Quarterly results · UPL
UPL LIMITED reported revenue of ₹11,860 cr and net profit of ₹452 cr in Q2 FY27 (quarter ended 30 Sept 2026). Below is the full quarter-wise results table with revenue, operating profit, margins, tax, EPS and annual history — updated when Yahoo Finance publishes updated financial statements; exchange filings can appear earlier.
Next results date
2 Nov 2026
Intimation of Board Meeting for the quarter and half year ended September 30, 2026.
| Quarter | Q2 FY27 |
|---|---|
| Quarter ended | 30 Sept 2026 |
| Revenue | ₹11,860 cr |
| Revenue YoY | — |
| Operating profit | ₹1,381 cr |
| Operating margin | 11.6% |
| Net profit | ₹452 cr |
| Net profit YoY | — |
| Net profit QoQ | +4420.0% |
| Net margin | 3.8% |
| Basic EPS | ₹4.99 |
| TTM revenue | ₹52,645 cr |
| TTM net profit | ₹1,919 cr |
| TTM net margin | 3.6% |
UPL LIMITED (UPL) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹11,860 cr and a net profit of ₹452 cr, translating into earnings per share of ₹4.99.
Operating profit for the quarter stood at ₹1,381 cr, an operating margin of 11.6%.
Revenue
₹11,860 cr
— YoY
Net profit
₹452 cr
— YoY
Operating profit
₹1,381 cr
— YoY
EPS
₹4.99
— YoY
Swipe sideways to see all columns →
| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
|---|---|---|---|---|---|---|---|---|
| Q2 FY272026-09-30 | ₹11,860 cr | ₹1,381 cr | ₹452 cr | 11.6% | 3.8% | ₹4.99 | — | +4420.0% |
| Q1 FY272026-06-30 | ₹10,181 cr | ₹774 cr | ₹10 cr | 7.6% | 0.1% | ₹0.12 | +111.4% | -99.1% |
| Q4 FY262026-03-31 | ₹18,335 cr | ₹3,111 cr | ₹1,061 cr | 17.0% | 5.8% | ₹12.57 | +18.4% | +167.9% |
| Q3 FY262025-12-31 | ₹12,269 cr | ₹1,671 cr | ₹396 cr | 13.6% | 3.2% | ₹4.69 | — | +550.0% |
| Q1 FY262025-06-30 | ₹9,216 cr | ₹764 cr | -₹88 cr | 8.3% | -1.0% | ₹-1.94 | — | -109.8% |
| Q4 FY252025-03-31 | ₹15,573 cr | ₹2,552 cr | ₹896 cr | 16.4% | 5.8% | ₹11.20 | — | — |
| TTM (last 4 quarters) | ₹52,645 cr | ₹6,937 cr | ₹1,919 cr | 13.2% | 3.6% | ₹22.37 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 | Q4 FY252025-03-31 |
|---|---|---|---|---|---|---|
| Revenue / Sales | ₹11,860 cr | ₹10,181 cr | ₹18,335 cr | ₹12,269 cr | ₹9,216 cr | ₹15,573 cr |
| Total expenses | ₹11,298 cr | ₹9,407 cr | ₹15,224 cr | ₹10,598 cr | ₹8,452 cr | ₹13,021 cr |
| Gross profit | — | ₹5,866 cr | ₹8,212 cr | ₹6,423 cr | ₹5,047 cr | ₹7,022 cr |
| Operating profit (EBIT) | ₹1,381 cr | ₹774 cr | ₹3,111 cr | ₹1,671 cr | ₹764 cr | ₹2,552 cr |
| Operating margin | 11.6% | 7.6% | 17.0% | 13.6% | 8.3% | 16.4% |
| Interest cost | ₹819 cr | ₹759 cr | ₹836 cr | ₹700 cr | ₹736 cr | ₹914 cr |
| Profit before tax | ₹747 cr | -₹109 cr | ₹1,892 cr | ₹671 cr | -₹190 cr | ₹1,377 cr |
| Tax expense | ₹163 cr | -₹36 cr | ₹598 cr | ₹181 cr | -₹14 cr | ₹298 cr |
| Effective tax rate | 21.8% | 33.0% | 31.6% | 27.0% | 7.4% | 21.6% |
| Net profit (PAT) | ₹452 cr | ₹10 cr | ₹1,061 cr | ₹396 cr | -₹88 cr | ₹896 cr |
| Net profit margin | 3.8% | 0.1% | 5.8% | 3.2% | -1.0% | 5.8% |
| Basic EPS | ₹4.99 | ₹0.12 | ₹12.57 | ₹4.69 | ₹-1.94 | ₹11.20 |
| Diluted EPS | — | ₹0.12 | ₹12.57 | ₹4.69 | ₹-1.94 | ₹11.15 |
| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 | Q4 FY25 |
|---|---|---|---|---|---|---|
| Revenue YoY | — | +10.5% | +17.7% | — | — | — |
| Revenue QoQ | +16.5% | -44.5% | +49.4% | +33.1% | -40.8% | — |
| Operating profit YoY | — | +1.3% | +21.9% | — | — | — |
| Operating profit QoQ | +78.4% | -75.1% | +86.2% | +118.7% | -70.1% | — |
| Net profit YoY | — | +111.4% | +18.4% | — | — | — |
| Net profit QoQ | +4420.0% | -99.1% | +167.9% | +550.0% | -109.8% | — |
| EPS YoY | — | +106.2% | +12.2% | — | — | — |
| EPS QoQ | +4058.3% | -99.0% | +168.0% | +341.8% | -117.3% | — |
Full-year performance for UPL LIMITED, useful for reading each quarter in context.
| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
|---|---|---|---|---|
| Revenue / Sales | ₹51,303 cr | ₹46,262 cr | ₹42,599 cr | ₹53,134 cr |
| Total expenses | ₹44,200 cr | ₹40,642 cr | ₹39,751 cr | ₹44,384 cr |
| Gross profit | ₹25,088 cr | ₹21,736 cr | ₹17,832 cr | ₹25,513 cr |
| Operating profit (EBIT) | ₹7,103 cr | ₹5,620 cr | ₹2,848 cr | ₹8,750 cr |
| Operating margin | 13.8% | 12.1% | 6.7% | 16.5% |
| Interest cost | ₹2,853 cr | ₹3,232 cr | ₹3,378 cr | ₹2,984 cr |
| Profit before tax | ₹3,157 cr | ₹829 cr | -₹2,087 cr | ₹5,150 cr |
| Tax expense | ₹937 cr | ₹9 cr | -₹209 cr | ₹736 cr |
| Effective tax rate | 29.7% | 1.1% | 10.0% | 14.3% |
| Net profit (PAT) | ₹1,922 cr | ₹897 cr | -₹1,200 cr | ₹3,570 cr |
| Net profit margin | 3.7% | 1.9% | -2.8% | 6.7% |
| Basic EPS | ₹22.32 | ₹9.66 | ₹-17.45 | ₹43.92 |
| Diluted EPS | ₹22.32 | ₹9.62 | ₹-17.45 | ₹43.92 |
Topline for Q2 FY27 came in at ₹11,860 cr, and ₹10,181 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +16.5%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹11,298 cr, or 95.3% of revenue.
Net profit of ₹452 cr works out to a net margin of 3.8%.
Below the operating line, UPL LIMITED reported profit before tax of ₹747 cr, a tax charge of ₹163 cr (effective rate 21.8%), interest cost of ₹819 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹10 cr in Q1 FY27 to ₹452 cr in Q2 FY27, a change of +4420.0%.
Across the trailing four quarters UPL LIMITED has generated revenue of ₹52,645 cr and net profit of ₹1,919 cr, a trailing net margin of 3.6%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹51,303 cr with net profit of ₹1,922 cr and EPS of ₹22.32, versus the prior year where revenue grew +10.9% and profit grew +114.3%.
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A single weak quarter matters less than the direction over three to four consecutive quarters.
UPL LIMITED has intimated the exchange that its board meets on 2 Nov 2026 to approve financial results. The figures shown here update when Yahoo Finance publishes the corresponding statement data, which can lag the filing.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
In Q2 FY27 (quarter ended 30 Sept 2026), UPL LIMITED reported revenue of ₹11,860 cr and net profit of ₹452 cr. EPS stood at ₹4.99.
UPL LIMITED posted a net profit margin of 3.8% and an operating margin of 11.6% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹52,645 cr and net profit ₹1,919 cr.
UPL LIMITED net profit changed +4420.0% quarter on quarter, from ₹10 cr in Q1 FY27 to ₹452 cr in Q2 FY27.
The board of UPL LIMITED meets on 2 Nov 2026 to consider and approve the financial results, as per the exchange filing.
Our latest UPL results coverage — "UPL Limited Q2 FY27 Results: Net Profit ₹452 cr" — breaks down revenue, profit, margins and management commentary.
For FY26, UPL LIMITED reported full-year revenue of ₹51,303 cr and net profit of ₹1,922 cr, with EPS of ₹22.32.
Past results dates for UPL will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 2 Nov 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
