UPL posts Q3 FY25 PAT at Rs. 828 Cr, Revenue at Rs. 10,907 Cr
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UPL posts Q3 FY25 PAT at Rs. 828 Cr, Revenue at Rs. 10,907 Cr

The company is confident of delivering EBITDA and free cash flow guidance for the full year

  • By ICN Bureau | January 31, 2025

Global agrochemical major UPL Ltd. reported a net profit of Rs. 828 crore in Q3 FY25 as compared to a net loss of Rs. 1,217 crore in Q3 FY24. Revenue for the third quarter was up by 10%, driven by 9% increase in volumes, 5% increase in price and 4% decline due to forex, mainly in Brazil.

The company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs. 2,162 crore from Rs. 416 crore last year, while margin expanded to 19.8% from 4.2% last year.

The company also managed to reduce its net debt during the quarter by $745 million compared to last year. In comparison to March 2024, the company's net debt is higher by $363 million.

Commenting on the Q3FY25 performance, Jai Shroff, Chairman and Group CEO, said “We are seeing strong bounce back versus last year, with normalization of business, and recovery of volumes and prices. This has helped in regaining our contribution margins back to our previous higher levels. Through strong focus, the team has done a commendable job in bringing down the working capital, resulting in a significant reduction of our net debt versus September, 2024. With this strong performance, we are confident of delivering our EBITDA and free cash flow guidance for the full year.”

Mike Frank, CEO, UPL Corporation Ltd., said: “The global crop protection market continues to rebound as farmers and dealer buying patterns are now reset. Our volume growth of 14% in this past quarter demonstrates continued strong demand across regions, and our ability to increase market share.

“Through our focus on customers, driven by investments in marketing excellence, new launches and differentiated solutions, we have improved our margins, as compared to the last few quarters. We expect benefits from this to continue in Q4 as well as in the next financial year.”

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