Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers
UPL-Sustainable AgriSolutions (UPL-SAS) is spearheading a transformative approach to Indian agriculture, leveraging technology, digital innovations, and a holistic strategy to address the complex challenges facing the country's farming ecosystem, CEO Ashish Dobhal revealed in an exclusive interview. With agriculture spanning 400 million acres and involving 130 million farmers, 80-85 per cent of whom are smallholders, the company is reimagining its role from a crop protection product seller to a comprehensive solution provider. "Each state has its own nuance, cropping pattern, and cultural nuances of farming," Dobhal explained, underscoring the intricate landscape of Indian agriculture. Emerging from a challenging period, Dobhal confidently asserted that "the worst of the industry downturn is behind us." UPL-SAS, a subsidiary of UPL Ltd, is implementing a multi-pronged strategy to revitalize its performance with key strategic priorities. These priorities include developing crop ...
Agricultural solutions provider UPL and CH4 Global announced a strategic partnership on Thursday to distribute a seaweed-based feed supplement in five major markets, including India that could reduce cattle methane emissions by up to 90 per cent. The multi-year agreement targets India, Brazil, Argentina, Uruguay and Paraguay, which together account for more than 40 per cent of the global cattle population, the UPL said in a regulatory filing. The partnership will focus on distributing CH4 Global's Methane Tamer product, a feed supplement derived from Asparagopsis seaweed, through UPL's existing distribution networks and feed formulations. "Methane is almost thirty times as harmful for global warming than CO2," UPL Chairman and Group CEO Jai Shroff said. "Recent reports show the highest levels in 8,00,000 years, so its reduction must be our top priority." The initiative comes as the livestock industry faces increasing pressure to reduce its environmental impact. Enteric methane fro
Shares of agrochemical firm, UPL gained up to 3 per cent at Rs 563.30 a piece on the BSE in Thursday's intraday deals
Here is a list of stocks that will be in focus from Adani Group stocks to Tata Power
Alpha Wave will acquire a 12.44 per cent stake in Advanta, comprising 8.93 per cent purchased from UPL and 3.51 per cent from newly issued equity shares
The company reported a consolidated net loss of Rs 443 crore ($52.5 million) for the three months ended Sept. 30 from a loss of Rs 189 crore a year earlier
Agrochemical company UPL (formerly United Phosphorus Ltd) and its promoter and Chairperson Jaidev Rajnikant Shroff have settled a case related to an alleged violation of regulatory norms with capital markets regulator Sebi after paying Rs 20.2 crore towards settlement charges. The settlement order came after the applicants -- UPL and Jaidev Rajnikant Shroff -- proposed to settle the instant proceeding through a settlement order "without admitting or denying the findings of fact and conclusions of law". "In terms of the settlement regulations, it is hereby ordered that the instant proceeding initiated against the applicants, vide show cause notice dated February 28, 2024, is disposed of," Sebi's Chief General Manager Anitha Anoop said in the order on October 30. Pursuant to receipt of an emailed query from a media outlet, Sebi undertook a suo-moto investigation in the affairs of certain companies, including UPL (Applicant No. 1) and its promoters to ascertain whether there was any ..
On the weekly chart, UPL has confirmed a bullish reversal pattern known as the 'Inverse Head and Shoulders
After peaking near the 2060 mark on 04-04-2024, Dalmia Bharat experienced a significant downturn, with a decline of approximately 360 points, equating to roughly 17-18 per cent
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
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.
Shriam Finance will replace UPL in the benchmark index, NSE said in a circular on Wednesday after market hours
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.
Stock market highlights on February 7, 2024: In the broader markets, the BSE MidCap index gained over 1.48 per cent, while the BSE SmallCap index advanced 0.35 per cent
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 .
Weak near-term outlook could worsen cash flows for the company
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.
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
Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking