Covid-induced disruptions impacted the Q1 performance of Excel Industries (CMP: Rs 906; Market cap: Rs 1,139 crore). The company reported a YoY dip in revenue, profits and margins. Price erosion in some key products led to lower realizations and closing down of manufacturing units impacted operations. While the current quarter was a challenging one, the company expects the situation to improve with gradual stabilization at production units. It remains a beneficiary of a shift in demand for chemicals from China....
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