Excel Crop Care sales up 27% in Q1 2015

Excel Crop Care posted an excellent set of numbers for the first quarter of fiscal 2015 ended June, 2014. The total income for the company was 27 percent at Rs 329 crore versus Rs 260 crore year on year (Y-o-Y). 

 

The EBITDA up 63 percent at Rs 49 crore versus Rs 30 crore Y-o-Y. Margins for the quarter stood at 15 percent versus 11.5 percent Y-o-Y and the net profit was up 68 percent at Rs 33 crore versus Rs 19.5 crore Y-o-Y. 

 

However, Ninad D Gupte, Joint MD, Excel Crop Care said the margins for the third and fourth quarter are likely to soften because they are traditionally lean quarters as compared to the first and second quarter. 

 

The company’s research and development (R&D) team is dedicated in the manufacturing of solvents that are away from petroleum-based products. The company has invested substantially in R&D in the last two years, said Gupte. Moreover, they also have an ongoing research programme for generic portfolio, he added.