Slide 1: Exchange cover letter for Earnings Presentation Q2 FY2025-26
6th November 2025 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 S
Slide 2: Earnings Presentation Q2/H1-FY26
Earnings Presentation Q2/H1-FY26
Slide 3: Executive Summary
2 Executive Summary OVERVIEW ▶︎ Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. ▶︎ The company has one of th
Slide 4: Company Overview
3 Company Overview ▶︎ The company’s Taloja plant was established in 1980 as a division of Operational Revenue (INR Mn) and Asian Paints (India) Ltd. In 1991, the division was spun off as a separate EBITDA Margin (%) company, which was headed by Mr. Atul Choksey, former MD of Asian 16,000 13,924 24.0
Slide 5: Q2-FY26 Financial and Operational Highlights
4 Q2-FY26 Financial and Operational Highlights Q2-FY26 Financial Highlights Q2-FY26 Operational Highlights • Sales volume grew 11% year-on-year. INR 3,367 Mn INR 406 Mn • Operating EBITDA increased from INR 275 million Operational Revenue EBITDA in Q2-FY25 to INR 406 million in Q2 FY26, a (4.1)% YoY
Slide 6: H1-FY26 Financial and Operational Highlights
5 H1-FY26 Financial and Operational Highlights H1-FY26 Financial Highlights H1-FY26 Operational Highlights INR 7,125 Mn INR 793 Mn • Achieved the highest-ever sales volume, up 18% year- on-year. Operational Revenue EBITDA 3.6% YoY 33.7% YoY • Recorded the highest-ever export sales volume, up 31% yea
Slide 7: Quarterly Financial Performance
6 Quarterly Financial Performance Particulars (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y Q1-FY26 Q-o-Q Operational Revenue 3,367 3,511 (4.1)% 3,758 (10.4)% Total Expenses 2,961 3,236 (8.5)% 3,371 (12.2)% EBITDA 406 275 47.6% 387 4.9% EBITDA Margins 12.06% 7.83% 423 Bps 10.30% 176 Bps Depreciation 120 106 13.2%
Slide 8: YTD Financial Performance
7 YTD Financial Performance Particulars (INR Mn) H1-FY26 H1-FY25 Y-o-Y Operational Revenue 7,125 6,877 3.6% Total Expenses 6,332 6,284 0.8% EBITDA 793 593 33.7% EBITDA Margins 11.13% 8.62% 251 Bps Depreciation 233 204 14.2% Finance Cost 66 83 (20.5)% Other Income 72 48 50.0% Profit Before Exceptiona
Slide 9: Historical Income Statement
8 Historical Income Statement Particulars (INR Mn) FY23 FY24 FY25 H1-FY26 Operational Revenue 10,799 11,246 13,924 7,125 Total Expenses 9,214 10,107 12,677 6,332 EBITDA 1,585 1,139 1,247 793 EBITDA Margins 14.68% 10.13% 8.96% 11.13% Depreciation 152 315 416 233 Finance Cost 51 156 173 66 Other Incom
Slide 10: Balance Sheet
9 Balance Sheet Particulars (INR Mn) FY24 FY25 H1-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 Shareholders Fund 5,217 5,532 5,799 Total Non-Current Assets 4,958 4,905 4,902 Equity Share Capital 104 104 104 Property, Plant and Equipment 3,838 3,842 3,827 Other Equity 5,113 5,428 5,695 Capital Work in
Slide 11: Historical Performance Indicators
10 Historical Performance Indicators Operational Revenue (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) 13,924 11,246 1,585 10,799 1,079 1,247 1,139 7,125 10.00% 6.25% 793 539 541 14.70% 445 11.13% 10.13% 8.96% 4.79% 3.89% FY23 FY24 FY25 H1-FY26 FY23 FY24 FY25 H1-FY26
Slide 12: Disclaimer
11 Disclaimer Apcotex Industries Ltd Disclaimer: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apcotex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitatio
Slide 13: Thank You
Thank You