By: ICN Bureau
Last updated : November 09, 2025 2:54 pm
UPL's Q2 FY26 EBITDA EBITDA grew by 40 per cent to Rs. 2,205 crore
UPL Limited, a global provider of sustainable agricultural products and solutions, has reported Q2 FY26 revenue 8 per cent higher at Rs. 12,019 crore as compared to Rs. 11,090 crore in the year-ago period. EBITDA grew by 40 per cent to Rs. 2,205 crore, with margin expanding by 410 basis points to 18.3 per cent. Profit After Tax and Minority Interest (PATMI) turned positive at Rs. 553 crore, up from a loss of Rs. 443 crore in Q2 FY25.
For Half Year ended September 30, 2025, UPL's revenue grew by 5 per cent to Rs. 21,235 crore. EBITDA increased by 29 per cent to Rs. 3,508.00 crore, with margin improving by 300 basis points to 16.5 per cent. PATMI for H1 FY26 stood at Rs. 465 crore, compared to a loss of Rs. 827 crore in H1 FY25.
Jai Shroff, Chairman & Group CEO, UPL Limited said, "We are pleased to report a strong first half, with a superior Q2 building on the momentum from previous quarter. Our deep relationships in key markets and diversified customer base continue to drive sustainable growth.
UPL’s backward-integrated manufacturing and innovation-led R&D pipeline are strengthening quality and resilience across the business. We remain focused on unlocking value through our strategically built platforms and are actively evaluating opportunities, including restructuring, strategic fund-raising, and potential liquidity events.
With disciplined execution and robust new product pipeline, we are optimistic for FY26 and confident in our outlook.”
Bikash Prasad, Group CFO, UPL Limited, added, "Q2 has been a standout quarter, underscoring our operational excellence and financial discipline across platforms. We delivered broad-based EBITDA growth, reduced net debt, lowered finance costs through effective capital management, and improved our gearing, resulting in a strong PATMI, positively reflecting on our commitment to long-term value creation. Our Q2 results are a testimony to our relentless efforts on improving the quality of earnings, and efficient risk management.
With a strong H1 behind us and a favourable outlook for H2, we are pleased to upgrade our FY26 EBITDA guidance to 12–16% growth over last year, reaffirming our focus on sustained growth for our shareholders.”