UPL News, Corporate filings and Earnings/Conference Calls

Agrochemicals company UPL announced Q3FY26 results Revenue growth driven by higher volume and supported by favorable Fx: Platforms: strong performance in Advanta (+22%) and crop protection segment (+8%), led by volumes; specialty chemicals up by 42% vs LY. Regions: led by Europe (+21%), Rest of the World (+32%); momentum in India and Americas. Contribution increased 17% YoY on back of margin expansion (+160 bps vs LY) led by improved mix, higher capacity utilization and lower input cost, leading to a strong overall EBITDA growth. Profit Before Tax (PBT) up by 90% vs LY, from Rs 354 crore to Rs 671 crore; 9M improvement by >Rs 1,800 crore. Operational PATMI up by Rs 140 crore, translating to a growth of 45% vs LY (Q3LY adjusted for a tax-provision reversal of Rs 592 crore, on account of favorable order from appellate authority). Net working capital: 116 days (vs 107 days LY) at Rs 15,625 crore (Dec‘25). Net debt at Rs 23,317 crore (USD 2,594 million) in Dec‘25, reduced by Rs 2,553 crore (USD 427 million) vs LY (adjusted for perpetual bonds, lower by >USD 800 million); significant de-gearing vs LY. Successful filing of Advanta DRHP on 19th Jan, 2026. Achieved DJSI CSA score of 77 (ranked #1 within peers); CDP ‘A’ for climate and ‘A-’ for water. Awarded by ICPA in Jan, 2026 for (a) Governance Excellence and (b) Financial Performance. Jai Shroff, Chairman & Group CEO, UPL, said: “We are proud to deliver yet another record quarter, building on the solid foundation of last year’s strong base. This achievement reflects the strength of UPL’s diversified business model, driven by our robust intellectual property portfolio, cutting-edge digital and analytics capabilities, and unwavering commitment to innovation and sustainability. Our platforms are on pathways of unlocking significant value. As we continue to transform and scale our business, we remain focused on delivering long-term sustainable growth and creating value for all our stakeholders.” Bikash Prasad, Group CFO, UPL, said: ”UPL has delivered a strong performance, surpassing a strong third quarter last year. We have maintained robust momentum throughout the past three quarters, that reflects our operational excellence, and disciplined financial and risk management. We continue to achieve broad-based EBITDA growth for the year, strengthen our balance sheet through reduced net debt, and rigorous capital allocation. With a solid performance so far and a seasonally strong Q4, we remain optimistic and reaffirm our guidance.” Result PDF

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UPL News, Corporate filings and Earnings/Conference Calls

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