UPL reported its Q3 FY26 results, with revenue from operations at ₹12,269 crore and a profit of ₹490 crore. The company’s subsidiary, Advanta Enterprises Limited, has filed a Draft Red Herring Prospectus for an IPO. Restructuring and new labor codes have impacted financials, with a restructuring cost of ₹109 crore recorded. Advanta plans to offer up to 36,105,578 equity shares in the IPO.
Financial Performance
UPL’s revenue from operations for Q3 FY26 stood at ₹12,269 crore, compared to ₹10,907 crore in Q3 FY25. The company reported a profit of ₹490 crore for the quarter, influenced by both positive and negative factors.
Segment Highlights
Significant contributors to UPL’s revenue include crop protection, seeds & post-harvest, and non-agro segments. Crop protection led with ₹9,995 crore, while seeds & post-harvest contributed ₹1,562 crore.
Advanta IPO Filing
Advanta Enterprises Limited, a UPL subsidiary, has officially filed its Draft Red Herring Prospectus for an IPO. The IPO will involve an offer-for-sale of up to 36,105,578 equity shares. UPL plans to offer up to 28,107,578 of its shares in the offering. This move is subject to regulatory approvals.
Exceptional Items
The results were affected by restructuring costs, including severance and impairment, totaling ₹109 crore. The implementation of new labor codes also had a notable impact, with an expense of ₹59 crore. There was also a one-time gain related to a VAT disallowance.
Source: BSE
