Apcotex Industries Reports Mixed Performance in Q1 FY25 Financial Results

Apcotex Industries, a smallcap company in the rubber products industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

According to the financial report, Apcotex Industries has shown a flat performance in the quarter, with a score of -1, which is an improvement from the previous quarter’s score of -8. However, there are some positive aspects to the company’s financials.

The net sales for the quarter were at their highest in the last five quarters, reaching Rs 336.63 crore. This shows a positive trend in the company’s sales in the near term. The operating profit (PBDIT) for the quarter was also at its highest in the last five quarters, at Rs 31.76 crore. This indicates a positive trend in the company’s operating profit in the near term.

Apcotex Industries has also been distributing higher dividends from its profits, with the dividend per share (DPS) at its highest in the last five years, at Rs 5.50 annually.

However, there are some areas of concern in the company’s financials. The profit after tax (PAT) for the nine-month period has decreased by 25.96% year on year, with a negative trend in the near term. The interest cost has also increased by 36.11% over the preceding nine months, indicating a rise in borrowings.

Additionally, the company’s operating cash flow for the last three years has been at its lowest, at Rs 40.21 crore. This shows a decline in the company’s cash revenues from business operations.

Overall, Apcotex Industries has shown a mixed performance in the quarter ending June 2024. Investors should carefully consider these financials before making any decisions regarding the company’s stock.