| Revenue growth | Revenue down 1% YoY to ₹11,860 Cr; H1 up 4%. |
|---|---|
| Margins | EBITDA margin 19.5% in Q2, up 120bps; eighth straight quarter. |
| Demand visibility | Weak H1 demand; Brazil credit tight; H2 seasonally larger, recovery expected. |
| Management confidence | Optimistic, defensive on reorganisation and net-debt questions. |
Growth
Revenue -1% YoY (volume -10%, FX +9%, price flat); EBITDA +5%, margin +120bps. Superform +28%, the main growth driver.
Outlook
Reaffirms FY27 revenue growth 7–11% and EBITDA growth 10–14%. Medium-term net debt/EBITDA target 1.5x, but no near-term gearing guidance given.
Risks
Net debt up $312M; ~₹130 Cr of one-offs treated as operating; El Niño and West Asia escalation could break FY27 guidance.
Earnings Call Transcript filed with NSE, NSE: UPL. Summary written with AI assistance from the document.
UPL Ltd: key numbers
- Share price
- ₹517.85
- Market cap
- ₹43,715 Cr
- Revenue (annual)
- ₹51,839 Cr
- Net profit (annual)
- ₹1,922 Cr
- P/E (TTM)
- 24.4×Sector 33.9×
- Promoter holding
- 33.51%+0.00% QoQ
- FII holding
- 42.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from UPL Ltd
All →UPL Management Change
UPL's board appointed S R B C & CO LLP as auditors, LIC-nominated Director Shrivastava, and President Tandon to senior management. All effective November 2, 2026.
UPL Investor Presentation: Key Takeaways
Q2FY27 revenue ₹11,860 cr (-1%), EBITDA ₹2,312 cr (+5%, 19.5% margin); H1 Operational PATMI ₹441 cr (+33%). Eight quarters of margin expansion; Advanta acquiring Misr Hytech.
UPL Results Update
UPL's Q2 FY27 revenue was ₹11,860 Cr with EBITDA of ₹2,312 Cr. H1 operational PATMI rose 33% YoY on sustained margin expansion.
UPL Q2 FY27 Results: Net Profit ₹452 Cr, Down 26.1% YoY
UPL Ltd reported revenue from operations of ₹11,860 Cr (-1.3% YoY) and net profit of ₹452 Cr (-26.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹452 Cr · -26.1% YoY
UPL Board Meeting Date
UPL schedules a 2 November 2026 board meeting to approve unaudited quarterly and half-year results, followed by an earnings call. The trading window stays closed until 48 hours after results are disseminated.
UPL Other Announcement
UPL Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI regulatory requirements.