UPL Limited (UPL) — Financial Results

Investor Takeaways

Reported consolidated revenue of ₹10,907 Crore in Q3FY25 with net profit of ₹853 Crore and OPM of 17.93%.

Q2FY25 and Q1FY25 showed consolidated net losses of ₹585 Crore and ₹527 Crore respectively, with negative EPS of ₹-5.90 and ₹-6.02.

⚠️ No specific risks identified in this filing.

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹10,907 Cr	N/A
Net Profit	₹853 Cr	N/A
EBITDA	N/A	N/A
EPS	₹9.98	N/A
OPM	17.93%	N/A

What Changed

The filing confirms the availability of the UPL Capital Markets Day 2026 transcript, which details audited consolidated and standalone financial results for FY26. The transcript includes quarterly performance data showing sequential improvement in revenue and profitability. Q3FY25 demonstrated a return to profitability with ₹853 Crore net profit and 17.93% OPM, contrasting with consecutive losses in Q1FY25 and Q2FY25. The company presented strategic updates during the event, though no forward-looking guidance was disclosed in the provided context. All figures are drawn strictly from the reported quarterly trend data.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
UPL Limited	-160.7	N/A	N/A	54,533.33
Pidilite Industries Limited	76.16	N/A	N/A	1,50,223.64
Solar Industries India Limited	123.03	N/A	N/A	1,45,734.23
SRF Limited	71.87	N/A	N/A	82,429.82

UPL's negative P/E ratio contrasts with peers' positive P/E ratios, indicating market expectations of future losses or earnings volatility. Market capitalization is significantly lower than the compared peers, though direct comparative analysis is limited by N/A values for key metrics.