UPL Ltd., a leading agrochemical company, has recently reported its financial results for Q4 FY23 and the full fiscal year. The company’s PAT (Profit After Tax) for the quarter was INR 7.92 billion, a significant decline of 43% compared to the corresponding period last year when it was INR 13.79 billion. However, the company’s revenue … Read more
UPL Ltd., announces the completion of investment of Rs 24.74 billion ($300 Mn) by KKR for 13.33% stake in Advanta Enterprises. This is a part of the larger corporate realignment exercise announced in October 2022 to create four distinct business platforms – Global Crop Protection (ex-India), India Agtech, Global Seeds and Manufacturing & Specialty Chemicals … Read more
UPL Limited., an Indian multinational agrochemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 7.2% to Rs 8.14 billion for the period ended Sept 30, 2022 as against net profit of Rs 8.77 billion for the previous quarter. Net sales increased 15.5% to … Read more
Agro-chemicals major UPL Ltd said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 17.5 million. UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 17.5 million and the deal is expected … Read more
UPL Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 6.4% to Rs 6.34 billion for the period ended September 30, 2021 as against net profit of Rs 6.77 billion for the previous quarter. Net sales increased 24% … Read more
UPL Ltd., a agrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 36.31% to Rs 677 crores ($91.1 million) for the period ended June 30, 2021 as against net profit of Rs 1,063 crores ($143 million) for the previous quarter. … Read more
FMC Corporation announced that it has entered into a strategic collaboration with UPL Ltd to expand access of Rynaxypyr active to growers around the world and increase the manufacturing capacity for this critical molecule. Under the multi-year agreement, FMC will provide UPL access to products containing Rynaxypyr active for distribution in select markets. In the … Read more
UPL Ltd., an Indian fertilizer manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 75.79% to Rs 944 crores ($129.6 million) for the period ended December 31, 2020 as against net profit of Rs 537 crores ($73.7 million) for the previous quarter. Net sales … Read more
UPL said the company has completed the pre-payment of US$410 million of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on 28 December 2020, was done using the cash on its balance sheet, UPL said. This prepayment is in line with its commitment to reduce debt. UPL is committed towards deleveraging its balance … Read more
Indian chemical giant UPL announced that the District Court in Delaware has substantially reduced the earlier jury verdict of $31 million to $13 million by its judgement of 30 November 2020. The court has also vacated a number of jury’s determination on key counts. This litigation relates to an ongoing intellectual property litigation regarding TruPick, … Read more
UPL Limited., an agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 30% to Rs 104 crores for the period ended September 30, 2020 as against net profit of Rs 149 crores for the previous quarter. Net sales grew 19% … Read more
UPL Ltd. announced the opening of a new, state-of-the-art research and development hub in Research Triangle Park, NC, USA. The OpenAg Center, located in the Alexandria Center for AgTech – Research Triangle at 5 Laboratory Drive, will enable UPL to leverage its advanced R&D capabilities in partnership with other innovation based companies to characterize, develop … Read more
UPL Limited, an Indian multinational manufacturer of agrochemicals & chemicals, announced its results for the quarter and financial year ended 31 March 2020. The company posted 146.80% year-on-year rise in net profit at Rs 617 crore ($81.9 million) for the quarter ended March 31. It had posted a net profit of Rs 250 crore ($33.2 … Read more
UPL Ltd, an Indian agrochemical company said it has entered into definitive agreements to acquire a majority stake in Yoloo Laoting Bio-technology Co. Ltd, an agrochemical firm based in China’s Heibei province, from Beijing Yoloo Bio-Technology Corp. Ltd. UPL will own 75% stake in Yoloo Laoting for RMB 93.33 million ($13.3 million). The remaining 25% … Read more