Excel Industries has reported a robust financial performance for the first quarter, with significant growth in revenue and profitability. The company's strategic focus on its agro-intermediates segment and export markets has yielded positive results.

Revenue Growth

Excel Industries achieved a revenue of ₹309.00 crores in Q1, marking a substantial 25% increase compared to the previous quarter. This growth was primarily attributed to improved demand in the agro-intermediates segment, which forms a core part of the company's product portfolio.

Export Performance

The company's export business showed strong momentum, accounting for 22% of the total revenue during the quarter. Notably, exports grew by an impressive 38% over the previous quarter, indicating Excel's growing presence in international markets.

Profitability Improvement

Excel Industries witnessed a significant improvement in its profitability metrics:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) more than doubled to ₹42.00 crores, with the EBITDA margin expanding significantly to 13.70% from 8.00% in the previous quarter. This improvement was supported by better price realization and improved demand across key segments.

Profit After Tax (PAT) showed an even more impressive growth, reaching ₹34.00 crores with a margin of 10.80%, compared to ₹11.00 crores and 4.60% in the previous quarter.

Market Position and Strategy

Excel Industries continues to maintain its market share in key products while focusing on diversifying its product portfolio. The company operates manufacturing facilities at Roha, Lote, and Vishakhapatnam, producing a wide range of products including agrochemical intermediates, specialty chemicals, polymer inputs, pharmaceutical intermediates, and APIs (Active Pharmaceutical Ingredients).

Investor Presentation Highlights

As per the investor presentation filed with the stock exchanges, Excel Industries highlighted several key points:

1. The company's gross profit margin remained stable at 45.60% in Q1, compared to 45.20% in the previous quarter.
2. Other income increased to ₹11.80 crores in Q1 from ₹4.40 crores in the previous quarter.
3. The company's earnings per share (EPS) for Q1 stood at ₹26.70, a significant improvement from ₹9.05 in the previous quarter.

Excel Industries' strong performance in Q1 demonstrates its resilience and ability to capitalize on market opportunities, particularly in the agro-intermediates segment and export markets. The company's focus on maintaining market share in key products while diversifying its portfolio positions it well for sustained growth in the coming quarters.

Excel Industries Ltd. (ISIN: INE369A01029) has announced its financial results for the fourth quarter of the fiscal year, showcasing a remarkable improvement in its performance. The company's consolidated net profit soared by 85% year-over-year, reaching ₹124.00 crore compared to ₹67.00 crore in the same quarter last year.

Financial Highlights

• Revenue Growth: Excel Industries reported a revenue increase to ₹2,500.00 crore in Q4, up from ₹2,300.00 crore in the corresponding quarter of the previous year, marking an 8.7% growth.

• EBITDA Performance: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) improved to ₹196.00 crore, with a healthy margin of 7.90%.

• Quarterly Comparison: Comparing the latest quarter to the previous one, there's a significant improvement in performance:

  • Net profit increased from ₹6.40 crore to ₹124.00 crore
  • Revenue rose from ₹201.50 crore to ₹2,500.00 crore
  • EBITDA jumped from ₹17.40 crore to ₹196.00 crore

Dividend Announcement

In a move that will likely please shareholders, Excel Industries has recommended a dividend of ₹13.75 per equity share. This announcement comes as a positive signal, reflecting the company's strong financial position and commitment to delivering value to its investors.

Annual Performance Overview

While the quarterly results show significant improvement, it's important to note the company's performance over the full fiscal year:

Despite the strong Q4 performance, the annual figures indicate that Excel Industries faced challenges throughout the year, with declines across key financial metrics compared to the previous fiscal year.

Conclusion

Excel Industries' Q4 results demonstrate a robust recovery and strong finish to the fiscal year, despite overall annual performance being lower than the previous year. The significant increase in quarterly net profit and revenue, coupled with an attractive dividend recommendation, positions the company positively as it moves into the new fiscal year. Investors and stakeholders will likely be watching closely to see if this upward trend continues in the coming quarters.