UPL Q2 Results FY27: Profit Falls 23.87%, Revenue Rs 11,860 Cr, PAT Rs 421 Cr

November 2, 2026
Posted by: Harsh Piplani
Category: Results

Quick Answer

UPL Q2 Results FY27 were declared on 2 November 2026, and the quarterly results show revenue of Rs 11,860 Cr, down 1.32% from Rs 12,019 Cr a year earlier. Net profit stood at Rs 421 Cr, down 23.87% from Rs 553 Cr. The YoY growth figures are negative on both lines for the July to September 2026 quarter, and the sections below set out the numbers, business factors, outlook and risks.

UPL Ltd (UPL) Q2 Results FY27 announced on 2 November 2026, covering the company’s financial performance for the July to September quarter. Revenue for the quarter was Rs 11,860 Cr and PAT was Rs 421 Cr. The results date of 2 November 2026 places this filing at the start of the FY27 second-quarter reporting cycle, and UPL Q2 Results FY27 give a clear view of how both lines moved against the same quarter last year.

This UPL Q2 Results results analysis covers the financial highlights, the business drivers disclosed for the quarter, the FY27 outlook and the risks worth tracking. It also shows how the figures reported on NSE and BSE compare with the prior year and the prior quarter, starting with the Financial Highlights below.

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Table of Contents

UPL Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 11860 Cr	Rs 12019 Cr	-1.32% YoY
Net Profit (PAT)	Rs 421 Cr	Rs 553 Cr	-23.87% YoY

Source: company filing for UPL Q2 Results FY27, 2 November 2026. Figures in Rs Crore.

Key Takeaways from UPL Q2 Results: What Stands Out

Revenue of Rs 11,860 Cr was 1.32% lower YoY, compared with Rs 12,019 Cr in the same quarter of the previous year.
Net profit of Rs 421 Cr fell 23.87% YoY from Rs 553 Cr, a sharper move than the change in revenue.
Net profit margin of 3.5% narrowed from 4.6% in the comparison quarter, which links the two YoY growth figures above.
Sequentially, revenue rose 16.5% from Rs 10,181 Cr, so the YoY and quarter-on-quarter pictures differ in UPL Q2 Results FY27.
The next section breaks down the performance analysis behind these net profit and revenue figures in more detail.

UPL Q2 Results FY27: Performance Analysis

UPL reported revenue of Rs 11,860 Cr and net profit of Rs 421 Cr for the July to September 2026 quarter. Both lines are lower than a year earlier, with revenue down 1.32% and net profit down 23.87%. That gap between the two YoY growth figures is the main feature of the quarter.

Revenue slipped from Rs 12,019 Cr to Rs 11,860 Cr, a fall of Rs 159 Cr. Net profit moved from Rs 553 Cr to Rs 421 Cr, a fall of Rs 132 Cr. In UPL Q2 Results FY27, the profit decline is therefore proportionally far larger than the revenue decline, and that is what the quarterly results highlight first.

Against the previous quarter the picture is different, since revenue was up 16.5% from Rs 10,181 Cr. Investors following this results analysis will want to track the next filings to see whether the sequential gain carries into the coming quarters, which is where the results analysis turns to the business factors.

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Key Business Factors This Quarter

Sequential Revenue Gain – The results analysis points to revenue growth over the previous quarter, with revenue up 16.5% quarter on quarter from Rs 10,181 Cr. This sequential rise sits alongside the lower YoY figure and is a key part of the quarterly results.

Sequential Net Profit Gain – Net profit was up 4110.0% quarter on quarter from Rs 10 Cr to Rs 421 Cr. The very small base explains the size of that percentage, and UPL Q2 Results FY27 show the profit line well above the prior quarter.

Return on Equity – Return on equity improved to 6.95% in FY26 from 3.04% in FY25. This is the supplied full-year profitability measure, and it gives context for the quarterly net profit of Rs 421 Cr reported by UPL.

FY27 Outlook After UPL Q2 Results

The FY27 full-year picture for UPL will depend on the quarters still to be reported. This UPL Q2 Results results analysis shows revenue of Rs 11,860 Cr and net profit of Rs 421 Cr for the second quarter, and the remaining quarters will add to or change that base.

No management guidance is part of the information used here, so the outlook rests on what later filings disclose. UPL Q2 Results FY27 give a reference point, and a comparison of net profit in the third quarter with the Rs 421 Cr reported now will show how the year is shaping up, a point that leads into the risks.

Key Risks to Watch After UPL Q2 Results FY27

Revenue Decline

Revenue declined 1.3% year on year to Rs 11,860 Cr in the latest quarter. A continued YoY growth decline in revenue would weigh on the top line in the quarters that follow.

Net Profit Decline

Net profit fell 23.9% year on year to Rs 421 Cr. After UPL Q2 Results FY27, the pace of this fall is the figure to compare against when the next quarter is reported.

Narrower Margin and Return on Equity

Net profit margin narrowed to 3.5% from 4.6% in the comparison quarter, while return on equity was low at 6.95% in FY26. Both measures bear watching in later disclosures.

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Conclusion

The quarterly results from UPL show revenue of Rs 11,860 Cr and net profit of Rs 421 Cr, both lower YoY. UPL Q2 Results FY27 also show a sequential rise in revenue. This UPL Q2 Results summary leaves investors to follow the next filings on the Univest app and Univest Screener, and to consult a SEBI-registered advisor before acting.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.

Frequently Asked Questions on UPL Q2 Results FY27

What are UPL Q2 Results FY27?

Ans. UPL Q2 Results FY27 cover the July to September 2026 quarter, with revenue of Rs 11,860 Cr and net profit of Rs 421 Cr, so the Quick Answer summarises both lines for the quarter.

What is the results date for UPL Q2 Results FY27?

Ans. The results date for UPL Q2 Results FY27 is 2 November 2026, which means UPL declared its second-quarter FY27 numbers on that day, as noted in the opening section.

What revenue was reported in UPL Q2 Results FY27?

Ans. UPL reported revenue of Rs 11,860 Cr in the second quarter of FY27, compared with Rs 12,019 Cr a year earlier, as shown in the Financial Highlights table.

What net profit was reported in UPL Q2 Results FY27?

Ans. UPL reported net profit of Rs 421 Cr in the quarter, while the same quarter last year showed Rs 553 Cr, as the Performance Analysis explains in detail.

How much YoY growth did revenue show in UPL Q2 Results FY27?

Ans. Revenue showed YoY growth of minus 1.32%, a decline from Rs 12,019 Cr to Rs 11,860 Cr, which means the top line was slightly lower, as the Key Takeaways show.

Did net profit rise or fall in UPL Q2 Results?

Ans. Net profit fell 23.87% YoY to Rs 421 Cr in the quarter, so the decline outpaced the 1.32% drop in revenue, a gap the Performance Analysis section covers.

What was the net profit margin in UPL Q2 Results FY27?

Ans. UPL posted a net profit margin of 3.5% in the quarter, narrower than 4.6% in the comparison quarter, which is why the risks section flags the margin.

How did revenue compare quarter on quarter in UPL Q2 Results?

Ans. Revenue was up 16.5% quarter on quarter from Rs 10,181 Cr to Rs 11,860 Cr, while the YoY figure is lower, as the Key Business Factors section describes.

What business factors shaped UPL Q2 Results FY27?

Ans. The supplied factors are the 16.5% sequential revenue rise, net profit up from Rs 10 Cr in the prior quarter, and return on equity of 6.95% in FY26, as the business factors section lists.

What are the key risks after UPL Q2 Results FY27?

Ans. The risks are lower YoY revenue, a 23.9% fall in net profit, a narrower net profit margin and low return on equity of 6.95%, which the Key Risks section details.

What is the outlook after UPL Q2 Results?

Ans. The FY27 outlook depends on the coming quarters, so net profit of Rs 421 Cr serves as the reference point, alongside the discussion in the FY27 Outlook section.

Where can I find the complete UPL Q2 Results FY27 data?

Ans. The complete figures sit in the Financial Highlights table above, while the Univest app and Univest Screener let you follow UPL and its later filings, as the Conclusion notes.

Author: Harsh Piplani

I am Harsh Piplani, an Assistant Content Manager with over 5 years of experience in crafting impactful, result-driven content. I hold a B.Com (Hons) degree and have worked across diverse industries, including education, fintech, healthcare, jewellery, and more. I specialise in content strategy, SEO, and optimisation, ensuring that every piece I create is not just well-written but also well-ranked. I believe content should do more than fill space so as to drive traffic, build authority, and support business growth. I enjoy turning complex ideas into clear, engaging narratives, and, as I like to say, I know how to spin words like a web to influence, structured, strategic, and impossible to ignore. For me, great content sits at the intersection of creativity and performance.