UPL Ltd reports 26% fall in Q2 profit to ₹452 cr amid lower sales
UPL moved lower in a quarterly results development.
· BS Companies
UPL Ltd reported a 26.14% year-on-year decline in Q2 net profit to ₹452 crore as lower sales and challenging global conditions weighed on performance.
The analysis
UPL reported ₹452 cr and ₹452 crore, with movement of 26% and 26.14% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.5% on the day at ₹516.10, and has returned -14.6% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The chemicals sector has moved -12.9% over the same period, so UPL is running 1.7 points behind its peers.
For UPL, the question is how much of this is already reflected in the price and how much re-rates the chemicals peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: UPL (UPL), in Chemicals.
- Over three months: UPL -14.6% against Chemicals -12.9% (1.7 points behind).
- At least 25% below the 52-week high: UPL (36%).
- Trading well above normal today: UPL at 2.3 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| UPLUPL · Chemicals | ₹516.10 | +0.5% | -0.1% | -14.6% | -35.9% | 2.3× | — |
Chemicals
1M -7.8% · 3M -12.9%
UPL
Prices as of 2 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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