Strong Q2 growth for Excel Crop Care
Indian agrochemical company Excel Crop Care (Mumbai) posted sales of Rs 2,643.5 million ($53.8 million at current rate) in the second quarter ended September 30th 2008, showing growth of 69.1% over the corresponding quarter last year. Profit before interest and exceptional items grew 49% to Rs 252 million ($5.1 million). Half-year sales were up 62.4% to Rs 4,971.2 million ($101.3 million), and the company’s year-on-year exports more than doubled to Rs 1,876.2 million ($38.2 million) in the first half. Excel Crop Care obtained the agricultural input marketing business of Excel Industries in 2007 ( Agrow No 522, p 3).