UPL Ltd

The company announced restructuring plan to consolidate its India and international crop protection biz into new listed entity, UPL Global Sustainable Agri Solutions (UPL Global), Under the scheme, UPL will first amalgamate UPL Sustainable Agri Solutions (SAS) with itself. This will be followed by a vertical demerger of its India crop protection business into UPL Global, along with the amalgamation of UPL Corp, which houses the international crop protection business, into UPL Global. UPL Global Sustainable Agri Solutions will be listed on stock exchanges and will house both the India and international crop protection platforms upon completion of the proposed steps. Meanwhile, the domestic brokerage has downgraded the stock to 'hold' from 'buy', citing unresolved concerns around leverage and dilution following the restructuring. Although it marginally raised its target price to Rs 816 per share from Rs 806 earlier implying an upside of around 28% from current levels. The brokerage cautioned near-term risks continue to cap investor confidence. The brokerage flagged that the exercise does not materially reduce net debt at the group level, with leverage being redistributed between the two resulting listed entities. Mike Frank, CEO of UPL Global, added, 'Bringing our crop protection businesses under one platform creates the world's second largest listed pure-play crop protection platform. With a presence in more than 140 countries, this unified platform will enable us to deliver innovations to farmers faster, more efficiently to gain greater market share. This will position us to strengthen operational synergies and drive long-term value for our stakeholders. Bikash Prasad, Group CFO of UPL, said, 'This structural simplification strengthens our financial foundation and accelerates our journey towards a more efficient and resilient UPL. By driving deleveraging, reinforcing balance sheet strength, and improving return metrics, we are creating a sharper, more focused organization designed to deliver sustainable long-term value for all shareholders.' UPL is a global provider of sustainable agricultural products and solutions that cover the entire agrifood value chain. It is one of the largest agriculture companies worldwide, serving growers in more than 140 countries. UPL comprises of four pure-play platforms that include UPL Corporation (UPL Corp); UPL Sustainable Agri Solutions (UPL SAS); Advanta Enterprises; and Superform Chemistries (formerly known as UPL Speciality Chemicals). The company's consolidated net profit declined 52.2% to Rs 396 crore despite 12.5% increase in net sales jumped 12.5% YoY to Rs 12,269 crore in Q3 FY26 over Q3 FY25.Powered by Capital Market - Live

Net profit of UPL declined 52.17% to Rs 396.00 crore in the quarter ended December 2025 as against Rs 828.00 crore during the previous quarter ended December 2024. Sales rose 12.49% to Rs 12269.00 crore in the quarter ended December 2025 as against Rs 10907.00 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales12269.0010907.00 12 OPM %18.2215.38 - PBDT1554.001118.00 39 PBT727.00430.00 69 NP396.00828.00 -52 Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 2 February 2026.Powered by Capital Market - Live

Net profit of UPL reported to Rs 553.00 crore in the quarter ended September 2025 as against net loss of Rs 443.00 crore during the previous quarter ended September 2024. Sales rose 8.38% to Rs 12019.00 crore in the quarter ended September 2025 as against Rs 11090.00 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales12019.0011090.00 8 OPM %36.8430.84 - PBDT3894.002461.00 58 PBT3123.001764.00 77 NP553.00-443.00 LP Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 6 November 2025.Powered by Capital Market - Live

UPL announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 September 2025.Powered by Capital Market - Live

Consolidated revenue for the quarter stood at Rs 9,216 crore, up 2% from Rs 9,067 crore a year ago. The topline was supported by improved pricing and favourable forex. The company saw robust growth in India (+21%) supported by North America and Europe (+8% each), offset by Latin America and Rest of World (-10% each). Contribution margin jumped by 390 basis points to 43.4%, while EBITDA grew 14% to Rs 1,303 crore. This pushed the EBITDA margin up by 150 basis points to 14.1%, buoyed by a better product mix, higher capacity utilisation, and lower input costs. Despite continued losses, profitability showed strong signs of recovery. Reported PATMI (Profit After Tax and Minority Interest) narrowed to Rs 88 crore in Q1FY26, from a loss of Rs 384 crore in the same quarter last year, an improvement of nearly Rs 300 crore. The company reaffirmed its full-year guidance, projecting revenue growth between 4% and 8%, and EBITDA growth in the range of 10% to 14% for FY26. On the balance sheet front, UPL continued its deleveraging drive. Net working capital days reduced to 86 (from 121 days last year), and net debt was trimmed by Rs 6,129 crore to Rs 21,371 crore. The company also redeemed $400 million (Rs 3,409 crore) worth of perpetual bonds in May 2025. Strong double-digit volume and pricing growth in subsidiaries UPL SAS (+13%) and Advanta (+20%) added to the platform strength. SUPERFORM registered a 9% growth, while UPL Corp saw a 3% decline, mainly due to softer volumes in Brazil. Jai Shroff, chairman & group CEO, UPL said, We are pleased to report a strong start to FY26, reflecting the strength of our portfolio. All the platforms have been able to improve margins and cash generation. The remarkable resilience demonstrated by all our platforms, reaffirms that UPL is on the path of sustainable value creation. In view of this, we continue to see the opportunities of creating value for our shareholders. While the business platforms continue to attract investments from leading global investors, we remain committed to unlocking value across all the platforms through restructuring, receiving strategic investments, potential liquidity events which also helps to accomplish deleveraging, and we will soon engage advisors to achieve the same. Bikash Prasad, Group CFO, UPL, added, We are pleased to report a robust financial performance in Q1FY26, underpinned by improved operational efficiency, focus on bottom line and prudent financial management. Effective capital management, reduction in net debt and improved gearing ratios reflect our continued focus on balance sheet strength and long-term sustainable value creation. Our recent outlook upgrade by two global ratings agencies is an endorsement of our financial resilience, strategic clarity, and commitment to sustainable growth, reflecting our endeavour in enhancing long-term stakeholder confidence. UPL is a global provider of sustainable agricultural products and solutions that cover the entire agrifood value chain. It is one of the largest agriculture companies worldwide, serving growers in more than 140 countries. UPL comprises of four pure-play platforms that include UPL Corporation (UPL Corp); UPL Sustainable Agri Solutions (UPL SAS); Advanta Enterprises; and Superform Chemistries (formerly known as UPL Speciality Chemicals). Powered by Capital Market - Live

Net Loss of UPL reported to Rs 88.00 crore in the quarter ended June 2025 as against net loss of Rs 384.00 crore during the previous quarter ended June 2024. Sales rose 1.64% to Rs 9216.00 crore in the quarter ended June 2025 as against Rs 9067.00 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales9216.009067.00 2 OPM %15.1511.79 - PBDT550.00254.00 117 PBT-181.00-406.00 55 NP-88.00-384.00 77 Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 1 August 2025.Powered by Capital Market - Live

UPL will hold a meeting of the Board of Directors of the Company on 28 July 2025.Powered by Capital Market - Live