Shares of UPL Ltd slumped 4% on Thursday, 8 Might, after China levied tariffs on Indian imports of the pesticide ‘cypermethrin’ following a year-long probe. The identical went into impact on Wednesday, 7 Might, 2025.
China’s commerce ministry mentioned it found India was dumping the substance into the Chinese language market, inflicting injury to Chinese language companies. The anti-dumping duties will probably be levied for 5 years, with charges starting from 48.4% to 166.2%.
It imposed the biggest anti-dumping cost on UPL Ltd, at 166.2%, adopted by 62% on Meghmani Organics Ltd, Bharat Rasayan Ltd, and Heranba Industries Ltd.
It imposed prices on Gharda Chemical compounds Ltd and Tagros Chemical compounds India Pvt Ltd, each unlisted entities, at 75.7% and 48.4%, respectively. The Chinese language Commerce Ministry additionally imposed a 166.2% levy on different (unspecified) Indian enterprises.
UPL Ltd. reported a internet revenue of Rs 828 crore within the third quarter of the fiscal yr 2025, in comparison with a lack of Rs 1,217 crore within the earlier interval. In the course of the time, income climbed by 10% to Rs 10,907 crore, with 9% quantity progress and a 5% pricing rise. This was mitigated by foreign exchange considerations, primarily in Brazil.
The corporate’s earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) elevated to Rs 2,162 crore from Rs 416 crore the earlier yr. Its margin elevated to 19.8% from 4.2% a yr in the past.
At 3.08 pm, UPL shares have been buying and selling at Rs 659.70 per share, down 4.11%.
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