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Pragnesh August 26, 2023, 5:12am 182

Apcotex Q1-2024-concall

Apcotex Industries - monopoly in Synthetic Rubber? Not-so-Hidden Gems

Apcotex Q1-2024(july 2023) 1…PERFORMANCE =In Q1 FY '24, on the back of new capacity commissioned, we witnessed our highest ever quarterly volumes =Export volume growth of 22% and 110% respectively on a year-on-year basis which was led by nitrile latex carpet and construction. =In spite of 22% increase in volume, revenue from operations fell by 9% due to sharp fall in raw material prices, which led to lower price realization of finished goods. =EBITDA margins were affected due to lower mar…

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