 "Excel Industries soars on robust Q2 results")
Excel Industries has soared 15% to Rs 368 after reporting a robust 147% year-on-year (yoy) jump in net profit at Rs 10.74 crore for the quarter ended September 2014 (Q2), on back of strong operational performance. The agrochemicals company had profit of Rs 4.35 crore in the same quarter last year.
Net sales grew by 26% to Rs 130 crore in July-September quarter of the current fiscal from Rs 103 crore a year ago.
EBITDA or operating profit margin improved to 16.7% in September quarter as compared to 10.27% in the corresponding quarter of previous fiscal.
Meanwhile, the board of directors of the company declared an interim dividend of Rs 3/- (60%) per equity share of Rs 5 for the financial year 2014-15.
The company said, the interim dividend will be paid on or before November 28, 2014.
The stock opened at Rs 352 and touched 52-week high of Rs 379 on BSE. A combined 209,839 shares changed hands on the counter till 1040 hours on BSE and NSE.
Net sales grew by 26% to Rs 130 crore in July-September quarter of the current fiscal from Rs 103 crore a year ago.
EBITDA or operating profit margin improved to 16.7% in September quarter as compared to 10.27% in the corresponding quarter of previous fiscal.
Meanwhile, the board of directors of the company declared an interim dividend of Rs 3/- (60%) per equity share of Rs 5 for the financial year 2014-15.
The company said, the interim dividend will be paid on or before November 28, 2014.
The stock opened at Rs 352 and touched 52-week high of Rs 379 on BSE. A combined 209,839 shares changed hands on the counter till 1040 hours on BSE and NSE.