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Informist, Friday, Aug. 1, 2025

 

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--UPL Apr-Jun consol net loss INR 880 mln 
--Analysts saw UPL Apr-Jun consol net loss at INR 1.94 bln 
--UPL Apr-Jun consol net loss INR 880 mln vs INR 3.84 bln loss year ago 
--UPL Apr-Jun consol revenue INR 92.16 bln vs INR 90.67 bln year ago 
--UPL Apr-Jun consol crop protection revenue INR 74.59 bln vs INR 75.40 bln 
--UPL Apr-Jun consol seeds revenue INR 11.84 bln vs INR 10.11 bln year ago 
--UPL Apr-Jun consol non-agro revenue INR 6.39 bln vs INR 5.97 bln yr ago 
--UPL Apr-Jun consol EBITDA INR 13.03 bln, up 14% on year 
--UPL Apr-Jun consol EBITDA margin 14.1%, up 150 bps on year 
--UPL Apr-Jun Latin America revenue INR 24.01 bln, down 10% on year 
--UPL Apr-Jun Europe revenue INR 15.35 bln, up 8% on year 
--UPL Apr-Jun India revenue INR 22.62 bln, up 21% on year 
--UPL Apr-Jun North America revenue INR 13.37 bln, up 8% on year 
--UPL: Net debt INR 213.71 bln as on Jun 30, down INR 61.29 bln year ago 
--UPL: FY26 revenue growth guidance 4-8% 
--UPL: On track to achieve FY26 guidance 
--UPL: Saw robust performance in Q1 on improved operational efficiency 
--UPL: Saw robust performance in Q1 on prudent financial management 
--UPL: Q1 EBITDA growth driven by favorable pricing, input cost, product mix 
--UPL: Q1 EBITDA growth driven by improved capacity utilisation 

 

By P. Madhu Kumar and Rajesh Gajra

 

MUMBAI/NEW DELHI – UPL Ltd.'s consolidated net loss shrank significantly to INR 880 million in the June quarter from INR 3.84 billion in the year-ago period. The company's loss narrowed year-on-year despite only marginal increase in revenue as the company kept its expenses in check and also received a tax write-back.

 

Its net loss for the June quarter was lower than analysts' expectations of a consolidated net loss of INR 1.94 billion. "All the platforms have been able to improve margins and cash generation," Chairman and group Chief Executive Officer Jai Shroff said in a press release.

 

The company's consolidated revenue from operations grew 1.6% on year to INR 9.22 billion but fell a whopping 40% on quarter. Its other income rose 46% on year to INR 1.43 billion.

 

Despite lower sequential revenue growth, UPL's consolidated earnings before interest, tax, depreciation, and amortisation increased 14% on year to INR 13.03 billion in the June quarter on the back of better control on costs. The company's EBITDA margin expanded 150 basis points to 14.1% in Apr-Jun. The company said EBITDA growth in the June quarter was driven by improved capacity utilisation, favourable pricing, lower inputs costs, and a good product mix.

 

According to the company, the robust earnings performance in the June quarter was enabled by better operational efficiencies and prudent financial management. UPL has retained its 2025-26 (Apr-Mar) revenue growth guidance of 4-8% and EBITDA growth guidance of 10-14% that it had given after its March quarter earnings were announced.

 

UPL's bottom line was helped by a decline in total tax expenses. In the June quarter, the company's total tax expenses were (-) INR 140 million as compared with INR 720 million a year ago. The company said it reversed a tax provision of INR 5.92 billion made in earlier years due to the tax appellate authority adjudicating a previous corporation tax and transfer pricing dispute in the company's favour.

 

UPL's India revenue for the June quarter rose 21% on year to INR 22.62 billion. It said a favourable season drove upsides for several products in India. The revenue from Latin America fell 10% on year to INR 24.01 billion due to a decline in insecticide volume in Brazil, volume decline in Mexico, and overall pricing challenges.

 

The Europe and North America revenue increased 8% on year each. The Europe revenue was INR 15.35 billion in the June quarter while North America revenue was INR 13.37 billion. In Europe, except for Turkey market, the herbicide volume increased. In North America, the revenue growth was helped by pricing gains.

 

The company's consolidated revenue from producing and making chemicals-based insecticides, herbicides, and fungicides declined to INR 74.59 billion in the June quarter from INR 75.40 billion in the year-ago quarter. The revenue from seeds segment at a consolidated level increased to INR 11.84 billion from INR 10.11 billion a year ago while the consolidated non-agro revenue, that includes super-specialty chemicals business, increased to INR 6.39 billion from INR 5.97 billion a year ago.

 

UPL's net debt was INR 213.71 billion as of Jun. 30, lower by INR 61.29 billion as compared to the year ago level. Shares of UPL closed at INR 665.15 Friday, down 5.5%, on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

 

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