Excel Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 08:45 am EDT
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Excel Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,260.9 million compared to INR 3,646.65 million a year ago. Revenue was INR 2,286.79 million compared to INR 3,658.88 million a year ago. Net income was INR 21.63 million compared to INR 447.87 million a year ago. Basic earnings per share from continuing operations was INR 1.72 compared to INR 35.63 a year ago. Diluted earnings per share from continuing operations was INR 1.72 compared to INR 35.63 a year ago.
For the full year, sales was INR 10,898.19 million compared to INR 11,780.2 million a year ago. Revenue was INR 11,026.85 million compared to INR 11,936.56 million a year ago. Net income was INR 799.36 million compared to INR 1,612.03 million a year ago. Basic earnings per share from continuing operations was INR 63.59 compared to INR 128.24 a year ago. Diluted earnings per share from continuing operations was INR 63.59 compared to INR 128.24 a year ago.
Excel Industries Limited is an India-based company that is engaged in chemical and environment management business. The Company is engaged in the manufacturing and selling of chemicals, and environmental and biotech products and services. Its chemicals products comprise agrochemical intermediates, specialty chemicals, pesticides intermediates, polymer additives, and pharma intermediates and active pharma ingredients. Its environmental and biotech products comprise organic waste management composting, municipal solid waste management, plastic waste management and construction and demolition waste management. The Company caters to both domestic and international markets. It is also engaged in manufacturing activity on behalf of third parties. It manufactures agrochem intermediates, such as P2S5, PSCl3, DETC, DMTC, DMPAT, and NaTCP. The Company manufactures specialty chemicals, such as acetyl chloride, specialty mining additives, phenolic and non-phenolic biocides, and phenyl hydrazine.
EXCEL INDUSTRIES LIMITED 
