UPL Q3 Results: Stock jumps 6% on margin beat, guidance maintained

Shares of UPL gained as much as 6% on Monday, February 2, in response to its December quarter results that were better than expectations on a year-on-year basis.

The company has maintained its revenue and Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) growth guidance for the full financial year.

UPL still sees revenue growing between 4% to 8% in financial year 2026, while EBITDA growth guidance has been maintained between 12% to 16%.

For the quarter, UPL's revenue grew by 12% from last year to ₹12,269 crore, while the street was working with a 5% growth projecting. The topline growth was driven by higher volume growth, particularly in Advanta, and supported by favourable forex.

EBITDA for the quarter also grew by 13% year-on-year to ₹2,433 crore, led by improved product mix, higher capacity utilization and lower input costs. EBITDA growth was seen to be flat during the quarter.

EBITDA margin remained flat at 19.83%.

UPL's net debt reduced by ₹2,553 crore during the quarter to ₹23,217 crore. However, net working capital days rose to 116 days from 107 days.

Shares of UPL are now trading 6% higher after the results announcement at ₹703.45. The stock is up 11.6% over the last 12 months.