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Informist, Monday, Aug. 3, 2026

 

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--UPL Apr-Jun consol net profit INR 100 mln
--UPL Apr-Jun consol revenue INR 101.81 bln
--UPL Apr-Jun consol net profit INR 100 mln vs loss INR 880 mln yr ago
--UPL Apr-Jun consol revenue INR 101.81 bln vs INR 92.16 bln year ago
--UPL Apr-Jun consol EBITDA INR 15 bln, up 15% on year
--UPL Q1 consol EBITDA margin 14.7%, up 60 bps on year
--UPL: Expects FY27 EBITDA growth at 10-14%
--UPL: Expect FY27 revenue growth at 7-11%
--UPL Apr-Jun Latin America revenue INR 26.03 bln vs INR 24.01 bln year ago
--UPL Apr-Jun Europe revenue INR 15.98 bln vs INR 15.35 bln year ago
--UPL Apr-Jun India revenue INR 26.02 bln vs INR 22.62 bln year ago
--UPL Apr-Jun North America revenue INR 15.82 bln vs INR 13.37 bln year ago

 

By Ruchira Kagita

 

MUMBAI – UPL Ltd.'s consolidated net profit for the June quarter defeated some brokerages' expectations of a loss for the period. The company's revenue also rose on year, in line with the management's lower band of guidance for the June quarter and above the average of analysts' estimates. The company's revenue growth was driven by sales in the Americas, India, and Rest of World geographical segments.

 

The company's consolidated net profit for the June quarter came in at INR 100 million as against a loss of INR 880 million a year ago. A surge of nearly 52% in its other income, coupled with total expenses growing at a slower pace than both revenue from operations and total income, supported the rise in profit. Lower net finance cost and currency depreciation also lent support.

 

The agrochemical company's revenue from operations rose 10.5% on year to INR 101.81 billion. This is its best-ever sales growth for the June quarter in four years. The management had forecast sales growth of 10-14% for the quarter. Sales from Latin America grew 8% on year to INR 26.03 billion. This growth was primarily led by demand for Acephate and Clethodim in Brazil, the company said.

 

In India, sales increased 15% on year in the June quarter to INR 26.02 billion. Volumes in the country's seeds and super-speciality chemicals segments posted strong growth despite the delayed monsoon having an adverse impact, according to the company's investor presentation.

 

In North America, sales grew 18% in the quarter under review to INR 15.82 billion. This sales growth was led by herbicides, fungicides, and the post-harvest segment, the company said. Sales in Europe were up 4% at INR 15.98 billion. Unfavourable weather hit volumes in Germany, the company said, adding that the favourable impact of foreign exchange changes supported growth.

 

Revenues from the Rest of World division went up 7% year-on-year for Apr-Jun, driven by strong performance in Indonesia, the company said. Its crop protection business reported revenues of INR 76.59 billion, up 6% on year. Meanwhile, sales from the seeds and post-harvest segment rose nearly 25% to INR 17.50 billion and sales from its non-agricultural business grew 33% to INR 8.48 billion.

UPL's earnings before interest, taxes, depreciation, and amortisation for the quarter ended June were INR 15 billion, up 15% on year. The management had guided for the EBITDA to rise by 14–18%. The EBITDA margin was 14.7%, up 60 basis points. Its contribution margin expanded by 180 bps to 45.2%, led by pricing action, higher capacity utilisation, and a favourable portfolio mix, the company said.

 

Revenues from almost all its key subsidiaries--UPL Corp. Ltd., UPL Sustainable Agri Solutions Ltd., Advanta Seeds, and SUPERFORM Chemistries Ltd.--increased for the June quarter. UPL Corp.'s revenues climbed 7% on year to INR 63.74 billion, those from Advanta by 26% to INR 17.54 billion, and those from SUPERFORM by 14% to INR 29.19 billion. Sales from UPL Sustainable Agri were largely flat on year at INR 11.40 billion. Weather conditions offset the benefits of pricing action, the company said in its earnings press release. 

 

UPL's gross debt as of Jun. 30 stood at $3 billion, down slightly from $3.1 billion a year ago, while its net debt was flat at $2.5 billion. Its net working capital increased due to a build-up of inventory and because of foreign exchange changes, the company said. 

 

"...Our focus on profitable growth is clear in our expanding margins and improving return ratios, even as we maintained net debt and improved gearing despite the seasonality-led increase in working capital," Group Chief Financial Officer Bikash Prasad said in the press release.

 

Going forward, the company sees its overall revenue growing 7–11% for FY27 and the EBITDA by 10-14%. The company does not foresee any adverse weather conditions down the line, nor does it anticipate any major escalation in the war in West Asia. "With a resilient core, a stronger balance sheet, and disciplined execution, we are well positioned to deliver another year of profitable, high-quality growth," Prasad said. 

 

UPL released its earnings for the June quarter at the fag end of Monday's trading session. Its shares closed at INR 620 on the National Stock Exchange, up almost 3% from Friday.  End

 

US$1 = INR 95.33

 

Edited by Himanshi Gupta and Rajeev Pai

 

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