Apcotex Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 06, 2024 at 07:29 am EDT
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Apcotex Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,105.82 million compared to INR 2,561.01 million a year ago. Revenue was INR 3,126.61 million compared to INR 2,574.23 million a year ago. Net income was INR 153.14 million compared to INR 232.11 million a year ago. Basic earnings per share from continuing operations was INR 2.95 compared to INR 4.48 a year ago.
For the full year, sales was INR 11,245.5 million compared to INR 10,799.29 million a year ago. Revenue was INR 11,322.71 million compared to INR 10,872.18 million a year ago. Net income was INR 538.79 million compared to INR 1,079.39 million a year ago. Basic earnings per share from continuing operations was INR 10.39 compared to INR 20.82 a year ago.
Apcotex Industries Limited is an India-based specialty chemical company. The Company produces synthetic lattices (VP Latex, SBR and Acrylic Latex, Nitrile Latex) and synthetic rubber (high styrene rubber, nitrile butadiene rubber). It has a range of products based on Styrene-Butadiene Chemistry and Acryonitrile-Butadiene Chemistry available in the market. The Companyâs range of Latexes are used for paper / paperboard coating, carpet backing, tire cord dipping, construction, gloves-examination, surgical and industrial use. The various grades of synthetic rubber find application in products, such as footwear, automotive components, v-belts, conveyor belts and hoses. It exports to over 45 countries, including the Indian Subcontinent, Southeast Asia, the Middle East. Its products include Apcoflex N745, Apcoflex N746, Apcoflex N747, Apcoflex N749, Apcoflex NVC70E, Apcoflex NVC70E-P, APCOTEX TSN 100, APCOTEX PC 400, APCOTEX TSN 400, APCOTEX PT 600, APCOTEX PT 663, APCOTEX PT 800 and other.