Latest news with #Advanta
Business Upturn
2 days ago
- Business
- Business Upturn
UPL's Advanta Brazil to sell Serra Bonita assets for $125 million
Advanta Comércio de Sementes Ltda. ('Advanta Brazil'), a leading global seed company and part of the UPL Group, has announced the sale of all assets of its Brazilian associate company, Serra Bonita Sementes S.A. ('Serra Bonita'), for a total consideration of USD 125 million, subject to closing adjustments. Advanta holds a 33% stake in Serra Bonita. This strategic transaction highlights UPL's focus on optimizing its asset portfolio and unlocking shareholder value. The proceeds from the sale will be received by Serra Bonita and are expected to be fully distributed to its shareholders in the coming months. The sale process will conclude with the legal winding-up of Serra Bonita. Advanta, as part of UPL Group, specializes in the research, development, production, and commercialization of high-performance seeds, with an emphasis on climate-smart crops designed to tackle global climate variability. The company's strengthened collaboration with the Roquetto Group underlines its commitment to sustainable innovation and the promotion of regenerative agriculture practices throughout Brazil. UPL also extended its gratitude to the management, employees, and shareholders of Serra Bonita for their valuable partnership and contributions over the years, reaffirming its dedication to continued shared growth and enhanced strategic alignment. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
12-05-2025
- Business
- Business Standard
UPL reports Q4 results: Net profit of ₹1,079 cr on higher revenue
UPL Ltd on Monday reported a consolidated net profit of Rs 1,079 crore in the fourth quarter of FY25, supported by higher revenue. UPL Ltd on Monday reported a consolidated net profit of Rs 1,079 crore in the fourth quarter of FY25, supported by higher revenue. The company had posted a loss of Rs 80 crore a year earlier. Its total income rose 10.6 per cent to Rs 15,573 crore in the January-March quarter from Rs 14,078 crore in the year-ago period, the agrochemicals major said in a regulatory filing. For the full financial year 2024-25, UPL posted a consolidated net profit of Rs 820 crore compared to a net loss of Rs 1,878 crore in the preceding fiscal. The company's annual total income increased to Rs 46,637 crore from Rs 43,098 crore. "The significant improvement in profitability and operational efficiency, alongside consistent revenue growth, strong operating free cash flows and strategic fund-raising initiatives resulted in our net debt reduction by around USD 1 billion," UPL Chairman and Group CEO Jai Shroff said. The company reduced its net debt to Rs 13,860 crore as of March 31 from Rs 22,170 crore a year ago on higher operating free cash flows and Rs 470 crore gross proceeds from a rights issue and Advanta stake sale. Its net working capital days improved to 53 days in FY25 from 86 days in the previous fiscal due to better inventory optimisation and tighter credit management, the company said. UPL announced a dividend of Rs 6 per equity share. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
