Agri-input major UPL has reported a profit of ₹896 crore for the quarter ended March 2025, as against ₹40 crore in the same period last year, on higher revenues.
Revenues from operations were up 11 per cent at ₹15,573 crore during the quarter, against the corresponding last quarter’s ₹14,078 crore. Revenue growth was led by volume growth of 11 per cent across regions, primarily North America and Europe, and a robust performance across all businesses.
For the year ended March 2025, the company reported a net profit of ₹897 crore, against a loss of ₹1,200 crore in the same period last year. Revenues were up 8.2 per cent at ₹46,637 crore for FY24-25, over the previous year’s ₹43,098 crore, led by volume growth in crop protection, seeds and the speciality chemicals market. New product launches of around $100 million led to an improved product mix across platforms. EBITDA margins improved 460 basis points to 17.4 per cent during the year.
Revenues from the crop protection business were up at ₹39,796 crore during the year (₹36,898 crore in the previous year. The seeds business revenues increased to ₹4,678 crore (₹4,224 crore), while revenue from non-agri business, which includes manufacturing and marketing of industrial chemicals and other non-agri related products, stood at ₹2,383 crore (₹2,305 crore). The UPL board has announced a 300 per cent dividend (₹6 per equity share of face value of ₹2 each).
“Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. The significant improvement in profitability and operational efficiency, alongside consistent revenue growth, strong operating free cash flows and certain strategic fund-raising initiatives, resulting in net debt reduction by around $1 billion, validates our commitment to sustainable value creation. We enter FY26 with a sharper business model, stronger margins, and renewed momentum to capture emerging opportunities in our markets,” said Jai Shroff, Chairman and Group CEO, UPL said.
As on March 31, 2025, net debt stood at ₹13,860 crore ($1.62 billion), a reduction of ₹8,320 crore ($1.04 billion) versus ₹22,170 crore ($2.66 billion) at the end of FY24. This reduction is attributed to higher operating free cash flows and ₹4,700 crore ($550 million) gross proceeds from a rights issue and Advanta stake sale.
Mike Frank, CEO, UPL Corporation, said: “We are proud to deliver a strong finish to the year, marked by industry-leading volume growth and increased market penetration in key geographies. Our disciplined focus on SGCA control has driven meaningful savings versus last year, while operational excellence led to a significant improvement of nearly 800 basis points in EBITDA margins. Strong free cash generation and tighter working capital management have further strengthened our balance sheet. These results reflect the relentless execution of our teams and the solid momentum we have built, positioning us for sustained growth and value creation in the coming year.”
UPL SAS, the India business of the company, saw 13 per cent revenue growth during the year at ₹3,230 crore, up from ₹2,850 crore in the last year, led by strong volume growth of 13 per cent, driven by herbicides and the NPP portfolio. EBITDA margins improved by 900 bps during the year to 13.7 per cent over the previous year’s 4.7 per cent. UPL SAS improved its share in strategic crops such as corn, rice and sugarcane to offset the decline in the cotton business.
Published on May 12, 2025
Agri-input major UPL has reported a profit of ₹896 crore for the quarter ended March 2025, as against ₹40 crore in the same period last year, on higher revenues.
Revenues from operations were up 11 per cent at ₹15,573 crore during the quarter, against the corresponding last quarter’s ₹14,078 crore. Revenue growth was led by volume growth of 11 per cent across regions, primarily North America and Europe, and a robust performance across all businesses.
For the year ended March 2025, the company reported a net profit of ₹897 crore, against a loss of ₹1,200 crore in the same period last year. Revenues were up 8.2 per cent at ₹46,637 crore for FY24-25, over the previous year’s ₹43,098 crore, led by volume growth in crop protection, seeds and the speciality chemicals market. New product launches of around $100 million led to an improved product mix across platforms. EBITDA margins improved 460 basis points to 17.4 per cent during the year.
Revenues from the crop protection business were up at ₹39,796 crore during the year (₹36,898 crore in the previous year. The seeds business revenues increased to ₹4,678 crore (₹4,224 crore), while revenue from non-agri business, which includes manufacturing and marketing of industrial chemicals and other non-agri related products, stood at ₹2,383 crore (₹2,305 crore). The UPL board has announced a 300 per cent dividend (₹6 per equity share of face value of ₹2 each).
“Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. The significant improvement in profitability and operational efficiency, alongside consistent revenue growth, strong operating free cash flows and certain strategic fund-raising initiatives, resulting in net debt reduction by around $1 billion, validates our commitment to sustainable value creation. We enter FY26 with a sharper business model, stronger margins, and renewed momentum to capture emerging opportunities in our markets,” said Jai Shroff, Chairman and Group CEO, UPL said.
As on March 31, 2025, net debt stood at ₹13,860 crore ($1.62 billion), a reduction of ₹8,320 crore ($1.04 billion) versus ₹22,170 crore ($2.66 billion) at the end of FY24. This reduction is attributed to higher operating free cash flows and ₹4,700 crore ($550 million) gross proceeds from a rights issue and Advanta stake sale.
Mike Frank, CEO, UPL Corporation, said: “We are proud to deliver a strong finish to the year, marked by industry-leading volume growth and increased market penetration in key geographies. Our disciplined focus on SGCA control has driven meaningful savings versus last year, while operational excellence led to a significant improvement of nearly 800 basis points in EBITDA margins. Strong free cash generation and tighter working capital management have further strengthened our balance sheet. These results reflect the relentless execution of our teams and the solid momentum we have built, positioning us for sustained growth and value creation in the coming year.”
UPL SAS, the India business of the company, saw 13 per cent revenue growth during the year at ₹3,230 crore, up from ₹2,850 crore in the last year, led by strong volume growth of 13 per cent, driven by herbicides and the NPP portfolio. EBITDA margins improved by 900 bps during the year to 13.7 per cent over the previous year’s 4.7 per cent. UPL SAS improved its share in strategic crops such as corn, rice and sugarcane to offset the decline in the cotton business.
Published on May 12, 2025
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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