Apcotex Industries

Apcotex delivered a strong Q4 FY26 with revenue of INR 398 CrCurrent reported value: INR 398 Cr. No comparable prior figure is available in the source record. (+14%Current 14%. Reported change: +14% YoY. YoY) and EBITDA of INR 55 CrCurrent reported value: INR 55 Cr. No comparable prior figure is available in the source record. (+42% YoY), driven by higher volumes (+10%Current 10%. Reported change: +10% YoY. YoY), better realizations, and operational efficiencies. PAT surged 107% YoYCurrent reported value: 107% YoY. No comparable prior figure is available in the source record. to INR 35 CrCurrent reported value: INR 35 Cr. No comparable prior figure is available in the source record., while EBITDA margins expanded to 13.76%Current reported value: 13.76%. No comparable prior figure is available in the source record. (+270 bps YoY). The nitrile latex segment saw significant margin improvement, partly due to temporary supply disruptions from the West Asia crisis. Management highlighted proactive raw material coverage ensuring uninterrupted operations. For FY27, volume growth is expected in low double digits, but revenue visibility is low due to volatile raw material prices and geopolitical uncertainty. Key risk: a sharp drop in crude prices could hurt margins given high-cost inventory coverage.