ALFA Finder
The call ran from 1:31 PM to 2:19 PM IST (48 min).
Key takeaways
Q2 revenue rose only 1.6% on a weak agro monsoon, but EBITDA margin widened to 13.3% on mix and procurement. Management guided subdued agro demand and H2 cost pressure, with no numeric outlook.
| Revenue growth | Q2 revenue +1.6% YoY to ₹274.6 Cr; H1 down 2%. |
|---|---|
| Margins | Q2 EBITDA margin 13.3% vs 11.1%; partly low-cost inventory driven. |
| Demand visibility | Agro demand subdued into Q3; monsoon at 87% of normal. |
| Management confidence | Balanced; upbeat on diversification, cautious on Q3 demand. |
Growth
Q2 revenue +1.6% to ₹274.6 Cr; EBITDA +21.5%, PAT +42%. Margin gains partly from low-cost inventory, not purely structural.
Outlook
No numeric guidance; ROC target 15–20%, Q3 and Q4 FY27 launches, Q3 seasonal dip expected.
Risks
Agro demand weak into Q3; raw material volatility and shipping disruption pressure H2 costs.
Last quarter's promises, checked
Partly delivered
- Guided 2,530 tpa biocide capacity operational H2 FY26 → mgmt says operational; no volume data this quarter (= PARTIAL)
- Guided ₹200–300 Cr capex over 3 yrs → about half of planned capex committed; no ₹ spend or timeline (= PARTIAL)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Excel Industries Q2 FY27 Results: Net Profit ₹28.9 Cr, Up 36.3% YoY
Excel Industries Ltd reported revenue from operations of ₹274.7 Cr (+1.7% YoY) and net profit of ₹28.9 Cr (+36.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹28.9 Cr · +36.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
₹200-300cr capex over 3 years; biocide capacity addition operational; new contract manufacturing line starting July 2026.
Growth they described
FY26 Net Operating Revenue ₹1,094cr (+11.8%); PAT ₹73cr; Adjusted EBITDA ₹112cr (10.1% margin).
Call details
| Company | Excel Industries Ltd |
|---|---|
| NSE symbol | EXCELINDUS |
| ISIN | INE369A01029 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 1:30 PM IST |
| Length | 48 min |
| Audio | Our stream on YouTube ↗ |
Excel Industries Ltd: key numbers
- Share price
- ₹983.10
- Market cap
- ₹1,236 Cr
- Revenue (annual)
- ₹1,095 Cr
- Net profit (annual)
- ₹75.67 Cr
- P/E (TTM)
- 15.6×Sector 28.2×
- Promoter holding
- 51.86%+0.00% QoQ
- FII holding
- 1.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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