UPL

🔍 FY25 Q4 & Full-Year Financial Highlights Q4 FY25: Revenue rose ~11% YoY to ₹15,570 Cr. EBITDA jumped ~68%, with margins expanding ~710 bps to ~20.8%. Net profit surged over twentyfold to ~₹900 Cr from ~₹40 Cr in Q4 FY24. A dividend of ₹6 per share was recommended. However, despite strong results, the stock dipped ~5% intraday to around ₹642, suggesting market caution. FY25 Full Year: Revenue grew ~8% to ₹46,640 Cr. EBITDA increased ~47%, margins rose to ~17.4%. Returned to profitability with net profit of ~₹900 Cr after a loss in FY24. Reduced net debt by about ₹8,320 Cr (approx. $1 Bn), down to ~₹13,860 Cr. Operating cash flow improved significantly; working capital days reduced from 86 → 53. 🛠️ Key Strategic & Operational Updates Debt Reduction & Cash Flow: Aggressive deleveraging via stronger free cash flow and capital-raising moves (rights issue, Advanta stake sale). Asset Rationalization: Advanta Brazil (UPL’s seed arm) is selling its Serra Bonita assets for ~$125 M—likely to sharpen focus on core operations. Sustainability Accolades & Expansion: UPL’s global divisions continue to secure certifications and strengthen internal leadership, including appointments like a new CFO. Capex Outlook: Plans to invest ~$225 M in FY26 for capacity expansion and future growth initiatives. 📈 Market Reaction & Outlook Strong upside in earnings and balance sheet health was tempered by market pressure, with the ~5% stock drop indicating possible concerns over valuation or macro factors. Watch for further developments around the Serra Bonita deal, FY26 capex deployment, and updates on the ongoing integration of recent business segments. .