please find attached letter dated 12th May 2025
Awaiting price reaction for this filing.
UPL Limited announced strong financial results for Q4 and full year FY25 (ended March 31, 2025). Q4 FY25 revenue grew 11% YoY to ₹155.7 Bn, driven by 11% volume growth, while EBITDA jumped 68% to ₹32.4 Bn with margins improving 710 basis points to 20.8%. Net profit for the quarter stood at ₹9.0 Bn versus just ₹0.4 Bn in Q4 FY24. For the full year, revenue grew 8% to ₹466.4 Bn, EBITDA rose 47% to ₹81.2 Bn with margins up 460 bps at 17.4%, and the company swung from a ₹12.0 Bn loss in FY24 to a net profit of ₹9.0 Bn. The company also reduced net debt by ₹83.2 Bn ($1.04 Bn) to ₹138.6 Bn, supported by strong free cash flows and capital raising initiatives, and announced a dividend of ₹6 per share.
The strong earnings recovery, significant debt reduction of over ₹83 Bn, improved margins, and dividend declaration signal improved financial health and should be viewed positively by shareholders. The turnaround from a loss to profit and nearly 800 bps EBITDA margin expansion suggest the company's restructuring efforts are paying off.