Excel Crop Care Q2 sales up 26%
Indian agrochemical company Excel Crop Care (Mumbai) recorded strong growth in its second quarter ended September 30th 2012, with revenues rising by 25.8% to Rs 2,066.1 million ($37.2 million at the current rate). Following on the 30.7% growth in the first quarter, six-month sales were up by 28.2% to Rs 4,161.7 million ($74.9 million). However, in stark contrast to the 74.8% boost in net profit in the first quarter, second-quarter net profit fell 8.9% to Rs 76 million ($1.4 million). Net profit for the six months was up by 27.1% to Rs 185.5 million ($3.3 million).