The September quarter (Q2) results of India's largest crop protection company, UPL, were largely in line with brokerage estimates, barring the pressure on gross margins and rise in debt.
These two factors led to a downward revision of earnings estimates for financial year 2021-22 (FY22), leading to a 2 per cent decline in the stock price.
In a tough environment, the company posted better-than-expected revenue growth with most markets seeing double-digit growth. Sales growth in Latin America, its largest market, was a robust 20 per cent, led by both higher volumes and realizations in Brazil, which was up 27 per cent. Growth in North America and Europe, too, was strong at 24-31 per cent.
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TechMbuys European firm for ₹2,625 cr
IT services major Tech Mahindra announced acquisition of Com Tec Co IT Ltd (CTC) for €310 million (2,625 crore), including earnouts and synergy-linked payouts. This will be eight acquisition the company has made in FY22.
The Apple playbook for Tesla
The tech giant learnt the hard way that patience, negotiating flexibility and industry cooperation work better than public statements and tweets when attempting to enter India
Economic activity stays strong: RBI
The Omicron-led third wave of Covid19 may turn out to be "more of a flash flood than a wave", and the Indian economy could rebound to pre-pandemic levels, according to the Reserve Bank of India's (RBI's) State of the Economy report released on Monday.
Retail equity holdings shoot up 60% in 2021
Value of holdings rises to 755 trn with 30 mn new investors
Oyo Hotels targets $9-billion valuation in IPO
Oyo Hotels is eyeing a valuation of about $9 billion (66,700 crore) in its initial public offering after preliminary conversations with potential investors, according to people familiar with the matter.
Jhunjhunwala the biggest draw as investors line up to board Akasa
Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming lowcost airline Akasa Air.
Fund houses prune Nykaa, Policybazaar exposure
It's profit-taking, say fund managers; increase holding in Paytm in December
E-com policy to script arm's-length rulebook
To apply to all platforms engaged in buying and selling, including social media
Budget could push for pvt investments in public infra
The Union Budget may bring a number of provisions to boost private sector participation in infrastructure projects. These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt.
At 89%, health risks top Indian CEOs' worry: PwC
This is 9 percentage points higher than what their global counterparts think
GARDENS FOR A MANSARD
Despite its imposing Second Empire façade, the 1855 Victorian was a farmhouse at heart.
7 Tips For Organizing Your Digital Photos
Don’t let common aches and pains keep you off your mat or ruin your practice. Recover faster with these 20 expert-recommended natural fixes.
At-risk primary pupil boosts attendance rate, thanks to school's help
When Nur Syazliana Muhammad Zamri was in the lower primary levels, she had trouble going to school regularly, as her mother was busy taking care of her younger siblings at home.
Offering you a complete peace of mind with vehicle security, surveillance and safety
Waters launches newACQUITY PREMIER liquid chromatography solution
ACQUITY PREMIER system and column chemistries work together to provide enhanced analytical data quality and greater confidence in separation results
चौथी तिमाही में सुधार, कर्ज में कमी से यूपीएल को मिलेगी मदद
मौद्रिक दबाव और लातिन अमेरिकी बाजार में शुष्क मौसम की वजह से दिसंबर तिमाही प्रभावित हुई थी
Survivors from another age
Two National Trust properties bask in a glorious Indian summer’s day
IT'S THE CHEMISTRY THAT MATTERS!
HERE IS WHY Good growth prospects Attractive valuation Strong market position.