Integrated Filing — IndAS

General information about company
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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	12-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	05-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth 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	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	12-May-2025   10:45:00
End date and time of board meeting	12-May-2025   13:15:00
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	Declaration of unmodified opinion

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	155730000000	466370000000
	Other income	1070000000	4860000000
	Total income	156800000000	471230000000
2	Expenses
(a)	Cost of materials consumed	85510000000	242230000000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	14510000000	53090000000
(e)	Finance costs	9140000000	36270000000
(f)	Depreciation, depletion and amortisation expense	7050000000	27500000000
(f)	Other Expenses
1	Impairment loss on financial asset	200000000	2400000000
2	Exchange Difference (net) on trade receivables, trade payables, etc.	460000000	5200000000
3	Other Expenses	23140000000	87450000000
	Total other expenses	23800000000	95050000000
	Total expenses	140010000000	454140000000
3	Total profit before exceptional items and tax	16790000000	17090000000
4	Exceptional items	-2750000000	-4080000000
5	Total profit before tax	14040000000	13010000000
6	Tax expense
7	Current tax	2720000000	2950000000
8	Deferred tax	260000000	-2860000000
9	Total tax expenses	2980000000	90000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	11060000000	12920000000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	-270000000	-4720000000
16	Total profit (loss) for period	10790000000	8200000000
17	Other comprehensive income net of taxes	4470000000	420000000
18	Total Comprehensive Income for the period	15260000000	8620000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	8960000000	8970000000
	Total profit or loss, attributable to non-controlling interests	1830000000	1830000000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	13290000000	9600000000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	1970000000	-980000000
21	Details of equity share capital
	Paid-up equity share capital	1590000000	1590000000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		290540000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	11.42	9.85
	Diluted earnings (loss) per share from continuing operations	11.15	9.62
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	11.42	9.85
	Diluted earnings (loss) per share from continuing and discontinued operations	11.15	9.62
24	Debt equity ratio	0.0063	0.0063
25	Debt service coverage ratio	0.0084	0.0092
26	Interest service coverage ratio	0.0324	0.0156
27	Disclosure of notes on financial results		For detailed notes refer signed consolidated financial results.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	81070000000
	Capital work-in-progress	6150000000
	Investment property
	Goodwill	206750000000
	Other intangible assets	103020000000
	Intangible assets under development	19310000000
	Biological assets other than bearer plants
	Investments accounted for using equity method	13940000000
	Non-current financial assets
	Non-current investments	6140000000
	Trade receivables, non-current	70000000
	Loans, non-current	210000000
	Other non-current financial assets	2160000000
	Total non-current financial assets	8580000000
	Deferred tax assets (net)	33220000000
	Other non-current assets	11370000000
	Total non-current assets	483410000000
2	Current assets
	Inventories	103160000000
	Current financial asset
	Current investments	3200000000
	Trade receivables, current	155050000000
	Cash and cash equivalents	94780000000
	Bank balance other than cash and cash equivalents	590000000
	Loans, current	250000000
	Other current financial assets	7460000000
	Total current financial assets	261330000000
	Current tax assets (net)	3410000000
	Other current assets	28270000000
	Total current assets	396170000000
3	Non-current assets classified as held for sale	440000000
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	880020000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1590000000
	Other equity	290540000000
	Total equity attributable to owners of parent	292130000000
	Non controlling interest	86130000000
	Total equity	378260000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	182630000000
	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	10190000000
	Total non-current financial liabilities	192820000000
	Provisions, non-current	3350000000
	Deferred tax liabilities (net)	19900000000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	216070000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	54510000000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	380000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	108290000000
	Total Trade payable	108670000000
	Other current financial liabilities	70920000000
	Total current financial liabilities	234100000000
	Other current liabilities	43900000000
	Provisions, current	2690000000
	Current tax liabilities (Net)	5000000000
	Deferred government grants, Current
	Total current liabilities	285690000000
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	501760000000
	Total equity and liabilites	880020000000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company 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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Crop Protection	133740000000	397960000000
2	Seeds	15450000000	46780000000
3	Non Agro	6820000000	23830000000
	Total Segment Revenue	156010000000	468570000000
	Less: Inter segment revenue	280000000	280000000
	Revenue from operations	155730000000	466370000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Crop Protection	24230000000	49920000000
2	Seeds	4120000000	9780000000
3	Non Agro	630000000	2360000000
	Total Profit before tax	28980000000	62060000000
	i. Finance cost	9140000000	9140000000
	ii. Other Unallocable Expenditure net off Unallocable income	6070000000	6070000000
	Profit before tax	13770000000	8290000000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Crop Protection	642650000000	642650000000
2	Seeds	50390000000	50390000000
3	Non Agro	13270000000	13270000000
	Total Segment Asset	706310000000	706310000000
	Un-allocable Assets	173710000000	173710000000
	Net Segment Asset	880020000000	880020000000
4	Segment Liabilities
	Segment Liabilities
1	Crop Protection	210090000000	210090000000
2	Seeds	24260000000	24260000000
3	Non Agro	1060000000	1060000000
	Total Segment Liabilities	235410000000	235410000000
	Un-allocable Liabilities	266350000000	266350000000
	Net Segment Liabilities	501760000000	501760000000
	Disclosure of notes on segments	Textual Information(2)

Text Block
Textual Information(2)	For notes to segment refer signed consolidated financial results

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
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	300000000	190000000
	Total Amount of items that will not be reclassified to profit and loss	300000000	190000000
2	Income tax relating to items that will not be reclassified to profit or loss	-10000000	-20000000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified to profit or loss	4160000000	210000000
	Total Amount of items that will be reclassified to profit and loss	4160000000	210000000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	4470000000	420000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			13010000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			36270000000
	Adjustments for decrease (increase) in inventories			24600000000
	Adjustments for decrease (increase) in trade receivables, current			5600000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			6000000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			27500000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			2400000000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			3460000000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-580000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			98330000000
	Net cash flows from (used in) operations			111340000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			9830000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			101510000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			6800000000
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			4400000000
	Purchase of property, plant and equipment			8130000000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			8820000000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			90000000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			210000000
	Interest received			2990000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-2160000000
	Net cash flows from (used in) investing activities	-18400000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			28630000000
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			16330000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			53540000000
	Payments of lease liabilities			5300000000
	Dividends paid			770000000
	Interest paid			33280000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-47930000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			35180000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			170000000
	Net increase (decrease) in cash and cash equivalents			35350000000
	Cash and cash equivalents cash flow statement at beginning of period			59430000000
	Cash and cash equivalents cash flow statement at end of period			94780000000