Investor Presentation

Apcotex: Strong Profitability Despite Revenue Dip, Volume Growth Drives Margins **Business Performance:** Apcotex, a key player in Synthetic Rubber & Latex, reported Q3 operational revenue down 6.7% YoY to ₹331.5 Cr, though 9M revenue remained flat at ₹1043.9 Cr.

Despite this, profitability saw significant improvement. **Growth Drivers & Strategy:** Higher sales volumes fueled growth, with overall sales up 10% in Q3 and 15% in 9M. Record 9M export volumes (up 21% YoY) highlight global reach.

Improved margins and better capacity utilization were key contributors. **Recent Developments:** Apcotex became net cash positive by December 2025 and reduced debt by ~₹94 Cr during 9M-FY26. An interim dividend of ₹2.50/share was declared, and the company received a CII Award for innovation. **Key Financial Metrics:** Q3-FY26 saw EBITDA surge 61.1% YoY to ₹43.5 Cr, Net Profit jump 91.4% YoY to ₹22.2 Cr, and EPS rise 91.9% YoY to ₹4.28. For 9M-FY26, EBITDA grew 42.2% YoY to ₹122.7 Cr and Net Profit rose 78.8% YoY to ₹66.7 Cr, with EPS at ₹12.86. **Management Commentary/Outlook:** While explicit forward-looking statements are limited, the strong profit growth amidst flat revenue indicates robust operational efficiency and effective cost management, driven by volume increases and better margins.