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Apcotex Industries (APCOTEXIND) investor relations material
Apcotex Industries Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 volumes grew 10% year-over-year, but operating revenue declined 7% due to lower raw material and finished goods prices.
Operating EBITDA rose 61% year-over-year to INR 44 crore, with margin expanding to 13.12%.
Profit after tax for Q3 increased 91% year-over-year to INR 22 crore, with a PAT margin of 6.7%.
Nine-month volumes reached record highs, up 15% year-over-year, and export volumes up 21%.
Interim dividend of INR 2.50 per share approved for FY 2025-26.
Financial highlights
Q3 FY26 operating revenue: INR 332 crore (down 7% year-over-year); EBITDA: INR 44 crore (up 61% year-over-year); PAT: INR 22 crore (up 91% year-over-year); PAT margin: 6.7%.
9M FY26 operating revenue: INR 1,044 crore (broadly stable year-over-year); EBITDA: INR 123 crore (up 42% year-over-year); PAT: INR 67 crore (up 79% year-over-year); PAT margin: 6.39%.
EPS for Q3 FY26 was INR 4.28, up 91.9% year-over-year.
Net profit margin improved to 6.39% for 9M FY26, up 281 bps year-over-year.
Debt reduced by INR 94 crore during the nine months.
Outlook and guidance
Management expects further margin improvement as capacity utilization increases.
EBITDA margins are expected to remain in the 12%-16% range, with potential for further improvement.
Expansion projects are on track, with new capacities expected to add INR 550-600 crore to top line by FY27.
Full utilization in nitrile latex and NBR expected next year; further expansion will depend on market conditions.
The company continues to monitor the impact of new labour codes and will account for any future changes as required.
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