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Informist, Thursday, Nov. 6, 2025

 

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--UPL Jul-Sept consol net profit INR 5.53 bln 
--Analysts saw UPL Jul-Sept consol net profit INR 1.81 bln 
--UPL Jul-Sept consol revenue INR 120.19 bln 
--Analysts saw UPL Jul-Sept consol revenue INR 112.49 bln 
--UPL Jul-Sept consol PAT INR 5.53 bln vs loss INR 4.43 bln year ago 
--UPL Jul-Sept consol revenue INR 120.19 bln vs INR 110.90 bln year ago 
--UPL Jul-Sept net profit includes one-time income INR 1.42 bln 
--UPL Q2 one-time income INR 2.4 bln on VAT provision reversal in Brazil 
--UPL Q2 one-time cost INR 980 mln on restructuring cost 
--UPL Apr-Sept consol net profit INR 4.65 bln vs loss INR 8.27 bln year ago 
--UPL Apr-Sept consol revenue INR 212.35 bln vs INR 201.57 bln year ago 
--UPL Q2 consol EBITDA INR 22.05 bln, up 40% on year 
--UPL Q2 consol crop protection revenue INR 97.36 bln vs INR 92.36 bln 
--UPL Q2 consol EBITDA margin 18.3%, up 410 bps on year 
--UPL Q2 consol seeds revenue INR 16.76 bln vs INR 13.28 bln year ago 
--UPL Q2 consol non agro revenue INR 6.55 bln vs INR 5.99 bln yr ago 
--UPL Q2 Latin America revenue INR 56.93 bln vs INR 50.43 bln year ago 
--UPL Q2 Europe revenue INR 13.71 bln vs INR 13.68 bln year ago 
--UPL Q2 India revenue INR 16.60 bln vs INR 15.71 bln year ago 
--UPL Q2 North America revenue INR 9.07 bln vs INR 5.58 bln year ago 
--UPL: Net debt INR 238.02 bln as on Sept 30 
--UPL: Q2 sales growth driven by higher volumes, favorable currency movement 
--UPL: Upgraded FY26 EBITDA YoY growth guidance to 12-16% from 10-14?rlier 
--UPL: Retained FY26 revenue YoY growth guidance at 4-8% 
 

 

By Pallavi Singhal

 

NEW DELHI – UPL Ltd. reported a consolidated net profit of INR 5.53 billion for the September quarter, against a loss of INR 4.43 billion a year ago, on improvement in margin and a one-time gain from reversal of a tax provision for its operations in Brazil. The net profit was sharply higher than analysts' expectations of INR 1.81 billion.

 

Of the net profit of INR 5.53 billion, the one-time reversal was INR 2.4 billion, which was partially offset by INR 980 million of restructuring costs linked to closure of a plant in Europe. 

 

UPL's consolidated revenue from operations rose 8% on year to INR 120.19 billion, exceeding the INR 112.49 billion estimated by analysts. The company said sales growth was driven by higher volumes and favourable currency movement, particularly in the Americas.

 

Earnings before interest, tax, depreciation, and amortisation rose 40% on year to INR 22.05 billion and the EBITDA margin expanded 410 basis points to 18.3%. The company attributed the improvement to better product mix, higher capacity utilisation, and lower input costs.

 

Region-wise, revenue grew 13% in Latin America to INR 56.93 billion, 63% in North America to INR 9.07 billion, and 6% in India to INR 16.60 billion, while in Europe it was largely flat at INR 13.71 billion. Revenue from rest of the world fell 6% to INR 23.88 billion due to subdued demand.

 

Giving a platform-wise analysis, the company attributed the strong performance in the September quarter to UPL Corp. and Advanta. While UPL Corp. posted a 12% rise in revenue to INR 86.25 billion, supported by strong performance in Americas, Advanta's revenue surged 26% to INR 16.69 billion on robust corn and sunflower seed sales. Revenue of Superform grew only 1% to INR 27.99 billion.

 

UPL Sustainable Agri Solutions Ltd.'s revenue declined 10% to INR 9.11 billion because of adverse weather conditions in India. The kharif season, which began strongly with higher sowing, was later disrupted by excessive rainfall and elevated channel inventories, both of which weighed on agrochemical sales. Heavy rains often wash away recently sprayed products, and farmers do not respray as this involves significant costs.

 

For the Apr-Sept period, UPL reported a consolidated net profit of INR 4.65 billion against a loss of INR 8.27 billion a year earlier. Consolidated revenue for the period rose 5% on year to INR 212.35 billion.

 

The company's net debt stood at INR 238.02 billion as on Sept. 30. UPL has revised upward its FY26 EBITDA growth guidance to 12–16% from 10–14?rlier citing improved demand visibility, operational efficiencies, and margin stability, while retaining its revenue growth outlook at 4–8%.

 

"Q2 has been a standout quarter, underscoring our operational excellence and financial discipline across platforms," Group Chief Financial Officer Bikash Prasad said in a statement. He said that the company delivered broad-based EBITDA growth, reduced net debt, lowered finance costs through effective capital management, and improved the company's gearing, which resulted in improved profit, positively reflecting the company's commitment to long-term value creation.

 

UPL declared its earnings during market hours. The company's shares closed at INR 733.35 on the National Stock Exchange, up 0.3% from Tuesday. Intraday, the shares rose to INR 747.40 while the low for the day was INR 713.40. End  

 

Edited by Ashish Shirke

 

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