SHARDACROP

Oct 25 (Reuters) - Sharda Cropchem Ltd SHCR.NS:

• SEPT-QUARTER CONSOL NET PROFIT 424.1 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.77 BILLION RUPEES

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** Shares of Sharda Cropchem SHCR.NS lose 4% to 563.4 rupees

** Drop after the U.S. unit of agrochemicals company receives temporary restraining order from a U.S. District Court from importing, selling, advertising, marketing or distributing, select products

** FMC Corporation, an agricultural sciences company, had filed the lawsuit

** FMC alleges SHCR's unit infringes on U.S. patents covering insecticide products containing bifenthrin and zeta-cypermethrin

** North American Free Trade Agreement region, in which this restraining order is imposed, accounts for ~37% of SHCR's revenue in agrochemicals segment, as of June quarter

** Avg rating of analysts tracking SHCR is "buy"; median PT 618.5 rupees - LSEG data

** SHCR up 25% in 2024 so far

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India's Sharda Cropchem SHCR.NS down 3.4%

** Agrochemicals co's Q3 consol net profit slumped 96% while rev dropped about 38%

** Stock fell 7% to the day's low earlier in the session, recording its sharpest intraday pct loss since July 25, 2023

** Stock sees busiest day since Dec. 28, eyes fourth straight week of losses

** More than 616,000 shares changed hands by 2:57 p.m. IST, more than 3x 30-day avg

** Mean recommendation of six analysts eyeing the stock is "buy", median TP 500 rupees - LSEG data

** Stock down about 10% so far this year

(Reporting by Hritam Mukherjee in Bengaluru)

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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 Sharda Cropchem SHCR.NS fall as much as 3.21% to 409 rupees apiece, lowest since Nov. 30, 2022

** SHCR reported loss of 275.81 mln rupees in September quarter from profit of 120.92 mln rupees in year-ago period

** Revenue from operations fell 19.5% YoY

** Pressure on SHCR's earnings due to heavy rebates to dealers; inventory losses shall be more severe and hurt FY24 profit - Nuvama Institutional Equities

** Antique Stock Broking cuts earnings estimates for FY24 and FY25 by 37% and 27%, respectively

** Avg rating of seven analysts close to equivalent of 'buy; median PT is 520 rupees - LSEG data

** SHCR down 6% this week so far, and 20% in 2023

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of Sharda Cropchem SHCR.NS down as much as 7.29% at 446.25 rupees - lowest since April 27

** Co on Monday posted a swing to loss in Q1; shares closed 6.22% lower

** Antique Stock Broking downgrades co to "hold" from "buy", cuts PT to 520 rupees from 720 rupees on near-term challenges

** Prabhudas Lilladher downgrades to "accumulate" from "buy", cuts PT to 540 rupees from 640 rupees citing margin and revenue pressures

** Stock on track for fourth consecutive session of decline

** More than 614,000 shares changed hands by 11:46 a.m. IST, 2.3x 30-day avg

** Seven analysts rate stock "buy" or higher, median PT 640.00 rupees - Refinitiv data

** Including session's losses, stock down ~13% so far this year

(Reporting by Hritam Mukherjee in Bengaluru)

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July 24 (Reuters) - Sharda Cropchem Ltd SHCR.NS:

• INDIA'S SHARDA CROPCHEM LTD JUNE-QUARTER CONSOL NET LOSS 886.4 MILLION RUPEES VERSUS PROFIT 226.4 MILLION RUPEES

• SHARDA CROPCHEM LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.38 BILLION RUPEES VERSUS 8.25 BILLION RUPEES

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June 7 (Reuters) - Sharda Cropchem Ltd SHCR.NS:

• CFO ASHOK KUMAR VASHISHT RESIGNS

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** Shares of Sharda Cropchem Ltd SHCR.NS rise as much as 4.58%, most intraday gain in a year, to 519.90 rupees

** Uptick after the agro-chemicals firm reports 12% Y/Y rise in consolidated net profit to 1.99 bln rupees in March quarter

** Revenue from operations gains over 3% Y/Y to 14.82 bln rupees

** SHCR approves final dividend 3 rupees per share

** Trading volume is 346,562 shares as of 11:43 a.m. IST, more than thrice the 30-day avg - Refinitiv data

** All seven analysts tracking SHCR maintain "buy"; median TP is 687 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 12 (Reuters) - Sharda Cropchem Ltd SHCR.NS:

• FINAL DIVIDEND 3 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 1.99 BILLION RUPEES VERSUS PROFIT 1.77 BILLION RUPEES YEAR AGO

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 14.82 BILLION RUPESS VERSUS 14.34 BILLION RUPEES YEAR AGO

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