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 audited consolidated financial results for the year ended March 31, 2026. Revenue from operations grew to Rs. 51,839 crores from Rs. 46,637 crores in the previous year, representing approximately 11% revenue growth. Profit after tax more than doubled to Rs. 2,220 crores from Rs. 820 crores in FY2025, driven by improved operational performance and lower finance costs. The company reported net cash outflows of Rs. 2,557 crores for the year. The Board recommended a dividend of 300% (Rs. 6 per equity share of Rs. 2 face value). Statutory auditors BSR & Co. LLP issued an unmodified (clean) audit report. The Group operates across 169 subsidiaries, 17 associates, and 7 joint ventures globally.
Strong profitability growth with PAT increasing over 170% year-on-year is positive for shareholders. However, significant net cash outflows of Rs. 2,557 crores despite higher profits raises concerns about cash conversion quality. The clean audit opinion and dividend recommendation provide investor confidence.