BSECompany Update3 Aug 2026 · 3 Aug 2026, 03:20 pm

Please find enclosed letter dated August 03, 2026

UPL Ltd · 512070

✦ AI Summary▲ PositiveResults

UPL Ltd has announced its unaudited Q1 FY 2027 financial results, showing a 15% YoY growth in revenue and EBITDA, with a 180 bps expansion in contribution margin. The company has maintained its net debt and improved its gearing ratios despite macro headwinds. UPL has guided for full-year revenue growth of 7-11% and EBITDA growth of 10-14%.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

UPL Ltd - 512070 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

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UPL Limited, Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar (West), Mumbai – 400052, India w: www.upl-ltd.com e: contact@upl-ltd.com t: +91 22 6856 8000 August 3, 2026 BSE Limited National Stock Exchange of India Ltd. Mumbai Mumbai SCRIP CODE – 512070 SYMBOL: UPL Sub.: Press Release - Unaudited Financial Results for Q1 FY 2027 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Press Release dated August 3, 2026, in connection with the unaudited consolidated and standalone financial results of the Company for the quarter ended June 30, 2026. We request you to take the above information on record. Yours faithfully, For UPL Limited Sandeep Deshmukh Company Secretary and Compliance Officer (ACS-10946) Encl.: As above Cc.: 1. London Stock Exchange 2. Singapore Stock Exchange 3. NSE IX Registered Office: 3-11, GIDC, Vapi, Valsad - 396 195, Gujarat, India. P +91 260 2432716 CIN: L24219GJ1985PLC025132 PRESS RELEASE UPL LIMITED Q1FY27 FINANCIAL RESULTS Mumbai, India | August 03, 2026 PRESS RELEASE UPL delivers guidance with further improved gearing; strong performance despite macro headwinds; seventh consecutive quarter of revenue and EBITDA growth; strongest Q1 net income (PATMI) in past three years Exhibit 1: UPL Limited: Financial Highlights Revenue Contribution EBITDA ₹10,181 cr ₹4,607 cr ▲ 15% YoY ₹1,500 cr ▲ 15% YoY ▲ 10% YoY Margin: 45.2% | ▲ 180 bps Margin: 14.7% | ▲ 60 bps F Gross Debt Net Debt/ EBITDA Net Working Capital $3.0 Bn ▼ vs. $3.1 Bn Jun’25 2.4x ▼ vs. 2.6x Jun’25 110 Days Net Debt Net Debt/ Equity ▲ 24 Days vs. Jun’25 $2.5 Bn vs. $2.5 Bn Jun’25 0.6x vs. 0.6x Jun’25 • Broad-based revenue growth across most platforms and regions; overall pricing up 3% vs. LY, supported by favourable FX − Platforms: UPL Corp (+7%), Advanta (+26%), and SUPERFORM (+14%) − Regions: broad-based growth led by India, Americas, and supported by others • Contribution margin expansion of 180 bps led by pricing action, higher capacity utilisation and favourable portfolio mix, driving EBITDA growth of 15% vs. LY • Profit Before Tax (PBT) improved by ₹80 cr vs. LY • Net Debt maintained vs. LY, despite macro headwinds led higher working capital with continued improvement in gearing ratios • Net Working Capital increased due to strategic build-up of inventory and FX translation impact Management Remarks Jai Shroff, Chairman & Group CEO, UPL Limited said, “Rising global food demand continues to keep seeds, crop protection and bio-solutions at the heart of agriculture, a structural need that endures despite the current macro uncertainty. Against this very backdrop, we have begun FY27 with strong momentum and high-quality, profitable growth, backed by the resilience of our integrated platforms. We continue to see significant opportunities to create value for our shareholders, through the proposed single, focused global crop protection platform and the value unlocking of our seeds & post-harvest businesses, while leveraging the synergies of our shared manufacturing, R&D and innovation. At this vantage point, our focus remains absolute, "Accelerating Profitable Growth” as we convert this clarity into long-term value for all our stakeholders.” Bikash Prasad, Group CFO, UPL Limited, added, “This was a quarter of disciplined, high-quality execution, extending our track record of profitable growth into FY27. With broad-based topline growth across platforms, our focus on profitable growth is clear in our expanding margins and improving return ratios, even as we maintained net debt and improved gearing despite the seasonality led increase in working-capital. This financial strength continues to be validated, with CARE Edge upgrading UPL's long-term rating to CARE AA+ (Stable), a strong endorsement of our strengthened credit profile. Backed by this foundation and our confidence in the year ahead, we are guiding for full-year revenue growth of 7–11% and EBITDA growth of 10–14%. With a resilient core, a stronger balance sheet and disciplined execution, we are well positioned to deliver another year of profitable, high-quality growth.” PRESS RELEASE UPL Corporation Ltd. Exhibit 2: Financial Highlights 7 Revenue Contribution EBITDA F ₹6,374 cr ₹2,437 cr ▲18% YoY ₹532 cr ▲38% YoY ▲7% YoY Margin: 38.2% | ▲340 bps Margin: 8.4% |▲190 bps Q1 Key Highlights • Revenue growth broad-based across regions, led by North America and Latin America • Contribution margin expansion driven by Europe and North America, leading to overall EBITDA margin accretion Mike Frank, Chief Executive Officer, UPL Corp commented, "Our international crop protection business delivered a resilient start to FY27, holding firm against a challenging macro backdrop and an uneven demand environment. Strategic pricing actions in key regions have driven strong growth in our margins, even as we navigated through weather-related volume pressure in Europe. Encouragingly, this marks our seventh consecutive quarter of EBITDA growth while navigating through a seasonality- led increase in working capital. As we look ahead, our unwavering commitment to innovation remains central to how we empower growers worldwide and help build a more resilient, sustainable future for global agriculture." UPL SAS Exhibit 3: Financial Highlights 7 Revenue Contribution EBITDA F ₹ 1,140 cr ₹474 cr ▲28% YoY ₹340 cr ▲34% YoY ▲positive Margin: 41.6% | ▲890 bps Margin: 29.8% | ▲750 bps Q1 Key Highlights • Strong positive pricing action offset by delayed weather conditions, leading to flat revenue YoY • Favourable product mix led higher contribution, leading to significant improvement in EBITDA Advanta Exhibit 4: Financial Highlights 7 Revenue Contribution EBITDA F ₹1,754 cr ₹971 cr ▲24% YoY ₹359 cr ▲24% YoY ▲26% YoY Margin: 55.4% | ▼50 bps Margin: 20.4% | ▼20 bps Q1 Key Highlights • Revenue led by field corn and sunflower, through higher volumes and pricing • Growth in EBITDA driven by strong revenue performance PRESS RELEASE SUPERFORM Exhibit 5: Financial Highlights 7 Revenue Contribution EBITDA F ₹2,919 cr ₹727 cr ▲14% YoY ₹358 cr ▲ 7% YoY ▲14% YoY Margin: 24.9% | flat Margin: 12.3% | ▼70 bps Q1 Key Highlights • Strong growth in specialty chemicals (+51% YoY, driven by volume and price); agchem growth led by pricing • Strong contribution growth offset by higher overheads, leading to 7% EBITDA growth YoY Exhibit 6: Revenue Performance by Regions In ₹ Cr Q1FY26 Q1FY27 YoY% Latin America 2,401 2,603 8% North America 1,337 1,582 18% Europe 1,535 1,598 4% India 2,262 2,602 15% Rest of World 1,680 1,797 7% Total 9,216 10,181 10% Exhibit 7: Revenue Performance by Platforms In ₹ Cr Q1FY26 Q1FY27 YoY% UPL Corporation 5,957 6,374 7% UPL SAS 1,136 1,140 positive Advanta 1,396 1,754 26% SUPERFORM 2,558 2,919 14% Elimination/ Others (1,831) (2,006) - Total 9,216 10,181 10% PRESS RELEASE Investor Call Details Q1FY27 Results Conference Call The results will be followed by Earnings Conference call at 16:30 hrs IST on Monday, 03rd August 2026. The dial-in details and registration link are given below: Online Registration link: Click here The presentation will be made available on the company website Conference Call Details Location Dial in number India 1 800 120 1221 (Toll free) Singapore 8001012045 (Toll free) Hong Kong 800964448 (Toll free) USA 18667462133 (Toll free) UK 08081011573 (Toll free) Universal Dial In +91 22 6280 1518 +91 22 7115 8879 Replay Numbers Dial In Number: (03-08-26 to 10-08-26) India: +91 22 71945757 Replay Code: 75935# PRESS RELEASE About UPL Limited UPL Limited (NSE: UPL, BSE: 512070, LSE GDR: UPLL) is a global provider of sustainable agricultural products and solutions that cover the entire agrifood value chain. With annual revenue approximately $6 bn, UPL is one of the largest agriculture companies worldwide, serving growers in more than 140 countries. UPL comprises of four pure-play platforms that include UPL Corporation Ltd (UPL Corp); UPL S [Showing first 8,000 characters — download PDF for full document]