Apcotex Industries , a leading synthetic emulsion polymers manufacturer, has reported robust financial results for the first quarter, alongside a significant change in its leadership team.

Strong Financial Performance

Apcotex Industries demonstrated impressive growth in its quarterly performance. The company's revenue increased to 3.76 billion rupees, up from 3.37 billion rupees in the same period last year, marking a notable year-over-year growth.

The company's profitability also showed substantial improvement:

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to 386 million rupees, compared to 318 million rupees in the same quarter of the previous year. This resulted in an improved EBITDA margin of 10.27%, up from 9.45% year-over-year.

Net profit also showed strong growth, rising to 192 million rupees from 148 million rupees in the corresponding period last year, representing a significant increase of 29.73%.

Appointment of New CFO

In a strategic move to strengthen its leadership team, Apcotex Industries has appointed Mr. Vivek Thakur as the new Chief Financial Officer (CFO) of the company. 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. He is a Chartered Accountant and a member of the Institute of Chartered Accountants of India since 1999. With over 24 years of experience, including more than 13 years in the chemicals sector, Mr. Thakur is well-positioned to contribute to Apcotex's financial strategy and growth.

Prior to joining Apcotex, Mr. Thakur held the position of CFO at Visen Industries Limited. His career includes leadership roles at prominent companies such as Sudarshan Chemical Industries, Cummins Turbo Technologies Limited, Caparo Engineering India Pvt. Ltd, and Gefran India Private Limited.

Looking Ahead

The strong financial performance and the strategic appointment of an experienced CFO signal Apcotex Industries' commitment to sustained growth and financial excellence. As the company continues to navigate the dynamic synthetic emulsion polymers market, these developments position it well for future opportunities and challenges in the sector.

Apcotex Industries , a leading producer of synthetic lattices and rubber, has announced its financial results for the fourth quarter of the fiscal year, showcasing impressive growth across key metrics. Additionally, the company has declared a dividend of ₹4.50 per share for its shareholders.

Revenue Surge

The company reported a significant increase in revenue, reaching ₹3500.00 million in Q4, up from ₹3110.00 million in the same quarter of the previous year. This represents a year-over-year growth of 12.54%, indicating strong demand for Apcotex's products.

Improved Profitability

Apcotex Industries demonstrated enhanced profitability in the fourth quarter:

• EBITDA: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to ₹384.00 million, compared to ₹313.00 million in the corresponding quarter last year, marking a substantial increase of 22.68%.

• EBITDA Margin: The EBITDA margin improved to 11.00% from 10.08% year-over-year, suggesting better operational efficiency and cost management.

• Net Profit: Net profit for the quarter reached ₹168.00 million, up from ₹153.00 million in the same period last year, representing a growth of 9.80%.

Financial Performance Overview

Dividend Announcement

In a move that further benefits its shareholders, Apcotex Industries has declared a dividend of ₹4.50 per share. This corporate action represents a distribution of the company's profits to its investors, reflecting the company's commitment to delivering value to its shareholders.

The robust financial performance of Apcotex Industries in Q4 reflects the company's ability to navigate market challenges and capitalize on growth opportunities. The significant improvements in revenue, EBITDA, and net profit underscore the company's strong market position and operational excellence.

As Apcotex Industries continues to strengthen its financial metrics and reward its shareholders, investors and industry observers will likely keep a close watch on the company's future performance and strategic initiatives.