What is UPL's financial performance in Q4 2024?

UPL reported 11% growth in its topline to ₹15,573 crore, while its EBITDA grew by 68% from the previous year. The company's EBITDA margin also increased to 20.79% in Q4 2024.

How has UPL managed to reduce its net debt?

UPL reduced its net debt during the quarter to ₹8,320 crore, down from ₹13,860 crore in the same quarter last year. This was aided by strong operating free cash flow of ₹4,450 crore and proceeds from two capital transactions.

Home / Business and Economy / Morgan Stanley Boosts Stake in Agrochemicals Firm UPL

Morgan Stanley Boosts Stake in Agrochemicals Firm UPL

Q: What is the impact of China's anti-dumping duty on UPL's shares?

Despite the positive financial results, UPL's shares ended the day down by 2.51% on the BSE, closing at ₹703.90. This decline came after China imposed an anti-dumping duty on imports of Cypermethrin, a key agrochemical, from India.

31 Jul

•

Summary

Morgan Stanley Asia buys 15.8 lakh UPL shares in block deal
UPL reports 68% EBITDA growth and 20.79% margin in Q4 2024
UPL reduces net debt by ₹5,540 crore in last year

Morgan Stanley Boosts Stake in Agrochemicals Firm UPL

On July 31, 2025, Morgan Stanley Asia acquired a significant stake in India's leading agrochemicals firm, UPL Ltd. The investment bank purchased 15.8 lakh shares of UPL in a block deal, spending a total of ₹82.24 crore at a price of ₹520.54 per share.

This strategic move by Morgan Stanley comes as UPL reported impressive financial results for the fourth quarter of 2024. The company's topline grew by 11% to ₹15,573 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged by 68% compared to the same period last year. UPL's EBITDA margin also expanded significantly, rising from 13.7% in Q4 2023 to 20.79% in the latest quarter.

The strong performance was driven by volume growth across UPL's crop protection, seeds and specialty chemicals businesses. Additionally, the company managed to reduce its net debt substantially during the year, from ₹13,860 crore in Q4 2023 to ₹8,320 crore in the latest quarter. This was aided by robust operating free cash flow of ₹4,450 crore and proceeds from two capital transactions.

Despite the positive results, UPL's shares ended the day down by 2.51% on the BSE, closing at ₹703.90. This decline came after China imposed an anti-dumping duty on imports of Cypermethrin, a key agrochemical, from India.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.