UPL Financial Statements

UPL (UPL) reported revenue of ₹471.23B in FY2025 with net income of ₹8.20B. Total assets stood at ₹880.02B and free cash flow was ₹93.38B.

UPL Income Statement

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FY 2024 – FY 2025

Item	Chart	2024	2025
Revenue		435.81B	471.23B
Cost of Rev. Cost of Revenue		-244.94B	-242.23B
Gross Profit		190.87B	229.00B
SGA Sales, General & Admin		-140.65B	-148.14B
Op. Income Operating Income		22.59B	53.36B
PBT Profit Before Tax		-18.45B	8.29B
Net Income		-18.78B	8.20B
Dil. Shares Diluted Shares		750.61M	789.30M
Diluted EPS		-17.80	9.62

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows UPL's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

UPL Balance Sheet

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FY 2024 – FY 2025

Item	Chart	2024	2025
Curr. assets Total current assets		392.99B	396.17B
Non-curr. assets Total non-current assets		482.47B	483.85B
Total assets		875.46B	880.02B
Curr. liabilities Total current liabilities		268.61B	285.69B
Non-curr. liab. Total non-current liabilities		279.79B	216.07B
Total liabilities		548.40B	501.76B
Total equity		327.06B	378.26B
Total liab. & eq. Total liabilities & equity		875.46B	880.02B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures UPL's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

UPL Cash Flow Statement

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FY 2024 – FY 2025

Item	Chart	2024	2025
Net Income		-20.87B	8.29B
Operating CF Cash flow Operating Activities		18.22B	101.51B
Capex Investments in PPE		-19.95B	-8.13B
Investing CF Cash flow Investing Activities		-24.78B	-18.40B
Dividend Paid		-7.49B	-770.00M
Financing CF Cash flow Financing Activities		1.64B	-47.93B
Cash (start) Cash at beginning of period		59.67B	59.43B
Cash (end) Cash at end of period		59.43B	94.78B
FCF Free Cash Flow		-1.73B	93.38B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how UPL's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025