UPL's Q3 FY 2025-26 Quarterly Results
- 03 Feb 2026
Result Summary
- UPL Ltd reported a 0.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 11.6%.
- Its expenses for the quarter were up by 0.3% QoQ and 10.6% YoY.
- The net profit decreased 19.9% QoQ and decreased 42.6% YoY.
- The earnings per share (EPS) of UPL Ltd stood at 4.69 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 12361.00 | 12269.00 | 11077.00 | 0.7% | 11.6% |
Total Expenses | 11488.00 | 11459.00 | 10388.00 | 0.3% | 10.6% |
Profit Before Tax | 752.00 | 838.00 | 632.00 | -10.3% | 19.0% |
Tax | 181.00 | 172.00 | -499.00 | 5.2% | -136.3% |
Profit After Tax | 490.00 | 612.00 | 853.00 | -19.9% | -42.6% |
Earnings Per Share | 4.69 | 6.74 | 9.70 | -30.4% | -51.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
UPL Ltd is a global provider in the agrochemical industry, primarily involved in the production and distribution of agricultural inputs such as crop protection products, seeds, and post-harvest solutions. The company operates across multiple countries, serving a diverse customer base, including farmers and agricultural businesses. UPL Ltd has been recognized for its innovation in sustainable agriculture, contributing to the development of integrated agricultural solutions. As of the data cutoff in October 2023, no specific recent major developments have been noted for UPL Ltd, but the company continues to be an influential player in the agrochemical sector, leveraging its extensive portfolio to meet the evolving needs of the agricultural community.
Revenue
In the third quarter of the fiscal year 2026 (Q3FY26), UPL Ltd reported a total income of ₹12,361 crores. This represents a 0.7% increase from the previous quarter (Q2FY26), where total income was ₹12,269 crores. On a year-over-year basis, the company experienced an 11.6% increase in total income compared to the third quarter of the previous fiscal year (Q3FY25), when total income stood at ₹11,077 crores. This upward trajectory in revenue reflects the company's ability to maintain growth amid market dynamics. The consistent rise in revenue indicates the potential effectiveness of UPL's strategies in expanding their market reach and enhancing their product offerings.
Profitability
For Q3FY26, UPL Ltd reported a profit before tax (PBT) of ₹752 crores, which marks a decrease of 10.3% compared to the previous quarter's PBT of ₹838 crores. However, on a year-over-year basis, there was a notable increase of 19.0% from the PBT of ₹632 crores in Q3FY25. The tax expense for Q3FY26 was ₹181 crores, reflecting a 5.2% increase from Q2FY26, where the tax was ₹172 crores. Notably, there was a significant adjustment in tax from Q3FY25, where a tax credit of ₹499 crores was recorded, resulting in a negative tax value. Consequently, the profit after tax (PAT) for Q3FY26 was ₹490 crores, showing a decline of 19.9% quarter-over-quarter from ₹612 crores in Q2FY26, and a 42.6% decrease year-over-year from ₹853 crores in Q3FY25. Earnings per share (EPS) for Q3FY26 was ₹4.69, which decreased by 30.4% from the previous quarter's EPS of ₹6.74 and by 51.6% from Q3FY25's EPS of ₹9.70.
Operating Metrics
The operating expenses of UPL Ltd for Q3FY26 amounted to ₹11,488 crores, showing a slight increase of 0.3% from the previous quarter's expenses of ₹11,459 crores. Compared to the same quarter of the previous year (Q3FY25), where the expenses were ₹10,388 crores, there is an increase of 10.6%. This change in expenses reflects the company's operational scale and cost management practices over the periods. The slight quarter-over-quarter increase in expenses, combined with the revenue growth, provides insights into the company's operational efficiency and cost structure. However, the year-over-year comparison indicates a substantial rise in operational costs, which aligns with the overall growth in revenue during the same period.