UPL awful Q3 numbers missed Street expectations on ALL counts. Destocking across global markets helped drag down its top line. Strong pricing pressure in the post-patent product vertical space took a bite out of margins and the bottom line.
Revenue: Rs 9,887 cr; -28% YoY
Net Loss: Rs 1,217 cr; vs profit of Rs 1,087 cr last year.
I think we should make distance from this particular stock.