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Apcotex Industries Ltd Q3FY24; 45% fall in Profits

Apcotex Industries Ltd is engaged in the production of various types of synthetic latex and synthetic rubber.
It was started in 1980 as a division of Asian Paints, manufacturing synthetic latex and was later spun-off as a separate company under the leadership of Mr. Atul Choksey, former MD of Asian Paints Ltd.

Financial Results:

Apcotex Industries Ltd reported Revenues for Q3FY24 of ₹257.00 Crores up from ₹234.00 Crore year on year, a rise of 9.83%.

Total Expenses for Q3FY24 of ₹244.00 Crores up from ₹208.00 Crores year on year, a rise of 17.31%.

Consolidated Net Profit of ₹11.00 Crores down 45.0% from ₹20.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.15, down 45.29% from ₹3.93 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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