UPL quarterly results and financials

UPL (UPL)₹541.50+1.44%(9 Nov 2026 close)Pesticides & Agrochemicals

Key facts

In the Jun 2026 quarter (consolidated), UPL reported sales of ₹10,149 Cr, up 10.5% from Jun 2025, and net profit of −₹73.04 Cr. For the year to Mar 2026, sales were ₹51,700 Cr and net profit ₹2,219 Cr.

Sales (Jun 2026): ₹10,149 Cr
Net profit (Jun 2026): −₹73.04 Cr
Sales (FY Mar 2026): ₹51,700 Cr
Net profit (FY Mar 2026): ₹2,219 Cr
EPS (Jun 2026): ₹0.11
Borrowings (Mar 2026): ₹23,627 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

UPL quarterly results

₹ crore unless stated; each column is a quarter.

UPL Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	10,141	9,861	14,045	9,048	11,058	10,870	15,540	9,185	11,979	12,240	18,286	10,149
Expenses	9,058	9,823	12,248	8,001	9,879	9,241	12,419	7,823	10,087	10,037	14,860	8,815
Operating Profit	1,122	67.03	1,849	1,070	1,218	1,679	3,167	1,396	1,948	2,236	3,484	1,367
OPM %	11.0%	0.7%	13.0%	12.0%	11.0%	14.9%	20.0%	15.0%	16.0%	17.9%	19.0%	13.0%
Other Income	18.05	134	66.20	49.12	103	94.28	−168	152	393	36.07	162	209
Interest	872	1,193	1,091	913	1,071	730	915	1,009	784	775	837	853
Depreciation	657	676	794	660	698	688	706	731	772	827	916	831
Profit before tax	−389	−1,666	30.03	−455	−448	354	1,377	−190	785	671	1,892	−109
Tax %	−25.1%	−4.0%	367.0%	16.0%	31.0%	−141.1%	22.0%	−7.0%	21.9%	27.0%	32.0%	−33.1%
Exceptional items	−22.08	−16.07	68.23	−29.10	−3.01	−76.24	−216	1.01	76.27	−40.13	−11.04	17.07
Net Profit	−293	−1,607	−79.96	−527	−585	853	1,079	−176	612	490	1,293	−73.04
EPS (Rs)	−2.23	−14.38	0.46	−4.54	−5.24	9.80	10.60	−1.03	6.55	4.69	12.55	0.11

UPL profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

UPL Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	14,003	16,271	17,329	21,780	35,658	38,576	46,121	53,409	42,998	46,539	51,700	52,654
Expenses	11,706	13,346	13,968	18,033	29,011	30,363	36,722	43,426	38,859	39,540	42,780	43,799
Operating Profit	2,350	2,967	3,412	3,815	6,774	8,354	9,529	10,199	4,300	7,136	9,085	9,035
OPM %	17.0%	18.0%	19.9%	16.9%	19.0%	22.0%	21.0%	19.0%	10.0%	15.0%	18.0%	17.2%
Other Income	149	364	352	−197	−517	62.14	91.23	465	232	78.17	725	800
Interest	705	735	784	964	1,483	2,063	2,296	2,968	3,854	3,630	3,407	3,250
Depreciation	677	672	675	880	2,011	2,174	2,358	2,548	2,764	2,752	3,247	3,346
Profit before tax	1,117	1,924	2,305	1,774	2,764	4,183	4,970	5,154	−2,089	829	3,157	3,239
Tax %	15.0%	10.0%	12.0%	11.0%	21.0%	15.9%	11.0%	13.9%	−10.0%	1.0%	30.0%	—
Exceptional items	−57.17	−47.15	−58.26	−331	−447	−180	−223	−104	−147	7.03	137	42.17
Net Profit	952	1,733	2,030	1,574	2,179	3,493	4,434	4,413	−1,877	820	2,219	2,322
EPS (Rs)	12.97	20.16	23.55	17.32	20.65	33.36	42.14	42.22	−14.20	10.61	22.74	23.90
Dividend payout %	22.9%	20.0%	20.0%	27.0%	25.9%	27.0%	21.0%	20.9%	−6.0%	53.0%	26.0%	—

UPL balance sheet

₹ crore, at each year end.

UPL Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	86.11	86.20	101	102	102	153	153	153	150	150	159	169
Reserves	5,765	5,802	7,219	9,058	14,564	19,077	20,686	24,444	26,638	24,586	28,959	34,429
Borrowings	3,289	5,270	6,460	6,654	29,175	29,412	24,538	26,797	23,975	29,777	25,119	23,627
Other Liabilities	5,168	5,749	6,485	7,182	18,618	19,799	23,407	29,240	35,422	30,726	31,824	35,014
Total Liabilities	14,306	16,907	20,265	22,996	62,459	68,441	68,785	80,634	86,185	85,239	86,061	93,239
Fixed Assets	4,023	3,858	4,065	4,431	32,079	35,258	34,710	36,124	38,636	39,021	39,023	42,099
CWIP	581	483	790	1,317	1,852	2,070	2,111	2,495	2,813	2,957	2,539	3,137
Investments	763	335	378	1,033	707	558	618	1,922	1,614	2,153	2,328	2,666
Other Assets	8,939	12,232	15,031	16,216	27,821	30,555	31,346	40,093	43,122	41,109	42,171	45,336
Inventories	2,941	3,788	4,160	4,543	9,136	7,856	9,431	13,093	14,004	12,790	10,327	12,681
Trade receivables	3,798	5,106	5,664	6,064	11,697	11,879	12,157	15,343	18,226	16,365	15,508	17,902
Cash & equivalents	1,006	1,185	2,885	2,886	2,841	6,732	4,840	6,103	6,075	6,014	9,507	6,066
Total Assets	14,306	16,907	20,265	22,996	62,459	68,441	68,785	80,634	86,185	85,239	86,061	93,239

UPL cash flow

₹ crore, for each year.

UPL Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1,406	1,391	2,579	2,832	2,349	8,716	7,190	6,476	7,733	2,315	10,117	7,825
Cash from investing activity	−463	−1,738	−1,023	−2,062	−31,351	−2,668	−2,429	−3,580	−1,356	−2,512	−1,825	−1,478
Cash from financing activity	−994	470	140	−804	28,983	−2,183	−6,731	−1,928	−6,247	165	−4,811	−9,909
Net cash flow	−45.14	131	1,709	−21.07	−33.08	3,907	−1,933	1,003	171	−24.08	3,548	−3,512
Capex	600	697	1,263	1,418	1,580	1,984	2,128	2,696	2,365	1,999	1,700	2,414
Free cash flow	875	700	1,377	1,431	799	6,777	5,124	3,916	5,442	366	8,866	5,484
CFO / OP %	71.1%	78.0%	99.0%	90.0%	71.0%	141.0%	95.1%	79.0%	88.0%	81.0%	156.0%	93.0%

UPL ratios

Working-capital days and returns, by year.

UPL Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	115	133	127	127	195	121	115	121	124	138	121	126
Inventory days	179	205	195	205	307	154	181	217	188	199	156	180
Days payable	194	212	227	254	329	198	243	273	235	195	163	168
Cash conversion cycle	97	123	92	75	170	74	50	63	75	140	112	134
Working capital days	45	48	84	94	127	59	52	36	46	52	9	5
ROCE %	21.1%	19.0%	22.1%	21.1%	10.1%	10.1%	13.1%	14.0%	14.1%	3.0%	8.0%	10.1%

UPL: frequently asked questions

What are the latest quarterly results of UPL?

For the Jun 2026 quarter, UPL reported sales of ₹10,149 Cr, up 10.5% year on year and net profit of −₹73.04 Cr. The operating margin was 13.0%.

What is the annual revenue of UPL?

UPL's sales for the year to Mar 2026 were ₹51,700 Cr; over the last twelve months they were ₹52,654 Cr.

What is the net profit of UPL?

Net profit for the year to Mar 2026 was ₹2,219 Cr, and ₹2,322 Cr over the last twelve months. Earnings per share over the same trailing period were ₹23.90.

How much debt does UPL have?

UPL reported borrowings of ₹23,627 Cr at Mar 2026, against cash and equivalents of ₹6,066 Cr.

What is the free cash flow of UPL?

Cash from operations was ₹7,825 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5,484 Cr.

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