Excel Industries reported strong YoY performance in Dec 2025, with sales up 19%, EBITDA rising 30%, and net profit growing 36%, reflecting improved operating leverage. EPS increased to Rs. 6.71 from Rs. 4.93 last year. Despite sequential moderation from the Sep quarter, profitability remains healthy, with the stock trading at a reasonable P/E of 15.3 and a market cap of Rs. 1,161 crore.