Excel Industries Q2 FY27: Revenue up 2%, EBITDA up 22%, PAT up 42%
Excel Industries reported Q2 FY27 results with revenue up 2% YoY to ₹275 Cr, EBITDA up 22% YoY to ₹37 Cr, and PAT up 42% YoY to ₹27 Cr. EBITDA margin improved to 13.3%. For H1 FY27, revenue was ₹568 Cr, EBITDA grew 9% to ₹79 Cr, and PAT rose 7% to ₹56 Cr with an improved EBITDA margin of 13.9%.
The results show positive growth, particularly in EBITDA and PAT, indicating improved profitability and operational efficiency. The diversification strategy appears to be yielding results, which is a positive indicator for future performance.
The company reported positive year-on-year growth in key financial metrics like revenue, EBITDA, and PAT for Q2 FY27, along with improved margins. The MD's statement also indicates a positive outlook driven by diversification strategies.
Excel Industries Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. For the second quarter of fiscal year 2027 (Q2 FY27), the company reported a revenue of ₹275 crore, marking a 2% year-on-year increase. EBITDA saw a significant rise of 22% to ₹37 crore, and Profit After Tax (PAT) grew by 42% to ₹27 crore. The EBITDA margin improved by 220 basis points to 13.3% compared to the same period last year.
For the half-year ended September 30, 2026 (H1 FY27), revenue stood at ₹568 crore, a marginal 2% decrease year-on-year. However, EBITDA increased by 9% to ₹79 crore, and PAT grew by 7% to ₹56 crore. The EBITDA margin for H1 FY27 improved by 140 basis points to 13.9%.
The company attributed its performance to diversification, which helped lift margins despite a weak agrochemical season and underperformance of DETC, a key agrochemical intermediate. Performance Solutions, Contract Manufacturing, and YP Derivatives offset the agro slowdown, with Q2 exports rising to ₹81 crore from ₹47 crore. The company also highlighted its strong sustainability initiatives, achieving an EcoVadis score of 80/100, placing it in the 93rd percentile globally.
Looking ahead to the third quarter (Q3 FY27), the company anticipates that agro demand will likely remain soft, and cost pressures may continue due to raw material price volatility. Excel Industries plans to focus on its growth areas, execute current contracts, build its pipeline, and launch new Performance Solutions products.
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See the model portfoliosA plain-language summary of a public exchange filing by Excel Industries Limited. Read the original for the full detail.