Apcotex Industries Reports Q3 FY2024-25 Results, Declares ₹2 Interim Dividend, and Appoints Rajendra Mariwala as Independent Director.

Mumbai, India – January 28, 2025: Apcotex Industries Limited (NSE: APCOTEXIND, BSE: 523694), a leading manufacturer of synthetic emulsion polymers, has announced its audited financial results for Q3 FY2024-25, along with the declaration of a ₹2 per share interim dividend and the appointment of Rajendra Mariwala as an Additional Independent Director.

Key Financial Highlights – Q3 FY2024-25 (Standalone)​

• Revenue from Operations: ₹355.26 crore (YoY increase of 38.2% from ₹256.99 crore)
• Total Income: ₹359.93 crore
• Profit Before Tax (PBT): ₹41.27 crore (YoY increase of 20.4% from ₹34.35 crore)
• Net Profit (PAT): ₹31.39 crore (YoY increase of 19.5% from ₹26.44 crore)
• Earnings Per Share (EPS): ₹2.23 per share.

Nine-Month Performance (April – December 2024)​

• Total Revenue: ₹1,042.95 crore (YoY growth of 28.2% from ₹813.96 crore)
• Profit Before Tax (PBT): ₹104.52 crore (YoY increase of 16.3% from ₹89.60 crore)
• Net Profit (PAT): ₹76.35 crore
• Earnings Per Share (EPS): ₹7.20 per share.

Dividend Announcement​

• Interim Dividend Declared: ₹2 per share.
• Record Date: February 3, 2025
• Dividend Payment Date: To be paid as per SEBI regulations.

Strategic Developments & Key Announcements​

1. Appointment of Rajendra Mariwala as Additional Independent Director:
   • Term: Five years starting from February 1, 2025, subject to shareholder approval.
   • Background: Managing Director of Eternis Fine Chemicals Ltd, with extensive experience in fragrance and specialty chemicals.
   • Current Board Memberships: Marico Ltd., Kaya Ltd., Westlife Foodworld Ltd..
2. Registered Office Relocation:
   • New Address (Effective March 1, 2025):
     • C-403-04, 4th Level (6th Floor), Wing C, Tower I, Seawoods Grand Central, Sector 40, Seawoods Railway Station, Navi Mumbai – 400706.

Management Commentary​

Atul C. Choksey, Chairman, Apcotex Industries, stated:
"Our strong revenue and profit growth reflect sustained demand for synthetic emulsion polymers. The appointment of Mr. Mariwala adds strategic depth to our leadership, and we remain committed to shareholder value through consistent dividend payouts.".

Market Outlook & Investor Takeaways​

• Robust demand in the synthetic polymers segment is expected to drive revenue growth.
• New leadership addition enhances strategic direction and governance.
• Dividend payout reinforces financial strength and commitment to shareholders.

Apcotex Industries' strong earnings performance and leadership expansion position it for continued growth.