Q3 2025 UPL Ltd Earnings Call Transcript
Key Points
- UPL Ltd (LSE:UPLL) reported a strong 10% revenue growth in Q3, driven by a 9% increase in volumes and a 5% rise in pricing.
- The company's EBITDA for Q3 increased fourfold compared to the previous year, with margins improving by 1,600 basis points.
- UPL Ltd (LSE:UPLL) successfully completed a rights issue, which was oversubscribed two times, raising USD100 million.
- The company achieved significant improvements in working capital management, reducing net working capital days from 155 to 107.
- UPL Ltd (LSE:UPLL) reported a strong performance in its Global Crop Protection business, with a 15% revenue increase in Q3, led by higher volumes in Latin America and Europe.
- The rest of the world revenues declined by 4%, primarily due to pricing pressure in regions like Africa, Australia, and China.
- Despite revenue growth, the Advanta seed platform experienced a contraction in contribution margins by 615 basis points due to unfavorable crop mix and higher input costs.
- The company faced challenges with associate companies in Brazil, reporting losses from Cnova and Origeo.
- UPL Ltd (LSE:UPLL) continues to face headwinds from softness in agricultural commodity prices and stable active ingredient prices.
- The company reported a negative other comprehensive income of INR578 crores, largely due to the impact of rupee depreciation on the USD loan book.
Ladies and gentlemen, good day, and welcome to the UPL Limited Q3 FY 2025 earnings conference call. As a reminder, all participant lines will remain in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anurag Gupta, Head of Investor Relations. Please go ahead, sir.
Thank you, Ryan. Good day, everyone. Thanks for joining us today for the results for the third quarter and nine months ending December 31, 2024. The presentation, press release and the financial statements have been made available on the website, and we take it that you have read the Safe Harbor statement.
From the management team, we have with us today, Vice Chairman, Rajendra Darak; CEO of our Global Crop Protection business, Mike Frank; CFO, Anand Vora; CEO of our India Crop Protection Platform, Ashish Dobhal; CFO of our Seeds business Advanta, Sujay
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