UPL Ltd. has reported its financial results for the fourth quarter and fiscal year ended March 2025. The Indian multinational reported 8% growth in annual revenue to INR 466,4 billion, driven by higher sales volumes in its crop protection, seeds and specialty chemicals segments.
The company's net profit reached INR 9 billion, reversing a loss of INR 12 billion recorded in the previous fiscal year. In the final quarter, profit grew significantly: INR 9 billion compared to INR 400 million in the same period of 2024. The annual EBITDA margin increased by 460 basis points to 17,4%.
North America led the expansion, with annual revenue up 56% to Rs. 60,7 billion. India also stood out, with growth of 8%. Latin America, UPL’s largest market, grew 2% to Rs. 176 billion.
The company reduced its net debt by INR 83,2 billion, ending the year with INR 138,6 billion. The result is due to robust operating cash flow (INR 44,5 billion) and the inflow of funds from asset sales and share issuance.
Net working capital was optimized, falling from 86 to 53 days. UPL attributes the gain to more rigorous inventory and credit management.
The company also announced the payment of a dividend of INR 6 per share. According to global CEO Jai Shroff, the performance “validates the commitment to sustainable value creation” and projects 2026 with “a more agile model, strengthened margins and more growth opportunities”.
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