Latest news with #UPLLimited
Business Upturn
28-05-2025
- Business
- Business Upturn
UPL subsidiary redeems USD 400 million bonds
By Aman Shukla Published on May 28, 2025, 11:07 IST UPL Limited has announced that its wholly owned subsidiary, UPL Corporation Limited, Mauritius ('UPL Corp'), has completed the redemption of bonds totaling USD 400 million. According to an official update from UPL Limited, this development follows a prior communication dated May 15, 2025. The bonds were redeemed at a price equal to their principal amount, along with accrued interest up to, but excluding, the redemption date. The payment also covered any arrears of interest, as applicable. In th excahgne filing, the copmany shared, 'Further to our letter dated 15th May, 2025, we wish to inform you that we have today received an intimation from UPL Corporation Limited, Mauritius ('UPL Corp'), a wholly owned subsidiary of the Company that it has redeemed all the Bonds aggregating to USD 400 Million. The redemption price was equal to the principal amount together with any interest accrued to but excluding the Redemption Date (including any Arrears of Interest)' This bond redemption marks a significant step in UPL Corp's financial commitments and capital structure management. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Korea Herald
13-05-2025
- Business
- Korea Herald
UPL LTD - Q4 and FULL YEAR FY25 RESULTS UPDATE
Strong Financial Performance for FY25; 8% Revenue Growth, 175% Growth in Net Profits and Net Debt Reduction of $1.04 Bn MUMBAI, India, May 13, 2025 /PRNewswire/ -- UPL Ltd (NSE: UPL) (BSE: UPLPP) (BSE: 512070/ 890209) (LSE: UPLL), today announced its financial results for the fourth quarter and full year ended March 31, 2025. Financial Highlights Q4 FY25 Full Year FY25 Commenting on the Q4FY25 and full year performance, Jai Shroff, Chairman & Group CEO, UPL Ltd., said: "Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. The significant improvement in profitability and operational efficiency, alongside consistent revenue growth, strong operating free cash flows and certain strategic fund-raising initiatives resulting in our net debt reduction by around $1 Bn validates our commitment towards sustainable value creation. We enter FY26 with a sharper business model, stronger margins, and renewed momentum to capture emerging opportunities in our markets." Mike Frank, CEO UPL Corporation, said: "We are proud to deliver a strong finish to the year, marked by industry-leading volume growth and increased market penetration in key geographies. Our disciplined focus on SG&A control has driven meaningful savings versus last year, while operational excellence led to a significant improvement of nearly 800 basis points in EBITDA margins. Strong free cash generation and tighter working capital management have further strengthened our balance sheet. These results reflect the relentless execution of our teams and the solid momentum we have built, positioning us well for sustained growth and value creation in the coming year." Debt Position As on 31 Mar 2025, Net Debt stood at ₹138.6 Bn ($1.62 Bn), a reduction of ₹83.2 Bn ($1.04 Bn) versus ₹221.7 Bn ($2.66 Bn) at the end of FY24. This reduction is attributed to higher operating free cash flows and ₹47 Bn ($550 Mn) gross proceeds from rights issue and Advanta stake sale. Working Capital Net Working Capital Days improved from 86 days last year to 53 days in FY25. This improvement was driven by better inventory optimisation and tighter credit management. Capital Markets Day Webcast and Presentation Details: The results will be followed by a Capital Markets Day presentation at 4.00 pm IST on 12 th May 2024. Webcast Registration link: To access the live webcast of the event, click here. The presentation will be available here. About UPL Limited UPL Ltd. (NSE: UPL, BSE: 512070, LSE GDR: UPLL) is a global provider of sustainable agricultural products and solutions that cover the entire agrifood value chain. With annual revenue exceeding $5 bn, UPL Ltd is one of the largest agriculture companies worldwide, serving growers in more than 140 countries. UPL Limited comprises of four pure-play platforms that include UPL Corporation Ltd (UPL Corp); UPL Sustainable Agri Solutions Ltd. (UPL SAS); Advanta Enterprises Ltd; and Superform Chemistries Ltd. (formerly known as UPL Speciality Chemicals Ltd.). Together, these platforms are dedicated to Reimagining Sustainability and driving progress in the world. For more information, please visit Safe Harbor Statement This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of UPL Limited (UPL) and certain of the plans and objectives of UPL with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITDA, and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where UPL operates, industry consolidation and competition. As a result, UPL's actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements. For a discussion of factors that could cause future results to differ from such forward-looking statements, see also Risk management, of our Annual Report.
Mint
12-05-2025
- Business
- Mint
Worst is over; specialty chemicals, new products to drive growth: UPL
Mumbai: Leading maker of agricultural chemicals and seeds UPL Limited is betting on new product launches and further diversification from the agricultural sector to sustain the recovery it recorded in FY25 further in the current fiscal. The company's revenue had grown 8% in FY25 after declining 20% in FY24. It also clocked a ₹ 1,383 crore loss in FY24 due to adverse market conditions, its first annual loss in nearly two decades. Currently, the company also stands to gain from the US-imposed tariff escalation, which would make it a preferable supplier over Chinese companies to American companies, said Jai Shroff, chairman and group CEO, UPL Ltd. 'In the US, there is a fantastic opportunity for us. We are competing without tariffs anyway. With tariffs, we are getting more phone calls from the US customers,' Shroff told the media during a post-earnings conference on Monday. North America accounted for 13% of UPL's FY25 revenue, a shade higher than it earned in India. Latin America is its largest market, accounting for 38% of revenues. To be sure, over the weekend, the Trump administration struck a deal with China to reduce tariffs on Chinese imports from 145% to 30% for 90 days during which the two nations will try to thrash out a trade deal. In return, China has also reduced tariffs on US imports to 10%. Meanwhile, the US has levied a 26% tariff on all Indian shipments. UPL on Monday said it has changed the name of its fully owned subsidiary UPL Specialty Chemicals Ltd to Superform Chemistries Ltd to signal its diversification into specialty chemicals beyond the agriculture industry. It will operate as a fully independent entity, Shroff said. The company logged revenues of ₹ 1 billion in FY25 and UPL expects the business to grow more than 20% in FY26. To bring down its cost of production, UPL had invested in backward integration and started producing a lot of primary chemicals, Shroff said. The company realized that these base chemicals could now be used to manufacture specialty chemicals for sectors beyond agriculture such as pharmaceuticals, paint, polymers and perfumes, he said. 'There is a big need in India (for specialty chemicals) and we have a lot of inquiries. When we looked at the opportunity of Superform (we realized) that we were restricting the growth of Superform. So, we are creating a dedicated, focussed team who runs that business,' Shroff said. The business will be headed by Raj Tiwari as its chief executive officer. UPL will invest ₹ 400-500 crore every year in Superform. On its part, UPL plans to launch 25 new products in FY26, which have a cumulative revenue potential of $130 million (about ₹ 1,100 crore), according to Mike Frank, the chief executive of UPL Corporation. New products brought in $92 million ( ₹ 780 crore) out of the company's total revenue of ₹ 46,640 crore in FY25. The worst is over for UPL now, Shroff said. 'UPL took a very aggressive write down in the previous year. We cleaned up our high-cost inventory. Our teams across the world also got a clear direction that we need to get back to growth after a very tough period,' he said. The company reported a profit of ₹ 897 crore for FY25, ₹ 896 crore of which was accrued in the fourth fiscal quarter. Q4 revenue was up 11% year-on-year to ₹ 15,570 crore. Q4 earnings before interest, tax, depreciation and amortization (Ebitda) grew 68% year-on-year to ₹ 3,240 crore. Ebitda margin improved 710 basis points to 20.8%. The company deleveraged its balance sheet by $1 billion in FY25 to end the year with a net debt of $1.62 billion ( ₹ 13,860 crore). Its net debt-to-Ebitda ratio improved to 1.7 from 4 at the end of FY24. Generally an acquisitive company, UPL will continue to focus on deleveraging barring any bargain deal that comes its way, Shroff said. The UPL stock gained nearly 35% since the beginning of the year compared to 5% for the benchmark Sensex. On Monday, the stock closed flat at ₹ 675.9 on the BSE. It is still trading below its 52-week high of ₹ 698.85.
Business Upturn
12-05-2025
- Business
- Business Upturn
UPL Q4 results: Revenue jumps 10.6% YoY to Rs 15,573 crore, net profit rises sharply to Rs 896 crore
UPL Limited reported a strong financial performance for the fourth quarter ended March 31, 2025, marking a sharp recovery from the previous year. The agrochemical major posted a consolidated net profit attributable to owners at Rs 896 crore, a significant rise from Rs 40 crore in the same period last year. The company's revenue from operations stood at Rs 15,573 crore in Q4 FY25, registering a 10.6% year-on-year growth from Rs 14,078 crore reported in Q4 FY24. Total income rose to Rs 15,680 crore from Rs 14,204 crore in the same quarter last year. UPL's EBITDA for the quarter surged 67% to Rs 3,235 crore, compared to Rs 1,932 crore in the year-ago period. The EBITDA margin expanded notably to 20.80% from 13.7% in Q4 FY24, reflecting operational efficiency and improved cost management. Total expenses for the quarter stood at Rs 14,001 crore, almost flat year-on-year. Profit before exceptional items and tax rose to Rs 1,652 crore, up sharply from Rs 135 crore a year ago. For the full financial year FY25, UPL reported revenue of Rs 46,637 crore, up from Rs 43,098 crore in FY24. Net profit for the year came in at Rs 820 crore, reversing a loss of Rs 1,878 crore recorded in the previous fiscal. The robust quarterly performance highlights UPL's margin recovery and execution strength, positioning it well for the upcoming fiscal. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
