UPL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
UPL Ltd reported sales of ₹11,860 Cr, operating profit of ₹2,068 Cr (OPM 17%) and net profit of ₹452 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
UPL quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
10,907
15,573
9,216
12,019
12,269
18,335
10,181
11,860
Expenses
9,229
12,409
7,820
10,072
10,033
14,854
8,814
9,792
Operating Profit
1,678
3,164
1,396
1,947
2,236
3,481
1,367
2,068
OPM
15%
20%
15%
16%
18%
19%
13%
17%
Other Income
94
-168
152
392
36
162
208
185
Interest
730
914
1,007
784
774
836
852
819
Depreciation
688
705
731
771
827
915
832
819
Profit before tax
354
1,377
-190
784
671
1,892
-109
615
Tax
-141%
22%
-7%
22%
27%
32%
-33%
26%
Net Profit
853
1,079
-176
612
490
1,294
-73
452
EPS in Rs
10.58
11.45
-1.12
6.56
4.7
12.57
0.12
4.99
UPL profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
46,240
53,576
43,098
46,637
51,839
52,645
Expenses
36,711
43,380
38,801
39,509
42,761
43,493
Operating Profit
9,529
10,196
4,297
7,128
9,078
9,152
OPM
21%
19%
10%
15%
18%
17%
Other Income
91
464
231
78
724
591
Interest
2,295
2,963
3,852
3,627
3,401
3,281
Depreciation
2,359
2,547
2,763
2,750
3,244
3,393
Profit before tax
4,966
5,150
-2,087
829
3,157
3,069
Tax
11%
14%
-10%
1%
30%
-
Net Profit
4,437
4,414
-1,878
820
2,220
2,163
EPS in Rs
45.52
45.62
-15.34
11.46
22.78
22.38
Dividend Payout
21%
21%
-6%
53%
26%
-
UPL balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
150
159
169
169
169
Reserves
24,657
29,054
31,725
34,527
34,655
Borrowings
29,754
25,099
30,022
23,576
34,240
Other Liabilities
30,579
31,700
29,475
34,847
31,958
Total Liabilities
85,140
86,012
91,391
93,119
1,01,022
Fixed Assets
39,056
39,084
42,247
42,153
43,949
CWIP
2,965
2,546
794
3,147
1,308
Investments
2,154
2,328
2,604
2,666
3,356
Other Assets
40,965
42,054
45,746
45,153
52,409
Total Assets
85,140
86,012
91,391
93,119
1,01,022
UPL cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
6,496
7,751
2,321
10,151
7,855
Cash from Investing Activity
-3,575
-1,354
-2,509
-1,823
-1,475
Cash from Financing Activity
-1,921
-6,227
164
-4,793
-9,883
Net Cash Flow
1,000
170
-24
3,535
-3,503
Free Cash Flow
3,931
5,462
367
8,896
5,502
CFO/OP
79%
88%
81%
156%
93%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit