UPL Limited has informed the Exchange regarding a press release dated August 1, 2025, titled Q1 FY26 Financial Results.
UPL · price
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Awaiting price reaction for this filing.
UPL Limited reported its Q1 FY26 results with consolidated revenue of ₹9,216 crore, up 2% YoY, driven by strong growth in India (+21%), North America (+8%) and Europe (+8%), offsetting declines in Latin America (-10%) and Rest of World (-10%). EBITDA grew 14% YoY to ₹1,303 crore with margin expansion of 150 bps to 14.1%, supported by contribution margin accretion of 390 bps. Loss after tax narrowed sharply to ₹(88) crore from ₹(384) crore last year, an improvement of ~₹300 crore. The company significantly deleveraged, with net debt down ₹6,129 crore to ₹21,371 crore, improving Net Debt/EBITDA to 2.6x from 5.4x, and reduced net working capital to 86 days from 121 days. Notable actions include redemption of $400Mn perpetual bonds and pending $200Mn rights issue call expected by September.
Positive for shareholders — strong margin expansion, sharp debt reduction, improved leverage ratios, and ratings outlook upgrades signal financial discipline. The company's stated intent to unlock value through platform restructuring and potential liquidity events could be a near-term catalyst for the stock, though net loss persists and weak Latin America volumes remain a watchpoint.