UPL Limited Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Revenue	468,310	466,370	430,980	535,760	462,400	386,940	Upgrade
Revenue Growth (YoY)	8.40%	8.21%	-19.56%	15.87%	19.50%	8.22%	Upgrade
Cost of Revenue	238,720	242,230	248,550	276,710	224,040	193,850	Upgrade
Gross Profit	229,590	224,140	182,430	259,050	238,360	193,090	Upgrade
Selling, General & Admin	52,940	53,090	54,830	61,990	54,090	42,770	Upgrade
Other Operating Expenses	89,980	87,450	71,490	84,090	82,660	63,870	Upgrade
Operating Expenses	174,580	170,440	154,860	172,780	160,190	129,170	Upgrade
Operating Income	55,010	53,700	27,570	86,270	78,170	63,920	Upgrade
Interest Expense	-35,300	-34,360	-33,780	-29,840	-17,750	-15,600	Upgrade
Interest & Investment Income	-	-	4,490	3,410	1,590	2,150	Upgrade
Earnings From Equity Investments	500	-	-2,420	1,570	1,340	420	Upgrade
Currency Exchange Gain (Loss)	-10,450	-11,830	-12,900	-7,770	-9,850	-3,230	Upgrade
Other Non Operating Income (Expenses)	4,860	4,860	-1,410	-510	-910	-3,490	Upgrade
EBT Excluding Unusual Items	14,620	12,370	-18,450	53,130	52,590	44,170	Upgrade
Merger & Restructuring Charges	-1,000	-1,000	-2,030	-490	-600	-2,600	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-80	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	150	210	420	80	Upgrade
Asset Writedown	-310	-310	-50	-60	-110	-60	Upgrade
Legal Settlements	-200	-200	-	-	-780	930	Upgrade
Other Unusual Items	-2,170	-2,570	-490	-1,210	-1,860	-710	Upgrade
Pretax Income	10,940	8,290	-20,870	51,500	49,660	41,810	Upgrade
Income Tax Expense	-770	90	-2,090	7,360	5,290	6,860	Upgrade
Earnings From Continuing Operations	11,710	8,200	-18,780	44,140	44,370	34,950	Upgrade
Net Income to Company	11,710	8,200	-18,780	44,140	44,370	34,950	Upgrade
Minority Interest in Earnings	220	770	6,780	-8,440	-8,110	-6,240	Upgrade
Net Income	11,930	8,970	-12,000	35,700	36,260	28,710	Upgrade
Preferred Dividends & Other Adjustments	-	-	1,360	1,350	1,210	900	Upgrade
Net Income to Common	11,930	8,970	-13,360	34,350	35,050	27,810	Upgrade
Net Income Growth	-	-	-	-1.54%	26.30%	61.66%	Upgrade
Shares Outstanding (Basic)	859	911	751	751	764	764	Upgrade
Shares Outstanding (Diluted)	881	932	751	751	764	764	Upgrade
Shares Change (YoY)	47.28%	24.22%	-	-1.76%	-	0.00%	Upgrade
EPS (Basic)	13.89	9.85	-17.80	45.76	45.87	36.40	Upgrade
EPS (Diluted)	13.54	9.62	-17.80	45.76	45.87	36.40	Upgrade
EPS Growth	-	-	-	-0.23%	26.02%	56.62%	Upgrade
Free Cash Flow	-	92,610	6,630	60,790	44,740	55,930	Upgrade
Free Cash Flow Per Share	-	99.32	8.83	80.99	58.56	73.20	Upgrade
Dividend Per Share	-	6.000	1.000	10.000	10.000	10.000	Upgrade
Dividend Growth	-	500.00%	-90.00%	-	-	66.67%	Upgrade
Gross Margin	49.02%	48.06%	42.33%	48.35%	51.55%	49.90%	Upgrade
Operating Margin	11.75%	11.51%	6.40%	16.10%	16.91%	16.52%	Upgrade
Profit Margin	2.55%	1.92%	-3.10%	6.41%	7.58%	7.19%	Upgrade
Free Cash Flow Margin	-	19.86%	1.54%	11.35%	9.68%	14.45%	Upgrade
EBITDA	85,923	81,200	41,420	99,110	90,080	76,950	Upgrade
EBITDA Margin	18.35%	17.41%	9.61%	18.50%	19.48%	19.89%	Upgrade
D&A For EBITDA	30,913	27,500	13,850	12,840	11,910	13,030	Upgrade
EBIT	55,010	53,700	27,570	86,270	78,170	63,920	Upgrade
EBIT Margin	11.75%	11.51%	6.40%	16.10%	16.91%	16.52%	Upgrade
Effective Tax Rate	-	1.09%	-	14.29%	10.65%	16.41%	Upgrade
Revenue as Reported	473,170	471,230	435,810	540,530	465,210	389,520	Upgrade
Advertising Expenses	-	-	6,580	10,020	6,510	4,760	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.