Brief: UPL Sees Return To Growth, Normalization In Margins In FY25

UPL

13/05/2024 09:41

May 13 (Reuters) - UPL Ltd  UPLL.NS :
    * IN FY25 SEE RETURN TO GROWTH, NORMALIZATION IN MARGINS
DRIVEN BY
AGCHEM MARKET RETURNING TO NORMALITY
    * PRIORITY REMAINS TO DELEVERAGE OUR BALANCE SHEET
    * DURING QUARTER, NET DEBT INCREASED BY $602 MN FROM LAST
YEAR TO
$2.66 BN AT END OF FY24
    * NET DEBT INCREASE DUE TO REDUCED FACTORING, AND CASH FLOW
IMPACT
OF DECLINE IN PROFITABILITY

Source text for Eikon:  ID:nBSEGFV4q 
Further company coverage:  UPLL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))