Apcotex Industries (APCOTEXIND) investor relations material

Executive summary

• Achieved highest-ever quarterly revenue of INR 5,256 crore (₹52,563.35 lakhs) in Q1 FY27, up 40% year-over-year, driven by improved price realizations despite lower sales volumes.

• Recorded all-time high EBITDA, profit before tax, and profit after tax, reflecting strong operational execution and resilience.

• Domestic volumes grew by 10% while overall volumes declined 10-12% due to export disruptions from geopolitical issues in West Asia.

• Leading Indian producer of synthetic rubber and latex, with broad emulsion polymer offerings and a global presence.

• Recognized among Forbes Asia's Best Under A Billion 2023.

Financial highlights

• Operating EBITDA reached INR 117 crore (₹1,171 Mn), up 203% year-over-year, with margins improving to 22.3% from 10.3%.

• Profit after tax was INR 79 crore (₹7,893.93 lakhs), up 311% year-over-year, with PAT margin rising to 15.01% from 5.11%.

• Diluted EPS for Q1 FY27 was INR 15.23, up 311.6% YoY.

• Inventory gains contributed approximately 2% to EBITDA margin.

• Working capital requirements increased due to higher raw material prices and inventory values.

Outlook and guidance

• Management expects average EBITDA margins of 15-16% over the medium term, acknowledging that Q1 margins were unusually high.

• Strategic capital expenditure projects underway to support future growth, capacity expansion, and operational efficiency.

• Nitrile latex margins have improved but are not yet at pre-COVID sustainable levels; further normalization expected in coming quarters.

• CapEx projects to add INR 600 crore to top line are on track for phased commissioning in Q1 FY28.

• Continued focus on disciplined execution and long-term growth.