Apcotex Industries zooms 20% as Q3 profit rises more than double

The hit a record high of Rs 562, up 20% on BSE, after the company reported net profit of Rs 133 million in Q3FY18 against Rs 50 million in a year ago quarter.

Apcotex Industries zoomed 20% to Rs 562, also its all-time high on BSE in intra-day trade, after the company reported more than double net profit of Rs 133 million for the quarter ended December 2017 (Q3FY18). It had a profit of Rs 50 million during the same quarter in last fiscal.

Revenue during the quarter under review grew 20% at Rs 1,379 million against Rs 1,148 million in the corresponding quarter of previous fiscal. EBITDA (earnings before interest, tax, depreciation and amortization) margin improved 715 bps to 12.55% from 5.4%.

EBITDA margin improvement due to a combination of