UPL Q2 FY27 consolidated revenue Rs 11,860.00 cr, PAT Rs 452.00 cr
UPL’s consolidated Q2 FY27 revenue from operations was Rs 11,860.00 cr and profit after tax Rs 452.00 cr, versus Rs 12,019.00 cr and Rs 612.00 cr a year earlier.
Key takeaways
- Revenue from operations Rs 11,860.00 cr vs Rs 12,019.00 cr a year earlier.
- Total income Rs 12,046.00 cr vs Rs 12,269.00 cr in the corresponding quarter.
- Profit before tax Rs 615.00 cr vs Rs 784.00 cr in the year-ago quarter.
- Profit for the period Rs 452.00 cr vs Rs 612.00 cr a year earlier.
- Basic EPS Rs 4.99 vs Rs 6.75 in the corresponding quarter of the previous year.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 11,860.00 cr | Rs 12,019.00 cr | -1.3% |
| PAT | Rs 452.00 cr | Rs 612.00 cr | -26.1% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 3.81% of revenue, down 128 bps from 5.09%.
- Revenue fell 1.3% while total expenses fell 2.4%.
- Cost of materials took 55.8% of revenue, against 51.1% a year earlier.
• Basis & period: Consolidated statement of financial results, quarter ended September 30, 2026 vs September 30, 2025 (both unaudited).
• Revenue from operations: Rs 11,860.00 cr (Q2 FY27) vs Rs 12,019.00 cr (Q2 FY26).
• Other income: Rs 186.00 cr vs Rs 250.00 cr.
• Total income (I+II): Rs 12,046.00 cr vs Rs 12,269.00 cr.
• Cost of raw materials and packing materials consumed: Rs 6,615.00 cr vs Rs 6,136.00 cr.
• Purchases of stock-in-trade: Rs 960.00 cr vs Rs 709.00 cr.
• Changes in inventory of finished goods, work-in-progress, and stock-in-trade: Rs (2,176.00) cr vs Rs (1,092.00) cr.
• Employee benefits expense: Rs 1,240.00 cr vs Rs 1,466.00 cr.
• Finance costs: Rs 819.00 cr vs Rs 784.00 cr.
• Depreciation and amortisation expense: Rs 819.00 cr vs Rs 771.00 cr.
• Impairment loss on financial assets (net): Rs 71.00 cr vs Rs 114.00 cr.
• Exchange difference (net) on trade receivables, trade payables, etc.: Rs 112.00 cr vs Rs 204.00 cr.
• Other expenses: Rs 2,838.00 cr vs Rs 2,481.00 cr.
• Total expenses: Rs 11,298.00 cr vs Rs 11,573.00 cr.
• Profit / (loss) before share of loss of associates and joint ventures, exceptional items and tax: Rs 748.00 cr vs Rs 696.00 cr.
• Share of loss of associates and joint ventures, net of tax: Rs (132.00) cr vs Rs (54.00) cr.
• Profit / (loss) before exceptional items and tax: Rs 616.00 cr vs Rs 642.00 cr.
• Exceptional items loss / (gain) (net): Rs – vs Rs (142.00) cr.
• Profit / (loss) before tax: Rs 615.00 cr vs Rs 784.00 cr.
• Tax expenses / (credit): Rs 163.00 cr vs Rs 172.00 cr.
• Profit / (loss) for the period: Rs 452.00 cr vs Rs 612.00 cr.
• Paid up equity share capital: Rs 169.00 cr vs Rs 169.00 cr.
• Basic earnings per equity share (not annualised, face value Rs 2 each): Rs 4.99 vs Rs 6.75.
• Diluted earnings per equity share (not annualised, face value Rs 2 each): Rs 4.99 vs Rs 6.74.
In the consolidated statement of financial results for the quarter ended September 30, 2026, UPL reported revenue from operations of Rs 11,860.00 cr, slightly lower than Rs 12,019.00 cr in the corresponding quarter of the previous year. Total income, including other income, was Rs 12,046.00 cr compared with Rs 12,269.00 cr a year earlier.
On the cost side, cost of raw materials and packing materials consumed rose to Rs 6,615.00 cr from Rs 6,136.00 cr, and purchases of stock-in-trade increased to Rs 960.00 cr from Rs 709.00 cr. Changes in inventory of finished goods, work-in-progress, and stock-in-trade were a negative Rs (2,176.00) cr versus Rs (1,092.00) cr in the year-ago quarter. Employee benefits expense declined to Rs 1,240.00 cr from Rs 1,466.00 cr, while finance costs increased to Rs 819.00 cr from Rs 784.00 cr. Depreciation and amortisation expense also increased to Rs 819.00 cr from Rs 771.00 cr. Other expenses were Rs 2,838.00 cr compared with Rs 2,481.00 cr in the prior-year quarter.
Profit before share of loss of associates and joint ventures, exceptional items and tax was Rs 748.00 cr, up from Rs 696.00 cr. However, the share of loss of associates and joint ventures, net of tax, widened to Rs (132.00) cr from Rs (54.00) cr. Profit before exceptional items and tax stood at Rs 616.00 cr versus Rs 642.00 cr. There was no exceptional item reported in the current quarter, compared with an exceptional gain of Rs (142.00) cr in the corresponding quarter of the previous year. Profit before tax was Rs 615.00 cr against Rs 784.00 cr, and tax expenses were Rs 163.00 cr versus Rs 172.00 cr. Profit for the period came in at Rs 452.00 cr, compared with Rs 612.00 cr a year earlier. Basic and diluted earnings per share were Rs 4.99, down from Rs 6.75 and Rs 6.74 respectively in the same quarter last year.
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