UPL Share Price: UPL shares rise nearly 6% despite widened Q2 loss, analysts weigh
Shares of agrochemicals manufacturer UPL on Tuesday rose 5.6% to their day’s high of Rs 552.70 on the BSE trade after the company reported a net loss of Rs 443 crore for the second quarter of FY25, widening over 2.3 times from the year-ago period.
The company reported a revenue of Rs 11,090 crore for the September quarter, compared to Rs 10,170 crore during the year-ago period. Revenue growth during the quarter was driven by a 16% year-on-year growth in volumes, and a 7% drop in prices and near-flat forex rates.
Brokerage Phillip Capital noted that UPL reported strong volume expansion with an expected price decline in the second quarter, however, there are signs of revival in key markets which provide hope of normalcy in business from…
