Excel Crop Care sales up 13% in Q2 FY2016-17
Date:11-08-2016
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.