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Beijing Multigrass Formulation Co., Ltd.

Excel Crop Care sales up 13% in Q2 FY2016-17qrcode

Nov. 8, 2016

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Nov. 8, 2016
Indian agrochemical company Excel Crop Care's sales increased by 13.1% to Rs 274.44 crore in the second quarter ended September 30th 2016.

Net profit grew by 35.54% to Rs 25.21 crore in this quarter, primarily due to other income increasing by 30% yoy and finance cost dropping 54% yoy. The EBITDA increased by 36.4% yoy to Rs 38.2 crore while EBITDA margins improve by 235 bps yoy to 13.8%. This was driven by 90% yoy decline in inventories.

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