UPL Shares Surge by 7% After Reporting Decreased Losses
UPL's shares soared 7% on Monday post announcement of a reduced consolidated net loss of Rs 176 crore for the June quarter. The company's loss had previously stood at Rs 527 crore. Revenue increased by 1.64% to Rs 9,216 crore compared to the previous fiscal year's corresponding period.
- Country:
- India
Shares of UPL surged by 7% on Monday as the agrochemical and pesticide company reported a notable improvement in its financial performance for the June quarter.
The company's consolidated net loss sharply decreased to Rs 176 crore, a significant recovery from the Rs 527 crore loss reported in the first quarter of the 2024-25 fiscal year.
UPL's revenue from operations also saw a modest increase, rising by 1.64% to Rs 9,216 crore, compared to the same period last year, which helped boost investor confidence and drive the stock up on both the BSE and NSE.
(With inputs from agencies.)
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