Apcotex Industries (APCOTEXIND) Q4 24/25 earnings summary

Executive summary

• Q4 FY25 operating income reached INR 349 crore, up 12.5% year-over-year, driven by record quarterly and export volumes, which grew 15% and 22% respectively year-over-year.

• FY25 revenue from operations rose 24% year-over-year to INR 1,392 crore, with EBITDA at INR 125 crore (up 9.5% year-over-year) and a 9% EBITDA margin.

• Net profit after tax for FY25 stood at INR 54.06 crore, nearly flat year-over-year, with a PAT margin of 3.89%.

• Board recommended a final dividend of Rs. 4.50 per equity share for FY 2024-25, subject to shareholder approval.

• Recognized in Forbes Asia's "Best Under A Billion 2023" list.

Financial highlights

• FY25 operational revenue reached INR 13,924 Mn, up 23.8% year-over-year.

• FY25 EBITDA at INR 1,247 Mn, up 9.5% year-over-year; EBITDA margin at 8.96%.

• Q4 FY25 revenue grew 12.5% YoY to INR 3,494 Mn; EBITDA up 23% YoY to INR 385 Mn.

• Export volume for FY25 grew 24% year-over-year, and overall volume increased 16%.

• Diluted EPS for FY25 at INR 10.43, up 0.4% YoY.

Outlook and guidance

• No specific growth guidance provided, but latex segment expected to continue growing, while rubber segment growth is limited by current capacity.

• Management expects margin improvement as industry capacity utilization rises and external uncertainties resolve.

• Final dividend of Rs. 4.50 per share recommended for FY 2024-25, reflecting confidence in ongoing performance.

• Export share is expected to rise above 40% in the next few years, with focus on regional markets.

• Highest annual and quarterly volume and export growth achieved in FY25.