UPL Limited reported a notable improvement in its bottom line for the first quarter of FY26, as the company’s consolidated net loss narrowed significantly to ₹880 million, compared to a much steeper loss of ₹3.84 billion in the same period last year. Despite revenue remaining largely flat at ₹9,216 crore versus ₹9,067 crore a year ago, improved pricing, product mix, and operational efficiency contributed to better profitability metrics.
The agrochemical major’s EBITDA rose 26.8% year-on-year to ₹1,396 crore from ₹1,101 crore, with EBITDA margins expanding to 15.15% from 12.14% last year. Contribution margins improved by 390 basis points, aided by higher capacity utilisation and lower input costs.
Among regional performances, India posted robust revenue growth of 21%, followed by North America and Europe at 8% each. However, Latin America and the rest of the world saw a 10% decline in revenue. At a platform level, Advanta and UPL SAS stood out with 20% and 13% revenue growth respectively.
UPL also highlighted a meaningful reduction in its net working capital to 86 days from 121 days last year, and net debt came down by ₹6,129 crore to ₹21,371 crore. The company redeemed perpetual bonds worth ₹3,409 crore in May 2025 and expects to receive the final proceeds of its ongoing rights issue by the end of September.
Management expressed optimism over the company’s long-term strategy, reaffirming their commitment to unlocking value through restructuring, strategic investments, and improved financial discipline.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult with a certified financial advisor before making any investment decisions.
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