UPL has announced a robust performance for Q3 and 9M FY26, marked by significant EBITDA growth of 13%. This broad-based growth, coupled with financial discipline, has led to a substantial improvement in PBT by 90% and Operational PATMI by 45%. The company is on track to meet its FY26 guidance, driven by higher volumes, favorable Forex, and margin expansion. Net debt decreased significantly compared to the previous year.
Financial Performance Highlights
UPL delivered a strong quarter, demonstrating sustained momentum through broad-based EBITDA growth and financial prudence.
Q3 FY26:
- Revenue: ₹12,269 cr (up 12% YoY)
- Contribution: ₹5,227 cr (up 17% YoY), with a margin of 42.6%
- EBITDA: ₹2,434 cr (up 13% YoY), with a margin of 19.8%
9M FY26:
- Revenue: ₹33,504 cr (up 8% YoY)
- Contribution: ₹14,268 cr (up 17% YoY), with a margin of 42.6%
- EBITDA: ₹5,941 cr (up 22% YoY), with a margin of 17.7%
The company reported Net Debt at ₹23,317 cr, a reduction of ₹2,553 cr compared to December 2024. Net Working Capital stood at 116 days, improved by 9 days compared to December 2024.
Key Growth Drivers
The positive results were driven by the following factors:
- Higher volumes and favorable foreign exchange rates.
- Strong performance in Advanta (up 22%) and crop protection segment (up 8%).
- Specialty chemicals grew by 42%.
- Growth led by Europe (+21%) and Rest of the World (+32%).
- Profit Before Tax (PBT) increased by 90% to ₹671 cr.
- Operational PATMI increased by ₹140 cr (up 45%).
Segment Performance
UPL Corporation: Revenue for Q3 FY26 was ₹9,163 cr (up 8% YoY) and for 9M FY26 was ₹23,746 cr (up 6% YoY).
UPL SAS: Revenue for Q3 FY26 was ₹558 cr (up 4% YoY) and for 9M FY26 was ₹2,605 cr (up 2% YoY).
Advanta: Revenue for Q3 FY26 was ₹1,574 cr (up 22% YoY) and for 9M FY26 was ₹4,639 cr (up 23% YoY).
SUPERFORM: Revenue for Q3 FY26 was ₹2,668 cr (down 11% YoY) and for 9M FY26 was ₹8,025 cr (down 1% YoY). However super-specialty chemicals were up 42%, led by volume growth.
Management Commentary
UPL remains focused on delivering long-term sustainable growth and creating value for all stakeholders through innovation and sustainability.
Source: BSE
