Conference Call with UPL Ltd. Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company UPL announced Q1FY26 results Revenue Rs 9,216 crore, change 2% YoY. Contribution Rs 4,001 crore, change 12% YoY Margin 43.4% | up by390 bps. EBITDA Rs 1,303 crore up by14% YoY Margin 14.1% | up by150 bps. Net Debt Rs 21,371 crore down by Rs 6,129 crore vs. Jun’24. Net Debt/ EBITDA 2.6xup by vs. 5.4x Jun’24 Net Debt/ Equity 0.6xup by vs. 0.9x Jun’24. Net Working Capital 86 Days down by 35 Days vs. Jun’24. Jai Shroff, Chairman & Group CEO, UPL, said: "We are pleased to report a strong start to FY26, reflecting the strength of our portfolio. All the platforms have been able to improve margins and cash generation. The remarkable resilience demonstrated by all our platforms, reaffirms that UPL is on the path of sustainable value creation. In view of this, we continue to see the opportunities of creating value for our shareholders. While the business platforms continue to attract investments from leading global investors, we remain committed to unlocking value across all the platforms through restructuring, receiving strategic investments, potential liquidity events which also helps to accomplish deleveraging, and we will soon engage advisors to achieve the same.” Bikash Prasad, Group CFO, UPL, said: "We are pleased to report a robust financial performance in Q1FY26, underpinned by improved operational efficiency, focus on bottom line and prudent financial management. Effective capital management, reduction in net debt and improved gearing ratios reflect our continued focus on balance sheet strength and long-term sustainable value creation. Our recent outlook upgrade by two global ratings agencies is an endorsement of our financial resilience, strategic clarity, and commitment to sustainable growth, reflecting our endeavour in enhancing long-term stakeholder confidence.” Mike Frank, Chief Executive Officer, UPL Corp, said: “Despite seasonal headwinds, particularly in Latin America volumes, we delivered a resilient performance this quarter. Our positive momentum continues in North America and Europe, yielding mid-single digit growth in both regions, with strong improvement in overall contribution in the business. Our focus on operational excellence created improvement in EBITDA margins, providing a solid foundation for a strong set-up for the rest of year performance.” Result PDF
Agrochemicals company UPL announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue increased to Rs 155.7 billion, compared to Rs 140.8 billion in Q4FY24, led by 11% volume growth and robust performance across all businesses EBITDA grew 68% to Rs 32.4 billion; EBITDA Margin improved by 710 bps to 20.8% Net Profit at Rs 9.0 billion, up from Rs 0.4 billion in Q4FY24 FY25 Financial Highlights: Revenue grew by 8% to Rs 466.4 billion, led by volume growth in crop protection, seeds and specialty chemical markets EBITDA increased by 47% to Rs 81.2 billion; EBITDA Margin improved 460 bps to 17.4% Net Profit at Rs 9.0 billion vs. a loss of Rs 12.0 billion in FY24 Reduced Net Debt by Rs 83.2 billion to Rs 138.6 billion, driven by strong operating free cash flow of Rs 44.5 billion and proceeds from two capital transactions. UPL announces dividend of Rs 6/- per equity share on equity shares of Rs 2/- each (on fully paidup equity shares and partly paid-up equity shares in proportion to their share in the paid-up equity share capital) Commenting on the Q4FY25 and full year performance, Jai Shroff, Chairman & Group CEO, UPL said: “Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. The significant improvement in profitability and operational efficiency, alongside consistent revenue growth, strong operating free cash flows and certain strategic fund-raising initiatives resulting in our net debt reduction by around $1 billion validates our commitment towards sustainable value creation. We enter FY26 with a sharper business model, stronger margins, and renewed momentum to capture emerging opportunities in our markets. Mike Frank, CEO UPL Corporation, said: “We are proud to deliver a strong finish to the year, marked by industry-leading volume growth and increased market penetration in key geographies. Our disciplined focus on SG&A; control has driven meaningful savings versus last year, while operational excellence led to a significant improvement of nearly 800 basis points in EBITDA margins. Strong free cash generation and tighter working capital management have further strengthened our balance sheet. These results reflect the relentless execution of our teams and the solid momentum we have built, positioning us well for sustained growth and value creation in the coming year." Result PDF