UPL Limited Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	518,390	466,370	430,980	535,760	462,400
Revenue Growth (YoY)	11.15%	8.21%	-19.56%	15.87%	19.50%
Cost of Revenue	258,910	245,700	248,550	276,710	224,040
Gross Profit	259,480	220,670	182,430	259,050	238,360
Selling, General & Admin	58,070	60,060	54,830	61,990	54,090
Other Operating Expenses	98,030	76,910	71,490	84,090	82,660
Operating Expenses	196,040	166,870	154,860	172,780	160,190
Operating Income	63,440	53,800	27,570	86,270	78,170
Interest Expense	-30,730	-32,320	-33,780	-29,840	-17,750
Interest & Investment Income	-	3,470	4,490	3,410	1,590
Earnings From Equity Investments	-1,940	-4,720	-2,420	1,570	1,340
Currency Exchange Gain (Loss)	-6,440	-7,110	-12,900	-7,770	-9,850
Other Non Operating Income (Expenses)	6,630	-1,260	-1,410	-510	-910
EBT Excluding Unusual Items	30,960	11,860	-18,450	53,130	52,590
Merger & Restructuring Charges	-1,310	-1,000	-1,600	-490	-600
Gain (Loss) on Sale of Investments	-	-	-	-80	-
Gain (Loss) on Sale of Assets	-	610	150	210	420
Asset Writedown	-	-410	-470	-60	-110
Legal Settlements	-	-200	-320	-	-780
Other Unusual Items	1,920	-2,570	-180	-1,210	-1,860
Pretax Income	31,570	8,290	-20,870	51,500	49,660
Income Tax Expense	9,370	90	-2,090	7,360	5,290
Earnings From Continuing Operations	22,200	8,200	-18,780	44,140	44,370
Minority Interest in Earnings	-2,980	770	6,780	-8,440	-8,110
Net Income	19,220	8,970	-12,000	35,700	36,260
Preferred Dividends & Other Adjustments	-	1,360	1,360	1,350	1,210
Net Income to Common	19,220	7,610	-13,360	34,350	35,050
Net Income Growth	114.27%	-	-	-1.54%	26.30%
Shares Outstanding (Basic)	861	771	766	751	764
Shares Outstanding (Diluted)	861	789	766	751	764
Shares Change (YoY)	9.10%	3.11%	1.99%	-1.76%	-
EPS (Basic)	22.32	9.87	-17.45	45.76	45.87
EPS (Diluted)	22.32	9.62	-17.45	45.76	45.87
EPS Growth	132.02%	-	-	-0.23%	26.02%
Free Cash Flow	61,890	92,610	6,630	60,790	44,740
Free Cash Flow Per Share	71.87	117.33	8.66	80.99	58.56
Dividend Per Share	6.000	6.000	1.000	10.000	10.000
Dividend Growth	-	500.00%	-90.00%	-	-
Gross Margin	50.06%	47.32%	42.33%	48.35%	51.55%
Operating Margin	12.24%	11.54%	6.40%	16.10%	16.91%
Profit Margin	3.71%	1.63%	-3.10%	6.41%	7.58%
Free Cash Flow Margin	11.94%	19.86%	1.54%	11.35%	9.68%
EBITDA	95,880	66,120	41,420	99,110	90,080
EBITDA Margin	18.50%	14.18%	9.61%	18.50%	19.48%
D&A For EBITDA	32,440	12,320	13,850	12,840	11,910
EBIT	63,440	53,800	27,570	86,270	78,170
EBIT Margin	12.24%	11.54%	6.40%	16.10%	16.91%
Effective Tax Rate	29.68%	1.09%	-	14.29%	10.65%
Revenue as Reported	525,020	471,230	435,810	540,530	465,210
Advertising Expenses	-	5,670	6,580	10,020	6,510

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