UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals and production and sale of field crops and vegetable seeds. Presenting below are its Q1 FY26 earnings.
Q1 FY26 Earnings Summary
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Consolidated Revenue: ₹9,216 crore, up 2% year-over-year (YoY) from ₹9,067 crore in Q1 FY25.
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EBITDA: ₹1,303 crore, up 14% YoY (margin improved by 150 bps to 14.1%).
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Net Loss: ₹176 crore, a substantial improvement from a ₹384 crore loss in Q1 FY25.
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Operating Highlights:
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EBITDA margin expansion stemmed from better product mix and strong cost discipline.
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Revenue growth led by India (+21% YoY), with North America and Europe both at +8% YoY; Latin America/Rest of World -10% YoY.
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Advanta platform revenue up 20% YoY, UPL SAS +13% YoY.
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Working capital days reduced sharply to 86 from 121 YoY.
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Net debt reduced by ₹6,129 crore sequentially to ₹21,371 crore, with further debt reduction expected post-rights issue closure by September.
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Key Management Commentary & Strategic Highlights
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Chairman & CEO Jai Shroff said, “We’ve started FY26 on a strong note. Our platforms have improved margins and cash flow, showing resilience. We’re confident in delivering sustainable value and will continue exploring strategic opportunities to reduce debt and enhance shareholder value.”
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Management reaffirmed FY26 guidance for 4–8% revenue growth and 10–14% EBITDA growth, underscoring optimism on global crop protection, Advanta’s organic-led growth, and operational efficiency.
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Robust reduction in net working capital and net debt, following the ₹3,409 crore redemption of perpetual bonds in May.
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India’s performance was a major driver, offsetting weakness in LATAM/ROW.
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Continued focus on value unlocking through restructuring, investments in digital agriculture, and prudent financial discipline.
Q4 FY25 Earnings Snapshot
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Consolidated Revenue: ₹15,573 crore, up 11% YoY from ₹14,078 crore in Q4 FY24.
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EBITDA: ₹3,240 crore, up 68% YoY (EBITDA margin improved to 20.8%, +710 bps).
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Net Profit: ₹1,079 crore, surging from ₹40 crore in Q4 FY24 (over 2,000% YoY increase).
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Key Drivers:
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Volume growth across businesses, especially crop protection and seeds.
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Significant operational efficiencies and cost control.
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Net debt at March 2025 close: ₹13,860 crore (₹1.62 billion), reduced by ₹8,320 crore ($1.04 billion) over FY25.
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Strategic actions included free cash flow improvements and capital raising via rights issue/Advanta stake sale.
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To view the previous earnings of the company, please click here