Name: Latest research reports of Apcotex Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Apcotex Industries Ltd.
Rating: 5
Author: ICICI Securities Limited

Apcotex Industries

Buy: Apcotex Industries Ltd.

ICICI Securities Limited

On a YoY basis, revenues came in at | 150 crore, up 24.9% YoY. EBITDA came in at | 17.8 crore, up 106% YoY. This was due to 450 bps increase in gross margins in the quarter. EBITDA margins came in at 11.9% vs. 7.2% YoY. PAT came in at | 11.2 crore, up 114% YoY On a sequential basis, revenues grew 7.8% YoY but absolute EBITDA declined 21.7% QoQ. Decline in margins was due to higher input prices. Accordingly, PAT also declined 6.8% QoQ Continued domestic performance; strong exports...