Apcotex Industries Limited has informed the Exchange about Transcript
APCOTEXIND · price
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Apcotex Industries reported Q1 FY26 operating revenue of Rs. 376 crores, up 12% year-on-year, with operating EBITDA at Rs. 39 crores (22% YoY growth) and EBITDA margin improving to 10.3% from 9.45% in Q1 FY25. Profit after tax stood at Rs. 19 crores with a 5.11% margin. Volume growth of 25% YoY outpaced revenue growth due to lower raw material prices and favorable product mix. Exports surged 37% YoY, contributing 37% of total revenue (a record high). Capacity utilization was strong: ~85% at Taloja latex plant, ~90% at Valia Nitrile plant, and nearly 100% for NBR and other products. Management is finalizing brownfield expansion plans focused on latex, SBR latex, styrene acrylics, and NBR products.
Positive operational momentum with margin expansion and record export volumes signals improving business health, though Nitrile Latex margin pressure persists due to industry overcapacity. Investors should watch for the upcoming CAPEX announcement (expected next quarter), the anti-dumping case outcome (2-4 months), and a potential new CFO appointment, as these could be meaningful near-term catalysts for the stock.