Apcotex Industries , a leading synthetic rubber and latex manufacturer, has reported a robust financial performance for the first quarter, with significant growth in revenue and profitability.

Strong Revenue Growth and Improved Margins

The company's operating revenue for Q1 stood at Rs 376.00 crores, marking a 12% year-on-year growth. This growth was primarily driven by a remarkable 37% increase in export revenues, which now contribute 37% of the total revenue.

Operating EBITDA reached Rs 39.00 crores, showing a substantial 22% year-on-year growth. The EBITDA margin improved to 10.30%, up from 9.45% in the same quarter last year. Profit after tax (PAT) stood at Rs 19.00 crores, with a PAT margin of 5.11%.

Record-Breaking Sales Volumes

Apcotex Industries achieved its highest ever quarterly sales volumes, with an impressive 25% year-on-year volume growth. This growth was primarily fueled by strong export performance.

Capacity Utilization and Expansion Plans

The company reported high capacity utilization across its facilities:

Given the high utilization rates, Apcotex is planning de-bottlenecking and expansion projects focusing on latex, SBR latex, styrene acrylics, and NBR products. The details of these expansion plans are expected to be announced shortly.

Export Performance and Market Diversification

Exports have become a significant growth driver for Apcotex, with a 37% year-on-year increase in export revenues. The company's strategy to diversify its market presence has paid off, with exports now accounting for 37% of total revenue.

Challenges in Nitrile Latex Segment

Despite high capacity utilization, the Nitrile Latex segment continues to face margin pressures due to industry overcapacity. The company is actively pursuing an anti-dumping case for NBR products to address these challenges.

Sustainability Initiatives

Apcotex has invested Rs 3.50 crores in a hybrid power project for its Gujarat plant, demonstrating its commitment to sustainable practices and reducing its carbon footprint.

Management Commentary

Abhiraj Choksey, Vice Chairman and Managing Director of Apcotex Industries, commented on the results: "We are pleased with our performance this quarter, especially the strong growth in exports and overall volumes. While challenges persist in certain segments, we are confident in our strategic initiatives and expansion plans to drive sustainable growth."

Looking ahead, Apcotex Industries remains focused on expanding its product portfolio, enhancing operational efficiencies, and capitalizing on export opportunities to maintain its growth trajectory in the coming quarters.

Apcotex Industries Limited , a leading player in the synthetic emulsion polymers business, has announced its financial results for the quarter ended June 30, 2025, along with a key leadership appointment.

Financial Performance

The company reported robust financial results for the first quarter of the fiscal year:

Apcotex Industries demonstrated strong performance with a revenue from operations of Rs 37,576.41 lakhs. The total income for the quarter stood at Rs 37,840.77 lakhs, indicating a healthy business environment for the company's products.

The company's profitability remained solid, with a net profit after tax of Rs 1,915.94 lakhs. This translated to an earnings per share (EPS) of Rs 3.70, showcasing the company's ability to generate value for its shareholders.

Appointment of New CFO

In a significant move to strengthen its leadership team, Apcotex Industries has appointed Mr. Vivek Thakur as the new Chief Financial Officer (CFO), effective July 30, 2025. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Mr. Thakur brings a wealth of experience to his new role:

• A Chartered Accountant and member of the Institute of Chartered Accountants of India since 1999
• Holds a Master's degree in Commerce from the University of Indore
• Over 24 years of professional experience, including more than 13 years in the chemicals sector
• Previously served as CFO at Visen Industries Limited
• Held leadership positions at companies such as Sudarshan Chemical Industries, Cummins Turbo Technologies Limited, Caparo Engineering India Pvt. Ltd, and Gefran India Private Limited

Mr. Thakur's extensive background in finance and accounting, coupled with his experience in the chemicals industry, is expected to contribute significantly to Apcotex Industries' financial strategy and growth plans.

Company Overview

Apcotex Industries Limited specializes in the synthetic emulsion polymers business. The company's diverse product portfolio caters to various industries, positioning it as a key player in the sector.

The financial results and the new CFO appointment were disclosed in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's board meeting, held on July 30, 2025, commenced at 11:30 am and concluded at 3:05 pm.

With strong quarterly results and a strategic addition to its leadership team, Apcotex Industries appears well-positioned for continued growth in the synthetic emulsion polymers market.