Please find enclosed letter dated May 11, 2026
UPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
UPL Limited reported strong annual results for FY2026 ended March 31, 2026. Consolidated revenue from operations grew 11% to Rs. 51,839 crores from Rs. 46,637 crores. Profit after tax (PAT) surged 171% to Rs. 2,220 crores from Rs. 820 crores in the prior year. EPS for the year stood at Rs. 22.32 compared to Rs. 9.66 (restated) in FY2025. The Board recommended a dividend of Rs. 6 per equity share (300% on Rs. 2 face value), payable after shareholder approval at the AGM. Exceptional items included a net gain of Rs. 61 crores driven by reversal of Brazilian VAT provisions, partially offset by restructuring costs including Rs. 98 crores for closure of the Bassen manufacturing facility. The auditors issued an unmodified opinion on the financial results.
The sharp PAT growth of 171% reflects improved operational performance and favorable tax adjustments. The dividend payout signals management confidence. However, the Rs. 2,557 crores net cash outflow at subsidiary level and ongoing restructuring costs warrant monitoring.