Excel Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 10, 2023 at 08:07 am EST
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Excel Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,229.66 million compared to INR 3,505.24 million a year ago. Revenue was INR 2,248.76 million compared to INR 3,586.5 million a year ago. Net income was INR 186.85 million compared to INR 778.5 million a year ago. Basic earnings per share from continuing operations was INR 14.86 compared to INR 61.93 a year ago. Diluted earnings per share from continuing operations was INR 14.86 compared to INR 61.93 a year ago.
For the nine months, sales was INR 8,637.29 million compared to INR 8,133.54 million a year ago. Revenue was INR 8,740.06 million compared to INR 8,277.68 million a year ago. Net income was INR 777.72 million compared to INR 1,164.15 million a year ago. Basic earnings per share from continuing operations was INR 61.87 compared to INR 92.61 a year ago. Diluted earnings per share from continuing operations was INR 61.87 compared to INR 92.61 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 
