Q2 2026 Excel Industries Ltd Earnings Call Transcript
Key Points
- Excel Industries Ltd (BOM:500650) has signed a binding term sheet with a reputed Indian specialty chemical company for a long-term contract manufacturing and supply agreement, expected to generate significant annual revenue.
- The company successfully commissioned a capacity expansion of a key biocide product in October 2025, which is expected to contribute to future revenue growth.
- Excel Industries Ltd (BOM:500650) has commenced initial supplies under a long-term supply arrangement with a leading multinational company, indicating strong partnerships.
- The new R&D center is on track to become operational in Q3 FY26, reflecting the company's commitment to innovation and long-term value creation.
- The company maintains a strong focus on sustainability and environmental, health, and safety standards, which are central to its growth philosophy.
- The company's revenue for Q2 FY26 declined to INR270 crore from INR310 crore in Q1 FY26, primarily due to subdued demand in the agrochemical segment.
- EBITDA for the quarter decreased by 29% sequentially, from INR42 crore to INR30 crore, indicating margin pressures.
- Profit after tax for Q2 FY26 fell to INR19 crore from INR34 crore in the previous quarter, reflecting a significant decline in profitability.
- Inventory levels in the agrochemical segment have increased by 15% to 20% from the previous quarter, indicating potential challenges in inventory management.
- Export contributions declined this quarter due to lower demand in key markets, impacting overall revenue.
Ladies and gentlemen, good day and welcome to the Excel Industries Limited Q2 and H1 FY26 earnings conference call hosted by MUFG Intime. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Pooja Swami from MUFG Intime. Thank you and over to you, ma'am.
Thank you, [Rio]. Good evening, everyone. Welcome to the Q2 and H1FY26 earnings conference call of Excel Industries Limited.
Today on the call, we have with us Mr. Ravi Shroff, Managing Director; Mr. Pradeep Ghattu, President and COO; and Mr. Devendra Doshi, CFO.
This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions, and expectations as of today. Actual results may differ materially. These statements are not the guarantees of a future performance and involve risks and uncertainties that are difficult to predict. A detailed Safe Harbor statement is given on page 2 of the investor presentation of company, which has been
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