UPL Ltd, a global leader in sustainable agriculture and advanced chemical solutions, announced its financial results for Q4 and the full year FY25, reporting a significant turnaround in net profits, robust margin expansion, and strong debt reduction. Alongside this, the company introduced its next-generation specialty chemistries business—SUPERFORM Chemistries Limited—to further fuel innovation and global growth.
Strong FY25 Financial Performance
Q4 FY25 Highlights:
- Revenue increased 11% YoY to Rs155.7 Bn, driven by volume growth and solid performance across all segments
- EBITDA rose 68% to Rs 32.4 Bn with margins expanding by 710 basis points to 20.8%
- Net profit surged to Rs 9.0 Bn, up from ₹0.4 Bn in Q4 FY24
Full-Year FY25 Highlights:
- Revenue rose by 8% YoY to Rs 466.4 Bn
- EBITDA grew 47% to Rs 81.2 Bn with margins improving to 17.4%
- Net profit stood at Rs 9.0 Bn, marking a dramatic recovery from a Rs 12.0 Bn loss in FY24
- Net debt reduced by Rs 83.2 Bn ($1.04 Bn), backed by ₹44.5 Bn in operating free cash flows and proceeds from two strategic transactions
Chairman and Group CEO, Mr Jai Shroff, commented:"FY25 was a transformational year. Our strong financial results reflect the success of our strategic reset and our commitment to building a future-ready, value-driven enterprise. With a leaner debt structure, healthier margins, and renewed focus on innovation, we are better positioned to capture growth across global markets."
Mike Frank, CEO of UPL Corporation, added: "We've delivered industry-leading volume growth and improved operational efficiencies. Our SG&A discipline and strong free cash flow generation further strengthened our balance sheet. This performance is a testament to the grit and discipline of our teams worldwide."
Driving the Next Chapter: SUPERFORM Chemistries Ltd
In line with its transformation journey, UPL announced the launch of SUPERFORM Chemistries Ltd, a wholly owned subsidiary and a standalone business unit. Formerly UPL Specialty Chemicals Ltd, SUPERFORM represents UPL's ambition to lead the global specialty chemicals sector with sustainable, high-performance, and innovation-led solutions.
CEO Raj Tiwari, backed by a workforce of over 3,500 professionals, will lead SUPERFORM as it brings chemistry-based innovation to sectors such as agriculture, flame retardants, lubricants, mining, healthcare, and food & beverages. SUPERFORM is engineered to respond to complex industrial needs through deep R&D capabilities, green chemistry practices, and global sourcing strength.
India's chemical industry is projected to reach $850–$1,000 billion by 2040, with specialty chemistries comprising 10–12% of global share. SUPERFORM is strategically placed to accelerate India's ascent in this space, with ESG excellence and responsible innovation at its core.
Regional & Operational Highlights
- North America posted the highest YoY revenue growth at 56%
- Europe and India delivered stable gains of 9% and 8%, respectively
- Working Capital Days improved sharply from 86 to 53, aided by tight inventory and credit controls.
