It is a broadly described annual report of Excel Industries Limited in the year of 2016-2017. During the financial year, Total assets of the Company stood at Rs. 421,56.53 Lacs. During the year under review, the net sales from continuing operations increased from Rs. 43,457.53 Lacs to Rs. 44,499.42 Lacs, registering an increase of 2.4%. Total expenses of the Company for the year ended rose at Rs. 403,29.90 Lacs. The Company made a profit from its continuing operation before exceptional item and tax Rs. 2,446.75 Lacs compared to Rs. 3,693.21 Lacs in the previous year. Net profit after adjusting net loss from discontinuing operation and exceptional item of Rs. 33.69 Lacs (previous year of Rs. 24.80 Lacs) and Rs. 2,668.78 Lacs respectively amounting to Rs. 4461.49 Lacs as compared to Rs. 2,519.56 Lacs in the previous year registering an increase of 77%. The Earnings per share (EPS) for the year stood at Rs. 35.63 as compared to Rs. 20.25 of last year.
The Board of Directors of the Company has recommended a dividend of Rs. 6 (@120%) per equity share of Face Value of Rs. 5/- each as against the total dividend of Rs. 4.50 (@90%) paid for the previous financial year 2015 -2016.
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