Apcotex Industries Reports Flat Q4 Performance Amid Record Net Sales and Profitability Challenges

Jan 28 2025 05:33 PM IST
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Apcotex Industries has reported its financial results for the quarter ending December 2024, showing flat performance despite achieving record quarterly net sales of Rs 355.27 crore. The company faces challenges with a declining operating profit to interest ratio and reduced profit before tax, although non-operating income has reached a peak.
Apcotex Industries, a small-cap player in the rubber products industry, has recently reported its financial results for the quarter ending December 2024. The company has experienced a flat financial performance during this period. Notably, there has been an adjustment in its evaluation, with the score moving to 3 from -8 over the past three months.

The financial results reveal that Apcotex Industries achieved its highest quarterly net sales at Rs 355.27 crore, marking consistent growth each quarter over the last five quarters. This positive sales trend indicates a strong demand for its products.

However, challenges persist for the company. The operating profit to interest ratio has reached its lowest point in the last five quarters at 5.82 times, suggesting difficulties in managing interest payments. Additionally, profit before tax, excluding other income, has also hit a low of Rs 11.75 crore in the same timeframe, indicating a negative trend in profitability. On a more positive note, non-operating income has peaked at Rs 4.67 crore, although reliance on this income source may raise concerns about sustainability.

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