Excel Crop Care tanks on dull Q3
By
Research Desk
about 9 years ago
The market is not too enthused with the Q3FY15 numbers of Excel Crop Care and understandably, the stock is down currently 5% at Rs.990.75, with an intra day low at Rs.932.65. Volumes are up over 8 times.
The company posted a set of dismal numbers for the third quarter with net profit tanking by a huge 93% (YoY) at Rs.98 lakh and the culprit for this slump in bottomline can be blamed directly on the 19% fall in net sales at Rs.165 crore.
As mentioned in our Market Whispers column,Rallis also posted a dull set of numbers yesterday and there is now anxiety that peer group stocks like Insecticides, Dhanuka Agri, Excel Industries, UPL, PI Industries may also rule weak on fear of dull Q3 numbers ahead.