Excel Crop Care, engaged in the manufacture of agrochemicals, swung to loss
for the quarter ended December 2008. During the quarter, the company
reported loss of Rs 42.60 million compared with a profit of Rs 20.10 million
in the same quarter last year.

Net sales declined marginally 7.63% to Rs 1,097 million, while total income
for the quarter fell 7.70% to Rs 1,113.29 million, when compared with the
prior year period.

The company reported loss of Rs 3.87 a share during the quarter compared
with earnings of Rs 1.83 a share in previous year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 1,096.75 1,187.40 (7.63) *Net Profit* (42.60) 20.10 -
*Basic EPS* (3.87) 1.83 -

During the quarter, the interest cost increased 52.24% to Rs 37.45 million
while depreciation cost fell 2.31% to Rs 16.51 million over previous year
period.

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