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