Excel Crop reaps a bounty

Excel Crop Care has been gaining for the last 3 days and has risen 10.76% in the period. Today, it opened with a gain of 5% at Rs.3275, going on to hit an intra day high at Rs.3362, up almost 8%.

The market is very enthused with its earnings for Q4FY19. The company posted a 32% (YoY) rise in revenue at Rs.273 crore and net profit was at Rs.5 crore v/s loss of Rs.52 lakhs.

Its operating profit jumped up sharply from Rs.5 crore to Rs.12 crore and margins doubled up from 2.3% to 4.3%.