Excel Crop Care up 30% in Q2
Favourable monsoon rainfall helped Indian agrochemical company Excel Crop Care (Mumbai) record a 30.1% increase in revenues to Rs 2,687.4 million ($43.8 million at the current rate) in its second quarter ended September 30th. Net profit more than trebled (+205.8%) to Rs 232.4 million ($3.8 million). Half-year sales rose by over a quarter (+25.7%) to Rs 5,232.9 million ($85.3 million). Net profit for the six months shot up by 131.1% to Rs 428.7 million ($7 million).