UPL Limited\u2019s (NSE: UPL) stock climbed sharply in Monday trading, rising about 5% to around \u20b9698\u2013\u20b9699, after the company reported quarterly earnings that beat key operational metrics. The shares are trading below their 52-week high of about \u20b9812 and above the 52-week low near \u20b9589, reflecting recent volatility in the agrochemical maker\u2019s stock.<\/p>\n\n\n\n
UPL posted revenue of \u20b912,269 crore in the third quarter ended Dec. 31, 2025, up 12% year-on-year, driven mainly by higher volumes and favourable foreign exchange.<\/p>\n\n\n\n
EBITDA rose 13% to \u20b92,434 crore, with margins broadly steady at 19.8%. Contribution margin improved 160 basis points to 42.6%. Profit before tax surged 90% to \u20b9671 crore, underpinned by operating leverage and cost efficiency.<\/p>\n\n\n\n
Operational PATMI climbed 45% year-on-year. Net debt fell by about \u20b92,553 crore to \u20b923,317 crore, improving leverage metrics, with net debt\/EBITDA down to 2.5x from 3.8x a year ago. Net working capital days increased to 116 from 107.<\/p>\n\n\n\n
Reported consolidated net profit was lower compared with the year-ago quarter, reflecting a high comparative base that included tax benefits in Q3 FY25. Independent media reports noted net profit fell sharply on this basis.<\/p>\n\n\n\n
For the nine months to December 2025, revenue grew about 8% to \u20b933,504 crore, and EBITDA jumped about 22% to \u20b95,941 crore with improved margins of 17.7%, signalling sustained momentum across the fiscal year. Net debt reduction and margin expansion were consistent themes in the cumulative results.<\/p>\n\n\n\n
Key business platforms showed broad growth with the seeds arm Advanta up 22% in Q3 and crop protection and specialty chemicals also contributing to top-line gains. Regional revenue was led by Europe and Rest of World, with positive trends in India and the Americas.<\/p>\n\n\n\n
There were no major broker upgrades or downgrades reported today specifically tied to this earnings release. Consensus analyst estimates from prior coverage suggest modest long-term revenue and earnings growth expectations, but specific reaction to these results is muted so far.<\/p>\n\n\n\n
UPL reaffirmed its FY26 guidance citing sustained volume growth, margin expansion and stronger balance sheet metrics. The company\u2019s earnings call is scheduled later Monday following the release.<\/p>\n","protected":false},"excerpt":{"rendered":"
UPL Limited\u2019s (NSE: UPL) stock climbed sharply in Monday trading, rising about 5% to around \u20b9698\u2013\u20b9699, after the company reported quarterly earnings that beat key operational metrics. The shares are trading below their 52-week high of about \u20b9812 and above the 52-week low near \u20b9589, reflecting recent volatility in the agrochemical maker\u2019s stock. Q3 FY26 […]<\/p>\n","protected":false},"author":2384,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,12],"tags":[8881,8890],"class_list":["post-179102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-other-industries","tag-agricultural-inputs","tag-basic-materials"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172493,"url":"https:\/\/alphastreet.com\/india\/upl-q2-fy26-earnings-results\/","url_meta":{"origin":179102,"position":0},"title":"UPL Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 18, 2025","format":false,"excerpt":"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. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b912,019 crore, up 31.1% QoQ from \u20b99,359 crore in Q1 FY26, and up 9.5% YoY from \u20b911,201\u2026","rel":"","context":"In "Agricultural Products"","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"UPL Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/UPL-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/UPL-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/UPL-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/UPL-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/UPL-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/UPL-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169662,"url":"https:\/\/alphastreet.com\/india\/upl-ltd-q1-fy26-earnings-results-2-rise-in-revenue\/","url_meta":{"origin":179102,"position":1},"title":"UPL Ltd Q1 FY26 Earnings Results – 2% rise in Revenue","author":"Chirag Gupta","date":"August 1, 2025","format":false,"excerpt":"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 Consolidated Revenue:\u00a0\u20b99,216 crore, up 2% year-over-year (YoY) from \u20b99,067 crore in Q1 FY25. EBITDA:\u00a0\u20b91,303\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"UPL Ltd Q1 FY26 Earnings results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":179341,"url":"https:\/\/alphastreet.com\/india\/upl-q3-fy26-earnings-results\/","url_meta":{"origin":179102,"position":2},"title":"UPL Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"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. Q3 FY26 Earnings Results Revenue from Operations: \u20b912,269 cr, +12% YoY vs Q3 FY25 (\u20b910,907 cr) driven by volume growth and favourable forex. EBITDA: \u20b92,434\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-35.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-35.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-35.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-35.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-35.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-35.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":145358,"url":"https:\/\/alphastreet.com\/india\/upl-q4fy23-revenue-up-by-4\/","url_meta":{"origin":179102,"position":3},"title":"UPL Q4FY23 revenue up by 4%","author":"Chirag Gupta","date":"May 8, 2023","format":false,"excerpt":"UPL reported Total revenue for Q4 FY23 of \u20b916,569 Crore, up from \u20b915,861 Crore year on year depicting a growth of 4%. Consolidated Net Profit of \u20b91,080 Crore, down 38% from \u20b91,735 Crore in the same quarter of the previous year.\u00a0 The Earnings per Share is \u20b910.55, down 42% from\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/9a238125-8acb-478f-b386-c2143210d36b.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/9a238125-8acb-478f-b386-c2143210d36b.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/9a238125-8acb-478f-b386-c2143210d36b.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/9a238125-8acb-478f-b386-c2143210d36b.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/9a238125-8acb-478f-b386-c2143210d36b.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/9a238125-8acb-478f-b386-c2143210d36b.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":139590,"url":"https:\/\/alphastreet.com\/india\/upl-q3fy23-results-out-net-profit-rises-by-16\/","url_meta":{"origin":179102,"position":4},"title":"UPL Q3FY23 results out; Net profit rises by 16%","author":"Chirag Gupta","date":"January 31, 2023","format":false,"excerpt":"UPL Ltd reported 16% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to INR 1,087 crore. Revenue from operations increased 21% on-year to INR 13,679 crore, and was higher than the estimated INR 13,076 crore. The company saw continued growth momentum in the crop protection business\u2026","rel":"","context":"In "Agricultural Products"","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/f0153e08-603e-49cb-9f82-d263da1b1922.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/f0153e08-603e-49cb-9f82-d263da1b1922.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/f0153e08-603e-49cb-9f82-d263da1b1922.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/f0153e08-603e-49cb-9f82-d263da1b1922.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/f0153e08-603e-49cb-9f82-d263da1b1922.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/f0153e08-603e-49cb-9f82-d263da1b1922.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":150597,"url":"https:\/\/alphastreet.com\/india\/upl-ltd-q1fy24-90-fall-in-profits\/","url_meta":{"origin":179102,"position":5},"title":"UPL Ltd Q1FY24; 90% fall in Profits","author":"Chirag Gupta","date":"July 31, 2023","format":false,"excerpt":"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. Financial Results: UPL Ltd reported Revenues for Q1FY24 of \u20b98,963.00 Crores down from \u20b910,821.00 Crore year on year, a fall of 17.17%. 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