Excel Industries Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 07, 2018 at 05:26 pm IST
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Excel Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company revenue from operations of INR 1,467.665 million compared to INR 998.093 million a year ago. Profit before exceptional items and tax from continuing operations and profit before tax was INR 264.683 million compared to INR 16.437 million a year ago. Prom for the period from continuing operations (after tax) was INR 187.657 million or INR 14.93 per basic and diluted share compared to INR 10.663 million or INR 0.85 per basic and diluted share a year ago. Profit for the period was INR 195.626 million or INR 15.56 per basic and diluted share compared to INR 11.768 million or INR 0.94 per basic and diluted share a year ago.
For the nine months, the company revenue from operations of INR 4,111.459 million compared to INR 3,611.932 million a year ago. Profit before exceptional items and tax from continuing operations and profit before tax was INR 545.313 million compared to INR 264.086 million a year ago. Prom for the period from continuing operations (after tax) was INR 376.936 million or INR 29.99 per basic and diluted share compared to INR 194.744 million or INR 15.42 per basic and diluted share a year ago. Profit for the period was INR 384.353 million or INR 30.58 per basic and diluted share compared to INR 199.157 million or INR 15.77 per basic and diluted share a year ago.
Excel Industries Limited is an India-based company that is engaged in chemical and environment management business. The Company is engaged in the manufacturing and selling of chemicals, and environmental and biotech products and services. Its chemicals products comprise agrochemical intermediates, specialty chemicals, pesticides intermediates, polymer additives, and pharma intermediates and active pharma ingredients. Its environmental and biotech products comprise organic waste management composting, municipal solid waste management, plastic waste management and construction and demolition waste management. The Company caters to both domestic and international markets. It is also engaged in manufacturing activity on behalf of third parties. It manufactures agrochem intermediates, such as P2S5, PSCl3, DETC, DMTC, DMPAT, and NaTCP. The Company manufactures specialty chemicals, such as acetyl chloride, specialty mining additives, phenolic and non-phenolic biocides, and phenyl hydrazine.