Excel Crop Care has soared over 13% to Rs 118 on reporting a robust 85% year-on-year (yoy) growth in net profit at Rs 10.96 crore for the quarter ended June 2012, on back of higher net sales. The agrochemicals maker had reported a net loss of Rs 8 lakh in March quarter. Total operational income grew 30% at Rs 214 crore on y-o-y basis.
The company has reported operating profit of Rs 21.70 crore in the first quarter of current fiscal, against Rs 2.37 crore in preceding quarter.
The stock opened at Rs 103 and touched high of Rs 119 on the NSE. Around 64,000 shares have changed hands on the counter so far.