Apcotex Industries Limited delivered a robust financial performance for the quarter and year ended March 31, 2026, with its Board of Directors approving the audited financial results on May 6, 2026. The company, a leading producer of Synthetic Rubber and Synthetic Latex, reported significant profitability improvements driven by volume growth and margin expansion. The earnings presentation highlights record-high sales volumes and the highest export sales volume to date, underscoring the company's expanding global footprint. In compliance with Regulation 30 & 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements of the financial results in Business Standard (English) and Mumbai Lakshadweep (Marathi). As per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the earnings conference call held on May 7, 2026, discussing the financial results for the quarter and year ended March 31, 2026, has been hosted on the company's website and is available at https://apcotex.com/investor-quarterly-report .

Quarterly Financial Performance

For the quarter ended March 31, 2026, Apcotex Industries reported operational revenue of INR 3,976 Mn, a growth of 13.8% year-on-year compared to INR 3,494 Mn in Q4 FY25. Total expenses for the quarter stood at INR 3,429 Mn. Net profit after tax (PAT) for Q4 FY26 surged 106.5% to INR 347 Mn from INR 168 Mn in the same period last year. The company reported an EBITDA of INR 547 Mn for the quarter, a 42.1% increase from INR 385 Mn in Q4 FY25, with the EBITDA margin expanding to 13.76% from 11.02%.

The following table summarises the key quarterly financial metrics:

Full-Year Financial Performance

For the full year ended March 31, 2026, Apcotex Industries reported operational revenue of INR 14,415 Mn, compared to INR 13,924 Mn in FY25, representing a 3.5% year-on-year growth. EBITDA for FY26 increased substantially to INR 1,774 Mn from INR 1,248 Mn in FY25, a rise of 42.1%. The EBITDA margin improved to 12.31% from 8.96% in the previous year. Profit after tax for the year nearly doubled, rising 87.5% to INR 1,014 Mn from INR 541 Mn in FY25.

Operational and Strategic Highlights

The company achieved record-high sales volumes with a 14% year-on-year growth, driven by strong demand across markets. Export sales volume also grew 14% year-on-year. Apcotex Industries maintained a strong balance sheet, remaining net cash positive with cash and investments exceeding borrowings by INR 700 Mn. The Board has recommended a final dividend of INR 5.5 per equity share for the financial year 2025-26, subject to shareholder approval. This takes the total dividend for FY26 to INR 8.0 per equity share, including the interim dividend.

Balance Sheet and Cash Flow

As of March 31, 2026, the company's total assets stood at INR 9,865 Mn. Shareholders' funds increased to INR 6,210 Mn from INR 5,532 Mn in the previous year. Cash and cash equivalents stood at INR 318 Mn, while other bank balances were INR 141 Mn. The company continued its focus on strategic growth and capacity expansion through disciplined capital expenditure projects.

Apcotex Industries has successfully completed its strategic acquisition in the power sector, purchasing a 5.12% equity stake in Opera Vayu (Narmada) Private Limited for INR 3,37,50,000 on April 23, 2026. This transaction represents a significant step in the company's energy diversification strategy, aimed at securing captive power consumption for its operations.

Transaction Details

The acquisition involved the purchase of 33,75,000 equity shares at INR 10.00 each through cash consideration. This investment follows the board approval granted on March 27, 2025, for entering into a Power Purchase Agreement (PPA) and Share Subscription Cum Shareholders Agreement (SSSHA) with the power producer. The company issued a revised intimation under Regulation 30 of the SEBI Listing Regulations on April 24, 2026, correcting the completion date.

Target Company Profile

Opera Vayu (Narmada) Private Limited was incorporated on August 1, 2022, under the Companies Act, 2013. The company operates as a Special Purpose Vehicle (SPV) in the power sector and is a wholly owned subsidiary of Shivman Wind Energy Private Limited. The entity has recorded nil turnover over the last three years, indicating its early-stage operational status.

Strategic Objectives

The primary objective of this acquisition is to enable captive consumption of hybrid power generated by Opera Vayu (Narmada) Private Limited. This strategic move allows Apcotex Industries to secure a reliable power source for its manufacturing operations, potentially reducing energy costs and ensuring supply stability.

Regulatory Compliance

The transaction does not fall under related party transactions, and no promoter or promoter group companies have any interest in the acquired entity. The acquisition required no governmental or regulatory approvals, streamlining the completion process. Apcotex Industries has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Business Impact

This acquisition marks Apcotex Industries' entry into the power sector through strategic investment, diversifying beyond its main line of business. The investment in hybrid power generation capabilities aligns with the company's operational requirements and supports its long-term energy security objectives. The completed transaction demonstrates the company's commitment to sustainable energy solutions and operational efficiency enhancement.