Excel Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, showcasing robust performance across key financial metrics. The company delivered strong growth in profitability and revenue, demonstrating effective operational execution during the quarter.

Financial Performance Overview

The company's Q3FY26 standalone results reflected impressive growth momentum with significant improvements in both top-line and bottom-line performance. Excel Industries achieved substantial year-over-year growth across all major financial parameters.

Profitability and Margin Analysis

Excel Industries demonstrated strong profitability growth with net profit reaching ₹83.99 crores compared to ₹63.96 crores in the corresponding quarter of the previous year. This represents a substantial increase of 31.31%, indicating improved operational efficiency and effective cost management strategies.

The company's revenue from operations grew to ₹2,334.53 crores from ₹1,964.10 crores, marking an 18.87% year-over-year increase. Total income for the quarter stood at ₹2,383.13 crores, up from ₹2,014.75 crores in Q3FY25.

Earnings Per Share Performance

The company's earnings per share (EPS) for the quarter improved significantly, reflecting the strong bottom-line performance. With a paid-up equity share capital of ₹62.85 crores (face value of ₹5 per share), the enhanced profitability translated into better returns for shareholders.

Regulatory Compliance and Corporate Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 3, 2026. The results have been prepared in compliance with Indian Accounting Standards (Ind AS) and reviewed by Price Waterhouse Chartered Accountants LLP, ensuring adherence to regulatory requirements and maintaining transparency in financial reporting.

Excel Industries , a prominent player in the chemical industry, has announced a significant corporate action involving its wholly-owned subsidiaries. The company disclosed that Kamaljyot Investments Limited (KIL) and Excel Bio Resources Limited (EBRL) have sold their entire stakes in Mobitrash Recycle Ventures Private Limited (MRVPL).

Key Details of the Transaction

• Sellers: Kamaljyot Investments Limited and Excel Bio Resources Limited
• Buyer: Mr. Ashwin C. Shroff (Promoter of Excel Industries)
• Stakes Sold: 19.99% each (1,999 shares per subsidiary)
• Sale Price: Rs. 19,990 per subsidiary
• Transaction Date: November 21, 2025

Impact on Excel Industries

As a result of this divestment, Mobitrash Recycle Ventures Private Limited has ceased to be an associate company of Excel Industries Limited. This change in status became effective from November 21, 2025.

Financial Implications

To provide context on the financial impact of this divestment, here's a breakdown of MRVPL's contribution to Excel Industries' financials for the fiscal year ending March 31, 2025:

Related Party Transaction

The company has confirmed that this transaction falls under the category of a related party transaction, as the buyer, Mr. Ashwin C. Shroff, is a promoter of Excel Industries. However, the company has stated that the transaction was conducted at arm's length.

Regulatory Compliance

Excel Industries has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the SEBI Master Circular dated July 11, 2023, as modified on July 13, 2023, regarding disclosure requirements.

This strategic move by Excel Industries to divest its indirect stake in Mobitrash Recycle Ventures may be part of the company's efforts to streamline its investment portfolio. Investors and market watchers will likely be keen to observe how this divestment impacts Excel Industries' future financial performance and strategic direction.