of ₹1,217 crore in the same quarter last year
Revenue: ₹10,907 crore, a 10% YoY growth driven by a 9% volume increase and a 5% price hike
Forex Impact: Issues, particularly in Brazil, partially offset gains

The company attributed its strong Q3 performance to the recovery in global demand, which allowed it to regain high contribution margins. Additionally, the completion of global destocking has further supported its recovery trajectory.

Debt Reduction Initiatives:

UPL has effectively reduced its net debt by $745 million during the quarter compared to last year. Although net debt remains higher by $363 million compared to March 2024, the company remains optimistic about reducing debt further through:

Proceeds from its rights issue
Sale of its stake in Advanta
Operating cash flows

CEO Commentary:

Jai Shroff, Chairman and Group CEO, said, “We are witnessing a strong bounce back compared to last year, with business normalization and recovery of volumes and prices. This has significantly contributed to restoring our high contribution margins.”

With UPL expected to deliver on its EBITDA and free cash flow guidance, analysts anticipate sustained momentum for the agrochemicals giant in the upcoming quarters.

UPL Q3FY25 Results: Revenue rises 10% YoY to Rs 10,907 crore, Net Profit at Rs 828 crore

Aditya Bhagchandani — Fri, 31 Jan 2025 09:56:39 +0000

UPL Ltd., a leading global agrochemicals manufacturer, reported a strong financial performance for Q3FY25, with revenue reaching ₹10,907 crore, a 10% YoY increase driven by higher volumes and pricing improvements. The stock responded positively, surging over 6% during today’s session, touching ₹603.20.

Key Q3FY25 Financial Highlights:

Revenue: ₹10,907 crore, up 10% YoY from ₹9,887 crore.
EBITDA: ₹2,163 crore, up 420% YoY from ₹416 crore.
Net profit: ₹828 crore, compared to a net loss of ₹1,217 crore in Q3FY24.
Contribution margin: 41%, an improvement from 27.2% in Q3FY24, driven by product mix and cost optimization.
EBITDA margin: 19.8%, up from 4.2% YoY.

Key Performance Drivers:

Volume growth: 9% YoY, with price growth of 5%, offset partially by foreign exchange headwinds, especially in Brazil.
Debt reduction: The company reduced net debt by $745 million YoY, though net debt compared to March 2024 rose by $363 million.
Product mix improvements: Higher margins were achieved through rebate normalization and cost improvements.

Jai Shroff, Chairman and Group CEO, highlighted, “We are seeing a strong bounce back versus last year, with business normalization and recovery of volumes and prices helping us regain contribution margins.”

Mike Frank, CEO of UPL Corporation, added, “Our 14% volume growth in Q3 reflects strong market demand. With continued customer-centric investments, we are well-positioned to sustain margin growth in Q4 and beyond.”

Stock Performance Details:

Current Price: ₹603.20 (+6.39%)
Previous Close: ₹566.95
Day Range: ₹567.75 – ₹617.80
52-Week Range: ₹429.52 – ₹617.80
Market Cap: ₹47,882 crore

UPL Q3 Results: Management reiterates confidence in meeting guidance; stock surges over 6%

Aditya Bhagchandani — Fri, 31 Jan 2025 09:52:57 +0000

UPL Ltd., a global agrochemicals manufacturer, reported a solid quarterly performance for the third quarter ending December 31, 2024. The company’s stock hit a 52-week high, surging over 6% to Rs 603.20 during today’s session. The rally was driven by the company’s positive financials and its confident outlook for the upcoming quarters.

Key Q3 FY25 Financial Highlights:

Revenue: Rs 10,907 crore, up 10% YoY, supported by 9% volume growth and a 5% increase in prices.
EBITDA: Rs 2,162 crore, a significant jump from Rs 416 crore in Q3 FY24. EBITDA margins improved to 19.8%, compared to 4.2% last year.
Net profit: Rs 828 crore, recovering from a net loss of Rs 1,217 crore in Q3 FY24.
Net debt reduction: Down by $745 million compared to last year but higher by $363 million compared to March 2024.

Key Drivers of Performance:

The company attributed its turnaround to reduced finance costs, lower raw material expenses, and increased operational efficiency. UPL also benefited from price improvements and volume recovery across its key markets.

Chairman & Group CEO Jai Shroff commented, “We are seeing a strong bounce back versus last year, with business normalization and recovery of volumes and prices, helping regain our high contribution margins.”

Management Outlook:

Mike Frank, UPL Corporation’s CEO, emphasized the company’s improved profitability due to customer-focused initiatives, marketing excellence, and new product launches. He said, “We expect these benefits to continue into Q4 and the next financial year.”

Stock Performance Overview:

Current Price: Rs 603.20 (+6.39%)
Previous Close: Rs 566.95
Day Range: Rs 567.75 – Rs 617.80
52-Week Range: Rs 429.52 – Rs 617.80
Market Cap: Rs 47,882 crore

UPL partners with CH4 Global to distribute Methane-Reducing cattle feed supplement in key markets

Aman Shukla — Mon, 25 Nov 2024 04:17:34 +0000

UPL, a global leader in sustainable agricultural solutions, has entered a strategic partnership with CH4 Global to reduce methane emissions from cattle. The collaboration will introduce CH4 Global’s Methane Tamer™ feed supplement, designed to cut methane emissions by up to 90%.

This supplement, made from Asparagopsis seaweed, targets key markets in India, Brazil, Argentina, Uruguay and Paraguay, which together account for over 40% of the world’s cattle population.

The partnership will focus on creating business models for distributing Methane Tamer™ in these regions, aiming to significantly reduce the livestock sector’s greenhouse gas emissions. Methane from livestock digestion is a leading source of global methane emissions, making this initiative a crucial step toward more sustainable cattle farming.

UPL shares surge as Alpha Wave Global plans to invest $350 million in Advanta Enterprises

Aditya Bhagchandani — Thu, 21 Nov 2024 03:58:03 +0000

Global investment firm Alpha Wave Global has agreed to acquire a 12.5% stake in Advanta Enterprises, a hybrid seeds subsidiary of agrochemicals major UPL, for $350 million. The deal, announced on Tuesday, consists of a $100 million primary investment by Alpha Wave and the purchase of UPL’s shares in Advanta worth $250 million.

According to UPL’s statement, the funds from the primary investment will be utilized to support Advanta’s growth initiatives, both organic and inorganic. Meanwhile, the proceeds from the share sale will help UPL deleverage its balance sheet. As of September 2024, UPL’s net debt stood at $3.28 billion.

This marks the second significant investment in Advanta Enterprises by a global investor, following KKR’s $300 million infusion in October 2022. The latest investment is expected to accelerate Advanta’s growth and support UPL’s financial restructuring efforts, boosting investor confidence in the company.

As of 9:27 am the shares were trading 0.027% higher at ₹546.95 on NSE.

Agrochemicals manufacturer UPL Ltd has announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share, as per its filing with stock exchanges on November 20. This represents a significant step to strengthen its balance sheet and fund strategic growth initiatives.

The rights issue involves the issuance of 9.38 crore partly paid-up equity shares, offering shareholders one share for every eight fully paid-up shares held as of the record date, November 26. The issue price of Rs 360 reflects a discount of approximately 34% to UPL’s closing price of Rs 546.85 on November 19 on the BSE.

The company outlined that the issue price includes a face value of Rs 2 and a premium of Rs 358. Payments will be made in installments, with Rs 90 payable on application and the remaining Rs 270 in subsequent calls.

The subscription period will run from December 5 to December 17, with an on-market renunciation window available from December 5 to December 11. UPL stated that this fundraising initiative is aimed at supporting the company’s growth ambitions and ensuring financial stability.

UPL and CAC Nantong forms partnership to develop Cyproflanilide

Aman Shukla — Tue, 12 Nov 2024 11:16:55 +0000

UPL Corporation Ltd., a global leader in sustainable agricultural solutions, and CAC Nantong Chemical Co. Ltd., a top agrochemical company in China, have partnered to develop, register, and commercialize cyproflanilide products within their respective markets.

Cyproflanilide is a new, patented pesticide developed to combat pest resistance. It is effective against a wide range of chewing pests in a variety of crops, including rice, corn, cotton, soybeans, fruits and vegetables. Cyproflanilide is very effective at low doses against a wide range of pests, including lepidoptera pests that are resistant to the most established active ingredients, by both contact and ingestion.

This collaboration highlights UPL and CAC Nantong’s commitment to sustainable farming and innovation in pest management.

UPL stock soars over 4% after HSBC maintains ‘Buy’ rating

Aman Shukla — Tue, 12 Nov 2024 04:01:16 +0000

UPL shares surged by more than 4% in early trading as HSBC maintained its ‘Buy’ rating on the stock, setting an updated price target of ₹680.

Key points from HSBC’s outlook include:

Q2 Performance: UPL’s revenue beat estimates, driven by volume growth.
Recovery on Track: HSBC sees recent stock corrections as an overreaction and expects further improvements in H2.
Debt Reduction Initiatives: UPL’s rights issue and financial strategies aim to reduce debt, strengthening its balance sheet.

As of 9:30 am, UPL shares were trading 4.17% higher at Rs 536.65 on the NSE.

UPL Q2 FY25 Results: Net loss widens to Rs 585 crore

Aditya Bhagchandani — Mon, 11 Nov 2024 09:37:12 +0000

UPL Limited announced its Q2 FY25 financial results, reporting a moderate increase in revenue but facing a widening net loss. The company’s performance reflects mixed trends in a challenging market environment, with higher operational expenses impacting profitability.

Key Financial Highlights for Q2 FY25:

Revenue from Operations: UPL reported revenue of ₹11,090 crore, reflecting a 9% Year-over-Year (YoY) increase from ₹10,170 crore in Q2 FY24. This growth underscores the company’s ability to drive sales amidst market headwinds.
Total Income: The total income for the quarter stood at ₹11,201 crore, compared to ₹10,275 crore in the same period last year.
Net Loss: UPL recorded a net loss of ₹585 crore, which is a wider loss compared to ₹293 crore in Q2 FY24. The increase in net loss can be attributed to higher operational costs and finance expenses.

Quarterly Comparison (QoQ):

Revenue from Operations: On a sequential basis, revenue grew by 22.3% from ₹9,067 crore in Q1 FY25, indicating a strong quarter-on-quarter recovery.
Net Loss: The net loss also widened from ₹527 crore in Q1 FY25, reflecting ongoing cost challenges.

Analysis:

The YoY revenue growth reflects UPL’s resilience in sustaining top-line performance, but the increase in net loss suggests challenges in managing rising costs. The company’s strategic focus on operational efficiency and cost control will be critical in the coming quarters to mitigate the impact of these expenses on profitability.

UPL Q2 results: Stock drops 2% ahead of result announcement

Aman Shukla — Mon, 11 Nov 2024 06:25:41 +0000

UPL Ltd. witnessed a decline of more than 2% in its stock price ahead of the announcement of its Q2 results.

The shares opened at ₹553.15, with the highest point touching ₹553.20 and the lowest dipping to ₹530.00 during the day’s trading session. Over the past 52 weeks, the stock has seen a high of ₹625.00 and a low of ₹447.80. Market participants are eagerly awaiting the upcoming results, which may shed light on the company’s financial performance and future prospects.

As of 11:53 am, UPL shares were trading 2.13% lower at Rs 545.70 on the NSE.

UPL Q1 Results: Reports net loss of Rs 384 crore on flat revenue

Aditya Bhagchandani — Fri, 02 Aug 2024 12:51:31 +0000

UPL Ltd, a leading agrichemicals company, posted a net loss of Rs 384 crore for the first quarter of FY25, a significant downturn from a net profit of Rs 166 crore in the same period last year. This disappointing performance was largely driven by decreased product prices, falling short of market expectations.

Key Financial Highlights

Net Loss: Rs 384 crore for Q1 FY25
Net Profit (Q1 FY24): Rs 166 crore
Revenue: Rs 9,067 crore, up 1.2% year-on-year
EBITDA: Rs 1,145 crore, a 28% decline from the previous year
Product Price Decline: 14%

Performance Overview

Revenue Growth: The company’s revenue for the April-June quarter increased due to a 16% rise in volumes.
Price Impact: A 14% drop in product prices and a 1% negative foreign exchange impact affected profitability.
EBITDA Drop: EBITDA decreased significantly, reflecting the adverse impact of lower product prices.

Key Financial Highlights

Metric	Q1 FY25	Q1 FY24	Change
Net Loss	Rs 384 crore	Rs 166 crore	-Rs 550 crore
Revenue	Rs 9,067 crore	–	+1.2%
EBITDA	Rs 1,145 crore	–	-28%
Product Price Decline	–	–	-14%

Future Outlook

UPL Ltd is focusing on improving margins and cash flow. The company plans to benefit from these improvements in the latter half of FY25 through:

Cash Generation: Emphasis on optimizing inventories and working capital.
Business Restructuring: Implementation of strict credit policies and tighter credit terms in its India Crop Protection business.

CEO’s Statement

Ashish Dobhal, CEO of UPL SAS, acknowledged the challenges faced during Q1 FY25 but expressed confidence in the company’s strategic moves. He highlighted the improved contribution margins, cash flows, and reduced working capital as positive signs for future performance.

UPL shares decline 4% to hit 52-week low on very weak Q3 earnings

Aditya Bhagchandani — Mon, 05 Feb 2024 03:54:32 +0000

UPL, the agrochemical player, faced a 4% decline in its shares following the announcement of second-quarter results, revealing a stark 86% drop in EBITDA and a 28% YoY decrease in revenue.

The company’s challenging performance, marked by weak demand, inventory destocking, and declining prices, resulted in a second consecutive quarterly loss for the April-December period. The disappointing results not only raised concerns among brokerages about UPL’s growth outlook but also prompted further downgrades for the stock.

UPL reported a net loss of Rs 1,217 crore, surpassing the Street’s estimate of Rs 527.80 crore. This downturn contrasts sharply with the Rs 1,326 crore net profit posted in the year-ago period.

The revenue slump was significant, with a nearly 28% decrease to Rs 9,887 crore, down from Rs 13,679 crore in the corresponding period last year. The challenging market conditions have underscored the need for strategic adjustments by UPL to navigate the agrochemical landscape.

Stocks To Watch Today: SBI, Paytm, Tata Motors, IndiGo, Zee Ent

Markets Desk — Sun, 04 Feb 2024 23:36:54 +0000

With the interim budget behind us, the focus now will shift back to the end of the Q3 earnings season and the Monetary policy meet of the Reserve Bank of India scheduled this week. In today’s trade, the markets will react to earnings from SBI, Tata Motors and UPL from the Nifty pack.

Top stocks to watch today are SBI, Tata Motors, UPL, Paytm, Zee Entertainment, Bank of India, IndiGo.

State Bank of India (SBI): Shares of SBI will be in focus today on the back of its Q3 earnings. The bank’s Q3 net profit declined 35% on a YoY basis to Rs 9,163 crore, accounting to an one-time exceptional item of Rs 7,100 crore.

Tata Motors: Tata Motors will be in focus today after reporting a stellar set of Q3 earnings. The company’s net profit jumped 137% on a YoY basis at Rs 7,025 crore against a profit of Rs 2,958 crore in the same period last year. The company also increased its FY24 EBIT margin guidance for JLR.

Paytm: Paytm continues to remain in focus after the recent developments around its Payments arm. In the latest development, according to reports, RBI found significant KYC irregularities, submission of false compliance by the company. Furthermore, the company in an exchange filing over the weekend siad that they categorically deny any investigation by ED on OCL, its associates and/or its Founder & CEO for anti-money laundering activities.

Zee Entertainment: The Emergency Arbitrator has denied the former’s application against Zee Entertainment in the Singapore International Arbitration Center.

UPL, IndiGo and Bank of India besides others will also be in focus in trade today on the back of their Q3 earnings.

UPL shares gain nearly 1% as board keeps meeting to consider fund raise

Aditya Bhagchandani — Wed, 20 Dec 2023 04:15:58 +0000

At 9:41 am, the shares reflected a marginal increase of 0.13%, settling at ₹599.55. In a communication to BSE, UPL Limited has conveyed that the Board of Directors is slated to convene on 22/12/2023.

UPL, a prominent player in the agricultural solutions domain, has recently exceeded its 100-day Exponential Moving Average (EMA), currently standing at Rs 605.0. This signifies a positive shift of 1.04% when compared to the preceding day’s closing rate of Rs 600.46.

The agenda of the meeting encompasses discussions and approvals for a proposed fund-raising initiative through the issuance of equity shares. The modes under contemplation include a preferential issue, qualified institutions placement, rights issue, or any other method permissible under applicable law.

UPL to separate specialized chemicals business to arm

Avinash Ram — Fri, 23 Jun 2023 16:08:36 +0000

The speciality chemicals division of UPL Ltd, a company located in Mumbai, will be split off and sold for 3,572 crore to a wholly-owned subsidiary, UPL Speciality Chemicals Ltd. Within three to four months of securing shareholder approval, UPL anticipates consummating the deal. Due to the deal, there won’t be any changes to UPL’s ownership structure.

Producing compounds for crop protection, pharmaceuticals, paints, textiles, mining, flavours and fragrances, lubricants, water treatment, personal care, petroleum, and oilfield goods is the specialty chemical business’s area of expertise.

The reorganisation will accelerate growth in the B2B AI Manufacturing business through additional partnerships (the capacity to collaborate with partners outside of the UPL group) and scale up the “Specialty Chemicals” business at a quicker rate by expanding into other high-growth areas.

After the transfer, the specialty chemicals firm will supply active ingredients to UPL and its affiliates for formulations, with UPL Corp. supplying formulations for exports and UPL SAS offering formulations for local sales.

With inter-segmental reporting, the specialised business recorded 16,090 crore in sales for the FY’23. The net asset value is going to be 3,572 crores. The closing price of UPL shares on the BSE was 666.85 per share, a 1.12% decline for the day.

Stocks to watch: Nykaa, Vedanta, Adani Enterprises, Vedanta, NDTV and more

Aryan Jakhar — Wed, 23 Nov 2022 03:13:12 +0000

On Wednesday, the Sensex and Nifty indices are expected to start the day higher due to strong global sentiment and a drop in crude oil prices.

The SGX Nifty futures were at 18,350 levels, implying an opening rise of roughly 70 points for the Nifty index.

The Dow increased by 1.2% overnight in the US, while the S&P 500 and the Nasdaq each increased by 1.36%. on Tuesday, the Nasdaq fell 1.7% and the fell 1%.

This morning’s Asian indices were uneven, with the Nikkei down 2% and the Hang Seng up 2.9 %.

Vedanta: A third interim dividend of Rs 17.5 per equity share has been declared by the firm, resulting in a loss of Rs 6,505 crore. The company announced that the dividend payout, whose record date has been set for November 30, has been approved by its board of directors.

NDTV: On Tuesday, the first day of its launch, no one responded to the open offer made by the Adani group for more shares of New Delhi Television (NDTV). On December 5, the 16.7 million share open offer priced at Rs 294 per share will expire.

Ultratech Cement: Following the Adani Group, the Aditya Birla Group-owned UltraTech Cement withdrew from the bidding process to purchase the last of Jaiprakash Associates’ cement holdings in India due to a disagreement over the assets’ valuation.

Telecom stocks: According to data from the telecom regulator, India’s total mobile subscriber base decreased by 3.6 million in September. Vodafone Idea had a loss in subscriber count even as larger rivals Reliance Jio and Bharti Airtel added consumers month over month.

Inox Green Energy Services: The business will debut on the stock exchanges today. The share price for the offering has been set at Rs. 65.

Adani Enterprises: On Friday, the business may decide to raise money through an FPO, preferential allotment (including QIP), or a mix of techniques. The share sale may raise as much as $2.4 billion, according to reports.

Wipro: The business just began delivering cybersecurity consulting services in Europe.

Nykaa: Arvind Agarwal, the CFO of Nykaa parent company FSN E-Commerce Ventures, has left his position. On November 25, Agarwal will depart the organisation and vacate his position.

Siemens: For the quarter that ended in September of FY22, the company reported consolidated profit growth of 20.7% year over year to Rs 381.7 crore, and revenue growth of 11.6% to Rs 4,657.1 crore.

Bharti Airtel: The construction of Nxtra Data’s new hyper-scale data centre in Kolkata has begun. Nxtra Data is a Bharti Airtel subsidiary. The largest data centre in East India will be developed with an investment from the corporation of Rs 600 crore, and it will serve the underserved markets of the east and north-east areas as well as the SAARC nations.

VA Tech Wabag: The board of VA Tech Wabag will meet on Friday to discuss and accept the plan for obtaining funds by issuing non-convertible debt obligations through a private placement or other means.

Tech Mahindra: LIC upped its shareholding in this company from 4.86 percent to 6.87 percent.

Infosys: To digitise and automate operations at the latter’s EV battery manufacturing facilities, the business entered into a strategic partnership with Envision AESC.

National Peroxide: As part of routine maintenance, the company’s Kalyan, Maharashtra, factory will be closed beginning on November 22, 2022.

Hindustan Motors: To increase the manufacture of environmentally friendly electric vehicles, the business has signed a Memorandum of Understanding (MOU) to expand the EV market across the border.

UPL: The business declared victory in a legal battle defending the ownership of the patent for its patented Everest crop protection agricultural ingredient.

UPL Q2 Result: Net profit improves by 28% to Rs. 814 crore, but falls short of expectations

Aryan Jakhar — Tue, 01 Nov 2022 11:41:12 +0000

Manufacturer of crop protection goods UPL reported a consolidated net profit of Rs. 814 crore on November 1, a 28.4% year-over-year increase, just shy of analyst projections of Rs. 831 crore.

The net profit for the same quarter of the previous fiscal year was Rs 633 crore.

The shares on the National Stock Exchange dropped 2.14 percent shortly after the results. It was trading at Rs 714.60 per unit at 3:10 PM.

According to the company’s registration with the exchange, overall operating revenue increased 18% YoY to Rs 12,506 crore. Revenue was pegged at Rs 12,129.7 crore by analysts.

“We continued to see robust growth momentum in Q2 FY23. Our focus on quality growth with a better product mix and proactive pricing actions drove a strong 35 percent YoY growth in EBITDA, with EBITDA margins expanding by ~278 basis points,” Jai Shroff, CEO, UPL said.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the company for the second quarter of FY23 were Rs 2,768 crore, with an EBITDA margin of 22.1 percent, up from 19.4 percent in the same quarter last year.

“We are confident of meeting our FY23 guidance of revenue growth of 12-15 percent, EBITDA growth of 15-18 percent and reducing net debt by $650 million,” Shroff added.

The company’s gross debt increased from Rs 30,123 crore at the end of the June quarter to Rs 32,550 crore as of September 30. Additionally, net debt rose from Rs 26,480 crore in the June quarter to Rs 28,512 crore.

Every other region saw revenue increase of more than 20%, with the exception of Europe. Revenue in Latin America increased by 20% year over year to Rs 6,092 crore. Revenue from North America increased by 24% to Rs 1,185 crore. Revenue in India increased by 22% to Rs 1,808 crore.

To Rs 1,354 crore, income from Europe marginally increased by 1%.

The business released its quarterly earnings just a few days after announcing a significant reorganisation of its operations to free up value and bring in private equity partners in crucial industry sectors including Indian crop protection and international seeds.

Stocks to watch today: Adani Enterprises, Wipro, Infosys, HDFC Bank and more

Aryan Jakhar — Fri, 02 Sep 2022 02:36:15 +0000

Despite losses on other international markets, Dalal Street is anticipated to open in the green on Friday. SGX Nifty futures were 46.5 points higher, or 0.3 percent, at 17,615. Today’s attention will be on the shares of Adani Enterprises, Infosys, Wipro, and NACL, among other companies. Here are the top equities to keep an eye on on September 2.

The Adani Enterprises Ltd.

From September 30, the flagship company of the Adani Group will replace Shree Cement in the National Stock Exchange’s Nifty 50 benchmark index. Adani Enterprises will be the second Adani stock to be featured in the Nifty index after Adani Ports and Special Economic Zone. As part of its periodic assessment, the Index Maintenance Sub-Committee — Equity (IMSC) of NSE Indices Ltd decided to make the modifications, according to a release on Thursday.

Wipro Inc.

The leading provider of IT services declared that it now possesses Amazon Web Services (AWS) Energy Competency accreditation. According to the IT company, this recognition acknowledges the company’s strong expertise in assisting clients in leveraging AWS technology to transform complex systems and hasten the transition to a sustainable energy future.

Infosys Ltd.

The IT firm Infosys Ltd. finalised the acquisition of BASE life science, situated in Europe.

HDFC Bank

HDFC Bank Limited The private sector lender made plans to open 80 Smart Banking Lobbies and 207 branches in Maharashtra during current fiscal year. The bank intends to hire about 3,000 people statewide as part of the expansion strategy. The 207 branches of the bank will be spread out over the state, serving all 34 districts. 90 of the 207 branches will be in urban and suburban areas, while the rest 117 are located in rural and semi-urban areas.

Aurobindo Pharma Ltd.

The board of CuraTeQ Biologics, a company’s wholly-owned subsidiary, has approved an expenditure of up to Rs 300 crore in the development of its biologics facility’s capacity.

Mahanagar Gas Ltd.

With effect from September 1, Mahanagar Gas Ltd. | The natural gas distributor has appointed MV Iyer as Chairperson.

UPL Ltd.

Mike Frank is named CEO of UPL’s Global Crop Protection (CP) business, which oversees all CP assets outside of India, by UPL Ltd | UPL Corporation, the company’s flagship for international activities. Mike will serve on the board of directors for UPL Crop Protection.

Ramco Systems Ltd

US-based GA-ASI will adopt Ramco Aviation’s ERP and MRO services, according to Ramco Systems Ltd. SkyGuardian Global Support Solutions will be helped by the collaboration with the US-based business.

NACL Industries Ltd

NAC Industries Limited M. Pavan Kumar has been reappointed as managing director and CEO of the agrochemical company. The director, Chantati Varada Rajulu, has been chosen and will serve in that capacity full-time.

RattanIndia Power Ltd

RattanIndia Power Limited Rajiv Rattan has been named the company’s executive chairman for a period of five years. Beginning on October 1, the appointment will be in effect. Rattan is the non-executive chairman at the moment.

Uniphos acquires additional stake in UPL

Chittesh Dalmia — Mon, 16 Nov 2020 06:15:27 +0000

Uniphos Enterprise Ltd announced on Monday that it has acquired 23,375 equity shares (0.003%) of UPL Limited.

The Mumbai based company stated in its BSE regulatory filing. “This is to inform you that we have bought 11,600 equity shares of UPL Limited on 12.11.2020, and 11,775 equity shares of UPL Limited on 13.11.2020, i.e. total 23,375 equity shares of UPL Limited, representing 0.003% of the total shareholding in UPL Limited. After this acquisition, our shareholding is 3,88,52,906 equity shares representing 5.085 % of the total shareholding (calculations as per SCRR, 1957) in the Company.”