UPL Q3 results show strong growth, stock rises 6%
after close1 source ↓written by the desknot a recommendation
- on 2 Feb
- 6%
- YoY
- 12%
- YoY
- ₹12,269 cr
- growth
- 5%
- EBITDA also rose
- 13%
Shares of UPL surged 6% on 2 Feb following better-than-expected Q3 results. Revenue increased 12% YoY to ₹12,269 cr, surpassing projections of 5% growth, driven by higher volumes and favorable forex. EBITDA also rose 13% to ₹2,433 cr, supported by improved product mix and lower input costs. The company maintained its full-year revenue growth guidance of 4% to 8% and EBITDA growth of 12% to 16%.
Not investment advice. For informational purposes only.