| Scrip Code | 512070 |
|---|---|
| NSE Symbol | UPL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE628A01036 |
| Name of company | UPL LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 06-11-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 29-10-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 06-11-2025 11:15:00 |
| End date and time of board meeting | 06-11-2025 13:45:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 12,01,900.00 | 21,23,500.00 | |
| Other income | 25,000.00 | 39,300.00 | |
| Total income | 12,26,900.00 | 21,62,800.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 6,13,600.00 | 11,09,700.00 |
| (b) | Purchases of stock-in-trade | 70,900.00 | 2,12,300.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (1,09,200.00) | (3,29,800.00) |
| (d) | Employee benefit expense | 1,46,600.00 | 2,78,800.00 |
| (e) | Finance costs | 78,400.00 | 1,79,100.00 |
| (f) | Depreciation, depletion and amortisation expense | 77,100.00 | 1,50,200.00 |
| (f) | Other Expenses | ||
| 1 | Impairment loss on trade receivables | 11,400.00 | 30,600.00 |
| 2 | Exchange difference (net) on trade receivables, trade payables, etc. | 20,400.00 | 11,100.00 |
| 3 | Other expenses | 2,48,100.00 | 4,71,100.00 |
| Total other expenses | 2,79,900.00 | 5,12,800.00 | |
| Total expenses | 11,57,300.00 | 21,13,100.00 | |
| 3 | Total profit before exceptional items and tax | 69,600.00 | 49,700.00 |
| 4 | Exceptional items | 14,200.00 | 13,300.00 |
| 5 | Total profit before tax | 83,800.00 | 63,000.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 36,300.00 | 56,800.00 |
| 8 | Deferred tax | (19,100.00) | (41,000.00) |
| 9 | Total tax expenses | 17,200.00 | 15,800.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 66,600.00 | 47,200.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | (5,400.00) | (3,600.00) |
| 16 | Total profit (loss) for period | 61,200.00 | 43,600.00 |
| 17 | Other comprehensive income net of taxes | 1,01,600.00 | 1,45,000.00 |
| 18 | Total Comprehensive Income for the period | 1,62,800.00 | 1,88,600.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 55,300.00 | 46,500.00 | |
| Total profit or loss, attributable to non-controlling interests | 5,900.00 | (2,900.00) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 1,30,600.00 | 1,50,100.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 32,200.00 | 38,500.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 16,900.00 | 16,900.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 6.75 | 4.85 | |
| Diluted earnings (loss) per share from continuing operations | 6.74 | 4.84 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 6.75 | 4.85 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.74 | 4.84 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | For detailed notes refer signed results |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 30-09-2025 | ||
| Whether results are audited or unaudited | Unaudited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 8,35,100.00 | ||
| Capital work-in-progress | 79,400.00 | ||
| Investment property | 0.00 | ||
| Goodwill | 21,49,400.00 | ||
| Other intangible assets | 10,24,800.00 | ||
| Intangible assets under development | 2,15,400.00 | ||
| Biological assets other than bearer plants | 0.00 | ||
| Investments accounted for using equity method | 1,35,400.00 | ||
| Non-current financial assets | |||
| Non-current investments | 64,200.00 | ||
| Trade receivables, non-current | 31,000.00 | ||
| Loans, non-current | 0.00 | ||
| Other non-current financial assets | 22,400.00 | ||
| Total non-current financial assets | 1,17,600.00 | ||
| Deferred tax assets (net) | 3,84,500.00 | ||
| Other non-current assets | 67,700.00 | ||
| Total non-current assets | 50,09,300.00 | ||
| 2 | Current assets | ||
| Inventories | 16,19,300.00 | ||
| Current financial asset | |||
| Current investments | 60,800.00 | ||
| Trade receivables, current | 16,40,900.00 | ||
| Cash and cash equivalents | 4,05,800.00 | ||
| Bank balance other than cash and cash equivalents | 9,400.00 | ||
| Loans, current | 500.00 | ||
| Other current financial assets | 33,700.00 | ||
| Total current financial assets | 21,51,100.00 | ||
| Current tax assets (net) | 38,700.00 | ||
| Other current assets | 3,16,500.00 | ||
| Total current assets | 41,25,600.00 | ||
| 3 | Non-current assets classified as held for sale | 4,200.00 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | ||
| Total assets | 91,39,100.00 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 16,900.00 | ||
| Other equity | 31,72,500.00 | ||
| Total equity attributable to owners of parent | 31,89,400.00 | ||
| Non controlling interest | 5,81,600.00 | ||
| Total equity | 37,71,000.00 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 17,20,900.00 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | |||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | |||
| Total Trade payable | |||
| Other non-current financial liabilities | 1,05,200.00 | ||
| Total non-current financial liabilities | 18,26,100.00 | ||
| Provisions, non-current | 37,300.00 | ||
| Deferred tax liabilities (net) | 1,95,700.00 | ||
| Deferred government grants, Non-current | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 20,59,100.00 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 11,35,300.00 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 4,300.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 12,85,400.00 | ||
| Total Trade payable | 12,89,700.00 | ||
| Other current financial liabilities | 6,89,500.00 | ||
| Total current financial liabilities | 31,14,500.00 | ||
| Other current liabilities | 98,600.00 | ||
| Provisions, current | 30,100.00 | ||
| Current tax liabilities (Net) | 65,800.00 | ||
| Deferred government grants, Current | |||
| Total current liabilities | 33,09,000.00 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | ||
| 4 | Regulatory deferral account credit balances and related deferred tax liability | ||
| Total liabilities | 53,68,100.00 | ||
| Total equity and liabilites | 91,39,100.00 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | For detailed notes refer signed results |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-07-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 30-09-2025 | 30-09-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Crop protection | 9,73,600.00 | 16,98,200.00 | ||||
| 2 | Seeds & Post harvest | 1,67,600.00 | 3,08,100.00 | ||||
| 3 | Non agro | 65,500.00 | 1,29,400.00 | ||||
| Total Segment Revenue | 12,06,700.00 | 21,35,700.00 | |||||
| Less: Inter segment revenue | 4,800.00 | 12,200.00 | |||||
| Revenue from operations | 12,01,900.00 | 21,23,500.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Crop protection | 1,11,300.00 | 1,75,500.00 | ||||
| 2 | Seeds & Post harvest | 34,100.00 | 56,700.00 | ||||
| 3 | Non agro | 11,100.00 | 22,800.00 | ||||
| Total Profit before tax | 1,56,500.00 | 2,55,000.00 | |||||
| i. Finance cost | 78,400.00 | 1,79,100.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (300.00) | 16,500.00 | |||||
| Profit before tax | 78,400.00 | 59,400.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Crop protection | 70,89,400.00 | 70,89,400.00 | ||||
| 2 | Seeds & Post harvest | 6,66,600.00 | 6,66,600.00 | ||||
| 3 | Non agro | 1,94,700.00 | 1,94,700.00 | ||||
| Total Segment Asset | 79,50,700.00 | 79,50,700.00 | |||||
| Un-allocable Assets | 11,88,400.00 | 11,88,400.00 | |||||
| Net Segment Asset | 91,39,100.00 | 91,39,100.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Crop protection | 19,70,800.00 | 19,70,800.00 | ||||
| 2 | Seeds & Post harvest | 2,03,200.00 | 2,03,200.00 | ||||
| 3 | Non agro | 30,300.00 | 30,300.00 | ||||
| Total Segment Liabilities | 22,04,300.00 | 22,04,300.00 | |||||
| Un-allocable Liabilities | 31,63,800.00 | 31,63,800.00 | |||||
| Net Segment Liabilities | 53,68,100.00 | 53,68,100.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | For detailed notes refer signed results |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit or loss | 2,100.00 | 2,800.00 |
| Total Amount of items that will not be reclassified to profit and loss | 2,100.00 | 2,800.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | (200.00) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit or loss | 99,500.00 | 1,42,000.00 |
| Total Amount of items that will be reclassified to profit and loss | 99,500.00 | 1,42,000.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 1,01,600.00 | 1,45,000.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 30-09-2025 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 63,000.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 1,79,100.00 | |||||
| Adjustments for decrease (increase) in inventories | (5,87,700.00) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (1,45,200.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (96,200.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 1,50,200.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 30,600.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 34,000.00 | |||||
| Adjustments for share-based payments | 3,300.00 | |||||
| Adjustments for fair value losses (gains) | 300.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | (47,800.00) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (5,47,400.00) | |||||
| Net cash flows from (used in) operations | (4,84,400.00) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | (3,300.00) | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (4,81,100.00) | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 4,700.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 900.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 600.00 | |||||
| Purchase of property, plant and equipment | 80,000.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 18,900.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 3,900.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 15,100.00 | |||||
| Interest received | 34,500.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (28,900.00) | |||||
| Net cash flows from (used in) investing activities | (79,300.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 1,68,500.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 3,40,900.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 3,90,200.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 29,400.00 | |||||
| Dividends paid | 47,800.00 | |||||
| Interest paid | 1,56,100.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (15,500.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (5,75,900.00) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 33,900.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (5,42,000.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 9,47,800.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 4,05,800.00 | |||||