India's UPL falls after Q4 profit slump, debt surge

UPL

14/05/2024 07:05

** Shares of Agrochemicals maker UPL  UPLL.NS  down 5.3% at
505.60 rupees, its biggest intraday fall since Feb. 5
    ** UPLL top loser in Nifty mid-cap index  .NIFMDCP100 ,
which is up 0.6% 
    ** Co reported a slump in Q4 profit, while net debt surged
    ** Estimate industry headwinds to persist in FY25, Jefferies
said in a note
    ** Brokerage cuts FY26 EPS by ~8%, see profit below tax loss
in Q1FY25
    ** Stock down ~14% YTD vs 8.3% rise in Nifty mid-cap index 
    



 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))