Excel Crop Care sales up 13% in Q2 FY2016-17
Nov. 8, 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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