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Excel Crop Care down 5% in Q3

Indian agrochemical company Excel Crop Care (Mumbai) suffered a 4.9% dip in revenues in its third quarter ended December 31st, recording net sales of Rs 1,528.4 million ($28.7 million at the current rate). But the strong 28.2% growth during the previous two quarters ( Agrow No 654, p 5) helped the company register 17.2% growth in nine-month net sales to Rs 5,690 million ($106.9 million). Third-quarter net profit dived by 60.6% to Rs 4.3 million ($81,000), but the decline was offset by a 27.1% rise during the first six months of the current financial year to record a 21% increase in nine-month net profits of Rs 189.8 million ($3.5 million).



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