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 Limited has received board approval for the reclassification of promoter group member Malti D. Bhatia to public shareholder status. The company's Board of Directors approved the request on February 3, 2026, following the initial application submitted on January 28, 2026.

Board Approval and Resolution

The Board of Directors at their meeting held on February 3, 2026, considered and approved Bhatia's reclassification request from promoter group category to public category. The approval is subject to consent from stock exchanges where the company's equity shares are listed - BSE and NSE - and any other required regulatory approvals.

Regulatory Compliance Framework

The board confirmed that Bhatia's application complies with all requirements under Regulation 31A(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In her application, Bhatia provided comprehensive confirmations regarding regulatory compliance.

Key compliance confirmations include:

• Does not hold more than 10% of total voting rights
• Does not exercise control over company affairs directly or indirectly
• Has no special rights through formal or informal arrangements
• Not represented on the board of directors
• Does not act as key managerial person
• Not a wilful defaulter per RBI Guidelines
• Not a fugitive economic offender

Post-Reclassification Undertakings

Bhatia committed to ongoing compliance with SEBI regulations following reclassification. She undertook to continue complying with sub-clauses (i), (ii) and (iii) of Regulation 31A(3) at all times from the reclassification date.

The applicant also confirmed no pending regulatory action against her and accepted automatic reclassification as promoter group member if conditions are violated.

Stock Exchange Communication

Company Secretary S K Singhvi digitally signed the notification to BSE and NSE on February 3, 2026. The communication referenced BSE Scrip Code 500650 and NSE Scrip Code EXCELINDUS, informing stock exchanges of the board's decision and requesting their approval.

The company has made the board meeting extract and complete application available to stock exchanges for review. This information will also be made available on the company's website at www.excelind.co.in as part of standard disclosure requirements.