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Revenue showed a marginal decline at Rs. 1894.53 millions. For the quarter ended June 2019, as compared to corresponding quarter of last year.A slender decline of -29.92% was recorded to Rs. 272.33 millions from Rs. 388.58 millions in the corresponding previous quarter.Operating Profit reported a sharp decline to 465.24 millions from 626.65 millions in the corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201906 201806 % Var 201906 201806 % Var 201903 201803 % Var Sales 1894.53 1946.52 -2.67 1894.53 1946.52 -2.67 8060.03 5941.45 35.66 Other Income 44.67 25.12 77.83 44.67 25.12 77.83 43.96 37.28 17.92 PBIDT 465.24 626.65 -25.76 465.24 626.65 -25.76 2527.49 1270.57 98.93 Interest 5.66 4.82 17.43 5.66 4.82 17.43 24.36 58.17 -58.12 PBDT 459.58 621.83 -26.09 459.58 621.83 -26.09 2503.13 1212.40 106.46 Depreciation 49.94 43.74 14.17 49.94 43.74 14.17 177.95 149.40 19.11 PBT 409.64 578.09 -29.14 409.64 578.09 -29.14 2325.18 1063.01 118.74 TAX 137.31 189.51 -27.54 137.31 189.51 -27.54 806.14 332.34 142.56 Deferred Tax 9.99 3.30 202.73 9.99 3.30 202.73 47.49 66.14 -28.20 PAT 272.33 388.58 -29.92 272.33 388.58 -29.92 1519.04 730.67 107.90 Equity 62.85 62.85 0.00 62.85 62.85 0.00 62.85 62.85 0.00 PBIDTM(%) 24.56 32.19 -23.72 24.56 32.19 -23.72 31.36 21.39 46.64
Excel Industries is currently trading at Rs. 964.95, up by 22.60 points or 2.91% from its previous closing of Rs. 937.15 on the BSE.The scrip opened at Rs. 955.00 and has touched a high and low of Rs. 985.00 and Rs. 943.60 respectively. So far 3070 shares were traded on the counter.The BSE group `B` stock of face value Rs. 5 has touched a 52 week high of Rs. 1906.95 on 17-Sep-2018 and a 52 week low of Rs. 924.20 on 19-Feb-2019.Last one week high and low of the scrip stood at Rs. 985.00 and Rs. 933.65 respectively. The current market cap of the company is Rs. 1223.51 crore.The promoters holding in the company stood at 52.38%, while Institutions and Non-Institutions held 8.61% and 39.02% respectively.Excel Industries has received approval for acquisition of a chemical manufacturing unit of NetMatrix Crop Care located at Andhra Pradesh Special Economic Zone, Visakhapatnam in the state of Andhra Pradesh as a going concern by way of slump sale. The cost of acquisition is Rs 95 crore. The Board of Directors of the Company at its meeting held on June 27, 2019 has approved the same. Excel Industries is engaged in the manufacturing of Agrochemical intermediates, phosphates, speciality chemicals, biocides and pharma products.
The sales figure stood at Rs. 1907.85 millions for the June 2018 quarter. The mentioned figure indicates a growth of about 41.81% as compared to Rs. 1345.36 millions during the year-ago period.The Net Profit of the company vaulted to 398.08% to Rs. 387.31 millions from Rs. 77.76 millions in the previous quarter.The company reported a good operating profit of 623.96 millions compared to 164.68 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 1907.85 1345.36 41.81 1907.85 1345.36 41.81 5941.45 4872.72 21.93 Other Income 24.90 30.91 -19.44 24.90 30.91 -19.44 37.28 98.05 -61.98 PBIDT 623.96 164.68 278.89 623.96 164.68 278.89 1270.57 517.30 145.62 Interest 4.82 15.86 -69.61 4.82 15.86 -69.61 58.17 98.69 -41.06 PBDT 619.14 148.82 316.03 619.14 148.82 316.03 1212.40 418.61 189.63 Depreciation 42.93 36.63 17.20 42.93 36.63 17.20 149.40 139.18 7.34 PBT 576.22 112.20 413.57 576.22 112.20 413.57 1063.01 279.44 280.41 TAX 188.91 34.44 448.52 188.91 34.44 448.52 332.34 68.10 388.02 Deferred Tax 3.30 11.29 -70.77 3.30 11.29 -70.77 66.14 -21.13 -413.01 PAT 387.31 77.76 398.08 387.31 77.76 398.08 730.67 211.34 245.73 Equity 62.85 62.85 0.00 62.85 62.85 0.00 62.85 62.85 0.00 PBIDTM(%) 32.71 12.24 167.17 32.70 12.24 167.18 21.39 10.62 101.43
The quarter ended June 2017 witnessed marginal change in the total revenue. The figure for the mentioned quarter is pegged at Rs. 1343.57 millions.Net profit of the cmpany stood at Rs. 77.76 millions for the quarter ended June 2017 a decline of -33.86% from Rs. 117.56 millions in the same quarter last year.The company reported a degrowth in operating Profit to 167.65 millions from 223.76 millions. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 1343.57 1298.36 3.48 1343.57 1298.36 3.48 4449.94 4345.75 2.40 Other Income 43.20 63.14 -31.58 43.20 63.14 -31.58 80.71 28.22 186.00 PBIDT 167.65 223.76 -25.08 167.65 223.76 -25.08 497.66 643.49 -22.66 Interest 18.82 31.01 -39.31 18.82 31.01 -39.31 113.81 125.42 -9.26 PBDT 148.83 192.75 -22.79 148.83 192.75 -22.79 650.73 518.07 25.61 Depreciation 36.63 32.86 11.47 36.63 32.86 11.47 139.18 148.75 -6.43 PBT 112.20 159.89 -29.83 112.20 159.89 -29.83 511.55 369.32 38.51 TAX 34.44 42.34 -18.66 34.44 42.34 -18.66 62.04 114.88 -46.00 Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 22.19 23.57 -5.85 PAT 77.76 117.56 -33.86 77.76 117.56 -33.86 449.52 254.44 76.67 Equity 62.85 62.85 0.00 62.85 62.85 0.00 62.85 64.53 -2.60 PBIDTM(%) 12.48 17.23 -27.60 12.48 17.23 -27.60 11.18 14.81 -24.47
Excel Industries has informed about Newspaper advertisement regarding dispatch of Postal Ballot Notice.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed that a meeting of the Board of Directors of the Company will be held on July 26, 2016, to consider and approve Unaudited Financial Results of the Company for the quarter ended June 30, 2016. Further, as per the Company’s Code of Conduct for Prevention of Insider Trading, the Trading Window will remain closed from July 18, 2016, 9.00 a.m. to July 28, 2016, 6.00 p.m. for trading in the shares of the Company by designated persons as defined in the Code.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed that the Board of Directors of the Company at its meeting held on March 28, 2016, in accordance with the provisions of Sections 68, 69 and 70 and all other applicable provisions of the Companies Act, 2013 and in terms of Article 22 of the Articles of Association of the Company read together with Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 and amendments thereto, have approved the buy-back of its fully paid-up equity shares of face value of Rs 5 each at a price not exceeding Rs 275 per equity shares for a maximum amount of Rs 18 Crore (excluding brokerage, Transactional charges and taxes, if any) subject to maximum of 1,150,000 equity shares from the existing equity shareholders/ beneficial owners, other than the promoters/ persons who are in control of the Company, from the open market purchases through BSE Limited and National Stock Exchange of India Limited using their nationwide Electronic Trading terminals.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed about Reaffirmation of Credit Rating.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed about the details of voting results of Postal Ballot, under Clause 35A.The above information is a part of company’s filings submitted to BSE.
Excel Industries has informed that the Allotment Committee of Directors of the Company at its meeting held on July 24, 2015 has issued and allotted 8,25,000 fully paid equity shares of Rs. 5 each of the Company at a premium of Rs. 64 per share to Utkarsh Global Holdings (a promoter group company) by conversion of 8,25,000 warrants out of 10,00,000 convertible warrants held by the allottee on preferential basis in terms of Chapter VII of SEBI (ICDR) Regulations, 2009. The equity shares issued and allotted to Utkarsh Global Holdings, by conversion of warrants, shall rank pari passu in all respect with the existing equity shares of the Company and the equity shares shall be locked-in for three years from the date of trading approval granted for such equity shares.The above information is a part of company’s filings submitted to BSE.