BAYERCROP

Feb 11 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE Q3 PROFIT 957 MILLION RUPEES

• BAYER CROPSCIENCE Q3 REVENUE FROM OPERATIONS 11.06 BILLION RUPEES

Source text: ID:nBSE66xlHt

Further company coverage: BAYE.NS

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Dec 10 (Reuters) - DCM Shriram Ltd DCMS.NS:

• DCM SHRIRAM LTD - CO AND BAYER SIGN MOU FOR AGRICULTURE

• DCM SHRIRAM LTD - MOU ESTABLISHES FRAMEWORK FOR AGRI-INPUTS AND DIGITAL ADVISORY

• DCM SHRIRAM LTD - COMPANIES TO EVALUATE PARTNERSHIP IN CHEMICALS BUSINESS

Source text: ID:nBSE7gbdyq

Further company coverage: DCMS.NS

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** Brokerage HSBC says strong rainfall and sowing trends support positive fundamentals for Indian agrochemical companies in the first half of FY2026

** 2025 monsoon arrived early on May 24, with an initial 31% rainfall deficit but a revival since then has pushed rainfall above average, with overall levels 2% above normal as of June 23

** Brokerage says good monsoon and higher crop sowing expected to boost seed and pesticide consumption

** HSBC maintains 'Buy' on UPL UPLL.NS and Dhanuka Agritech DHNP.NS, 'Hold' on Bayer CropScience BAYE.NS, and 'Reduce' on Rallis India RALL.NS

** YTD, UPL has gained ~29%, Dhanuka Agritech rose ~13%, Bayer CropScience edged up 1.9%, while Rallis India added 3.1%

(Reporting by Yagnoseni Das in Bengaluru)

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** Bayer CropScience BAYE.NS, a corn seeds and agrochemicals manufacturer, rises 10% to 5,650 rupees after the release of its fourth-quarter results

** Stock set for best day since September 2023, if gains hold

** BAYE's profit after tax grows 49% y/y and revenue grows 32% y/y

** Co says strong demand in the spring corn portfolio, marketing investments in Q3 and growth in crop protection drove results

** Antique Stock Broking says volume growth drove revenue and flags persisting pricing pressures

** Adds that normal monsoon forecasts and high corn prices should fuel maize seeds business growth going forward, while strong pre-monsoons will be a tailwind for the herbicide portfolio in the current quarter

** With session's gains, BAYE shares up ~9% in the last 12 months, erasing decline

(Reporting by Ananta Agarwal in Bengaluru)

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Feb 26 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE LTD - GETS TAX PENALTY OF 1.5 MILLION RUPEES

Source text: ID:nBSE9qWHC9

Further company coverage: BAYE.NS

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** Bayer CropScience BAYE.NS slides as much as 8.1% to 4,402 rupees, lowest since July 31, 2023

** Agricultural chemicals maker posts 63.3% y/y drop in Q3 profit on rising costs; rev up 10.7%

** Says targeted investments in promotional activities and provisions for doubtful receivables added to costs

** Stock set to fall for fourth straight session

** More than 36,000 shares traded, 2.3x the 30-day avg

** Stock rated "hold" on avg; median PT is 5,950 rupees - LSEG

** BAYE last down 6.3%, extending YTD losses to 13.8%

(Reporting by Meenakshi Maidas in Bengaluru)

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BENGALURU, Feb 11 (Reuters) - Diary of India economic, corporate events on Feb 11

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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Jan 22 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• RECEIVES PENALTY ORDER FROM CBIC MADHYA PRADESH

• PENALTY IMPOSED AMOUNTS TO 19.20 MILLION RUPEES

Source text: ID:nBSE1t3DxS

Further company coverage: BAYE.NS

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Jan 8 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE LTD - RECEIVES PENALTY ORDER FROM JOINT COMMISSIONER OF CUSTOMS & CENTRAL TAX

• BAYER CROPSCIENCE LTD - PENALTY IMPOSED AMOUNTS TO 27.94 MILLION RUPEES

Source text: ID:nBSEZZlyP

Further company coverage: BAYE.NS

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Nov 13 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE LTD - DIVIDEND OF 90 RUPEES PER SHARE

• BAYER CROPSCIENCE SEPT-QUARTER PROFIT 1.36 BILLION RUPEES

• BAYER CROPSCIENCE SEPT-QUARTER REVENUE FROM OPERATIONS 17.38 BILLION RUPEES

Source text: ID:nBSE6T1Fxk

Further company coverage: BAYE.NS

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** Shares of Shivalik Rasayan SIVA.NS rise 13.1% to 639.9 rupees

** Agrochemicals and active pharma ingredients (API)-maker received U.S. FDA approval for its API facility in India's Gujarat state

** Stock eyes best day since July 3

** SIVA down ~14% YTD; agrochemical rivals UPL UPLL.NS and Bayer Cropscience BAYE.NS up ~4% and ~19% YTD, respectively

** Rival API-makers Aurobindo Pharma ARBN.NS and Aarti Drugs ADRG.NS up ~34% and ~6.5% YTD, respectively

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Heranba Industries HERN.NS surge 20%, hitting upper circuit, to highest since Jan 2023

** Stock set for best day since listing on March 2021

** Agrochemical co posted Q1 profit vs yr-ago loss

** Larger rival UPL UPLL.NS posted wider-than-expected loss, Bayer Cropscience's BAYE.NS profit dropped

** HERN has now surged nearly 21% YTD, overtaking BAYE's roughly 16% gain, while UPL has lost ~4% in 2024

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Bayer CropScience BAYE.NS fall as much as 8.3% to 6,350 rupees; last down 4.8%

** Pesticide maker reported a near 23% fall in June-quarter profit while rev from ops dropped 6%

** BAYE set for worst session in more than two months

** Avg rating of six analysts covering the stock is "buy"; median PT at 6,060 rupees - LSEG data

** More than 142,000 shares change hands, three times the 30-day avg

** Stock up ~19% YTD, had gained 12% in 2023

(Reporting by Dimpal Gulwani in Bengaluru)

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Aug 8 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE JUNE-QUARTER PROFIT 2.54 BILLION RUPEES

• BAYER CROPSCIENCE JUNE-QUARTER REVENUE FROM OPERATIONS 16.31 BILLION RUPEES

Source text for Eikon: ID:nBSE37njPM

Further company coverage: BAYE.NS

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May 23 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE Q4 PROFIT 960 MILLION RUPEES VERSUS 1.59 BILLION RUPEES

• BAYER CROPSCIENCE Q4 REVENUE FROM OPERATIONS 7.92 BILLION RUPEES VERSUS 9.83 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: BAYE.NS

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BENGALURU, Feb 2 (Reuters) - UPL UPLL.NS, India's top agrochemicals firm, reported a quarterly loss on Friday as it continued to grapple with inventory destocking and weak demand for its crop protection products.

The herbicides and insecticides maker reported a net loss of 12.17 billion rupees ($146.84 million) in the quarter ended on Dec. 31, compared to a profit of 10.87 billion rupees a year ago. This is the company's second consecutive quarterly loss.

Revenue from operations fell 27.7% to 98.87 billion rupees, with its biggest business - crop protection - plunging nearly 31%.

Its Latin American business, which accounts for more than 40% of total sales, declined by 28%. Other major regions, including Europe, North America and India also saw a double-digit decline in sales.

"Destocking - the process of emptying out excess inventory levels following low demand - continued to weigh down the global agrochemical market," CEO Mike Frank said in a statement.

UPL's crop protection business suffered from destocking and pricing pressures in the North American and European markets, it said. In India, a below-average harvest season, especially in the states of Telangana and Karnataka, also hampered sales.

The company expects to see improved performance in the next two quarters and anticipates normalized business performance from the second quarter of fiscal 2025, Frank said.

Rival Bayer CropScience BAYE.NS reported a 31% fall in quarterly profit on Thursday, hurt by sluggish demand for its crop protection products.

UPL's shares ended 0.7% higher ahead of its results.

($1 = 82.8790 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Subhranshu Sahu and Sonia Cheema)

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Feb 1 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• DEC-QUARTER PROFIT 931 MILLION RUPEES VERSUS 1.35 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 9.55 BILLION RUPEES VERSUS 10.38 BILLION RUPEES

Further company coverage: BAYE.NS

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** Brokerage HSBC expects Indian agro input companies to recover in 2024 following a "disruptive" 2023

** Sector should rebalance over 1H2024 and may see a revival in 2H on less inventory overhang, pesticide prices close to bottoming out, higher crop prices - HSBC

** Brokerage raises PT of Dhanuka Agritech DHNP.NS to 1,200 rupees and of Bayer Cropscience BAYE.NS to 5,600 rupees

** Prefers UPL UPLL.NS, PI Industries PIIL.NS and DHNP, downgrades Rallis India RALL.NS to "reduce" from "hold"

** DHNP rises 1.6%, on track to snap six straight weeks of losses

** BAYE, UPLL, RALL, PIIL gain between 0.4% and 1.4% on Thursday

(Reporting by Hritam Mukherjee)

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Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE LTD- RECEIVED AN ORDER FROM CUSTOMS, IMPOSING FINE AND PENALTIES

Source text for Eikon: ID:nBSE4kSvgY

Further company coverage: BAYE.NS

Dec 14 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROPSCIENCE- GOT ORDER FROM CENTRAL GOODS & SERVICE TAX FOR DEMAND OF 8.06 MILLION RUPEES

• BAYER CROPSCIENCE- DEMAND ALONG WITH PENALTY OF 8.06 MILLION RUPEES

Source text for Eikon: ID:nBSE2c3M0S

Further company coverage: BAYE.NS

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Nov 20 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• CO RECEIVED ORDER FOR TAX DEMAND OF 8.55 MILLION RUPEES, PENALTY OF 8.55 MILLION RUPEES WITH INTEREST

• CO TO FILE APPEAL, BELIEVES IT HAS STRONG MERITS TO CHALLENGE ORDER

Source text for Eikon: ID:nBSE3nchC6

Further company coverage: BAYE.NS

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** Indian fertilizer and agro-chemicals companies will likely face challenges for two more quarters on destocking by customers, Kotak Institutional Equities analysts said

** Add volume growth will remain under pressure until (and including) Q1 calendar year 2024 on a yoy basis due to destocking

** Outlook for the winter-sown crop season is somewhat challenging in India, especially in the south, due to lower water levels - brokerage

** Says recovery after Q1 CY2024 is seen only as modest, and the recent softness in corn prices is a worry in terms of end-demand for CY2024

** Ten out of 20 companies in Kotak's coverage universe, including Best Agrolife BESA.NS, Bharat Rasayan BRSN.NS, Coromandel CORF.NS, India Pesticides IDIP.NS, Meghmani Organics MEGH.NS, Sumitomo SUMH.NS and UPL UPLL.NS posted fall in core earnings and revenue in Q2 vs year ago

** Two cos, Astec LifeSciences ASTE.NS and Sharda Cropchem SHCR.NS, reported losses from yr ago profit

(Reporting by Nallur Sethuraman in Bengaluru)

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** Shares of Bayer Cropscience BAYE.NS rise as much as 7.82% to 5,288.80 rupees, most intraday pct gain in two months

** Agrochemical products maker posts 37% year-on-year rise in net profit in second quarter to 2.23 bln rupees

** Revenue from operations up 11.4% at 16.17 bln rupees; BAYE also declares a dividend of 105 rupees per share

** BAYE among top gainers in Nifty 500 index .NIFTY500, which is up 0.75%

** BAYE most active in two months, with a trading volume of 132,370 shares as of 1:40 p.m. IST, more than 10 times the 30-day avg - LSEG data

** Including day's gains, BAYE up 3.7% in 2023 so far, compared with 10.15% rise in Nifty 500 index

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Bayer Cropscience BAYE.NS rise as much as 6.3% to 4,881.4 rupees, biggest intraday pct gain since Aug. 5, 2022

** Stock touches highest level since Jan. 3; on track for a third consecutive session of gains

** Agro-chemical manufacturer reports near-9% rise in June-quarter profit to 3.29 bln rupees ($39.74 mln)

** Revenue from operations rises 4.3% to 17.4 bln rupees

** Trading volume at 63,979 shares as of 11:38 a.m. IST, 3.6 times the 30-day avg - Refinitiv data

** Of the seven analysts tracking BAYE, two maintain "buy" and higher, four suggest "hold" and one recommends "sell"; median PT is 4,875 rupees - Refinitiv

($1 = 82.7950 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares in Bayer BAYGn.DE are up around 3% in early Frankfurt trade amid media speculation the German drugs-to-pesticides giant could spin off and list its CropScience unit

** On Friday, German news service Platow Brief published an article saying, without citing sources, that Bayer's CEO Bill Anderson is "under pressure" from investors to boost share price and clean up the legacy of his predecessor, and is considering a spin-off of the agrochemicals unit

** Bayer could not immediately be reached for comment

** "The rumours are unconfirmed, but shares have been soft over last few weeks - investors may be hoping for a break-up to reverse years of stock price underperformance," Berenberg analyst Sebastian Bray says

** A local trader says analysts estimate the crop unit's enterprise value at around 70 bln euros ($76.6 bln)

** "Unlocking the conglomerate discount ... remains the greatest single catalyst for the Bayer investment case," Jefferies says

** Jefferies adds a split would enable management to focus on value creation in each side of the business given the "limited strategic overlap" between the two highly specialised units

** "Spin off article light on details, but could help improve sentiment," Barclays says

** The stock tops German blue-chip index .GDAXI in early trade

($1 = 0.9136 euros)

(Reporting by Anna Mackenzie)

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June 22 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• ADITYA BIRLA SUN LIFE MUTUAL FUND DECREASES STAKE IN CO BY 2.0343%

• ADITYA BIRLA SUN LIFE MUTUAL FUND'S SHAREHOLDING IN CO NOW AT 2.9819%

Source text for Eikon: ID:nBSE535f26

Further company coverage: BAYE.NS

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May 24 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• FINAL DIVIDEND 30 RUPEES PER SHARE

Source text for Eikon: ID:nBSE8MpXdT

Further company coverage: BAYE.NS

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May 18 (Reuters) - Bayer Cropscience Ltd BAYE.NS:

• BAYER CROP SCIENCE HEAD OF RESEARCH AND DEVELOPMENT SAYS 'LOTS OF NEGOTIATION' OCCURRING BETWEEN EUROPEAN COMMISSION, COUNTRIES ABOUT PESTICIDE REDUCTION GOAL

Further company coverage: BAYE.NS

(Reporting by Rod Nickel)

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