Connect with:
Wednesday / April 16. 2025

logo
mobile-logo
HomePosts Tagged "UPL Corporation Ltd."
Agribusiness, Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, Finance, India

Company records overall robust performance in seeds business, driven by grain sorghum, sunflower and corn.

UPL Ltd. reported financial results for the third quarter and nine months ended December 31, 2024. Company’s revenue for the third quarter was up by 10 per cent, driven by 9 per cent increase in volumes, 5 per cent increase in price and 4 per cent decline due to Fx, mainly in Brazil.

Financial Performance Update

image.png

Company’s EBITDA was at Rs 2,163 crores in Q3 FY25 compared to Rs 416 crores in Q3FY24 registering the growth of 420 per cent YoY. Company recorded revenue of Rs 10,907 crore in Q3 FY25 Vs Rs 9,887 in Q3FY24 witnessing 10 per cent growth. Contribution margin increase led by product mix, rebate normalisation and COGS improvement. Strong performance with accretive margins in differentiated and sustainable segment. Overall robust performance in seeds business, driven by grain sorghum, sunflower and corn. Net Debt lower by $745M vs. last year; $363M increase in net debt vs. March ’24, significantly lower than $1.7Bn increase over the same period last year.  

Commenting on the Q3FY25 performance, Jai Shroff, Chairman and Group CEO, said “We are seeing strong bounce back versus last year, with normalisation of business, and recovery of volumes and prices. This has helped in regaining our contribution margins back to our previous higher levels. Through strong focus, the team has done a commendable job in bringing down the working capital, resulting in a significant reduction of our net debt versus September, 2024. With this strong performance, we are confident of delivering our EBITDA and free cash flow guidance for the full year.”  

Mike Frank, CEO, UPL Corporation Ltd., said: “The global crop protection market continues to rebound as farmers and dealer buying patterns are now reset. Our volume growth of 14 per cent in this past quarter demonstrates continued strong demand across regions, and our ability to increase market share. Through our focus on customers, driven by investments in marketing excellence, new launches and differentiated solutions, we have improved our margins, as compared to the last few quarters. We expect benefits from this to continue in Q4 as well as in the next financial year”

Company records overall robust performance in seeds

Agbiologicals, Agribusiness, Company News, Fungicides, Trade, World

The acquisition is set to strengthen UPL Corp’s portfolio of solutions and leadership in the multisite fungicide market.

UPL Corporation Ltd. (UPL Corp), a global provider of holistic and sustainable agricultural solutions, announces that it has completed the acquisition of Corteva Agriscience’s solo mancozeb global fungicide business outside of China, Japan, South Korea, UK, Switzerland and EU member countries. The acquisition is set to strengthen UPL Corp’s portfolio of solutions and leadership in the multisite fungicide market, giving the company ownership of Dithane®, the original global mancozeb brand which has provided farmers with a reliable disease management solution, as well as access to Rainshield™ technology which enables crop protection in wet weather conditions.

Christina Coen, Chief Marketing Officer for UPL Corp, said “We recognize mancozeb’s vital role not just in protecting crops, but in safeguarding global food security and transforming farmer livelihoods. This acquisition cements our leadership in the multi-fungicide market and enables us to continue adding to our ever-growing portfolio of farmer-first solutions, and expanding the use of this vital molecule for years to come. We are committed to ensuring a smooth transition for all customers, and look forward to helping growers produce sustainable crop yields and future-proof food security.”

The acquisition is limited to Corteva’s solo formulations of mancozeb, with Corteva retaining ownership of premix formulations. With the deal, UPL Corp has acquired access to the full regulatory scientific dossier of mancozeb including all data, registrations, trademarks for Corteva’s solo mancozeb products, and a license to the Rainshield™ technology.

The acquisition is set to strengthen UPL