UPL shares rise nearly 6% despite widened Q2 loss, analysts weigh

November 12, 2024

Shares of UPL surged 5.6% to Rs 552.70 on Tuesday after the agrochemical company reported a net loss of Rs 443 crore for Q2 FY25, more than 2.3 times higher than the loss in the same period last year. Revenue for the quarter increased to Rs 11,090 crore, up from Rs 10,170 crore, driven by a 16% YoY growth in volumes, despite a 7% drop in prices and flat forex rates.

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