Net profit of Excel Industries rose 3776.14% to Rs 34.11 crore in the quarter ended March 2018 as against Rs 0.88 crore during the previous quarter ended March 2017. Sales rose 57.43% to Rs 183.00 crore in the quarter ended March 2018 as against Rs 116.24 crore during the previous quarter ended March 2017.

For the full year,net profit rose 248.75% to Rs 72.54 crore in the year ended March 2018 as against Rs 20.80 crore during the previous year ended March 2017. Sales rose 30.54% to Rs 581.79 crore in the year ended March 2018 as against Rs 445.69 crore during the previous year ended March 2017.

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The result was announced after market hours yesterday, 7 February 2018.

Meanwhile, the S&P BSE Sensex was up 440.97 points, or 1.29% at 34,523.68. The S&P BSE Small-Cap index was up 369.46 points, or 2.08% at 18,101.09.

On the BSE, 60,000 shares were traded on the counter so far as against the average daily volumes of 7,546 shares in the past one quarter. The stock had hit a high of Rs 885 so far during the day, its record high. The stock had hit a low of Rs 777 so far during the day. The stock had hit a 52-week low of Rs 343.30 on 28 June 2017.

The stock had outperformed the market over the past 30 days till 7 February 2018, rising 2.18% compared with the Sensex's 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 44.83% as against the Sensex's 2.5% rise. The scrip had also outperformed the market over the past one year, surging 96.52% as against the Sensex's 20.48% rise.

The small-cap company has equity capital of Rs 6.29 crore. Face value per share is Rs 5.

Excel Industries is engaged in the manufacture of a range of speciality and performance chemicals.

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Excel Industries has received upgradation in credit ratings from CRISIL as under -

Term bank loan facilities - Rs 174.5 crore
Long term rating - CRISIL A/ Stable (Upgraded from CRISIL A-/Stable)
Short term rating - CRISIL A1 (Upgraded from CRISIL A2+)

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Excel Industries will hold a meeting of the Board of Directors of the Company on 24 November 2017, to approve the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2017.

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