Apcotex Net Profit and Share Price Sank Together

Yesterday, Apcotex declared its quarterly result for the quarter ended June 30th, 2016. The
result carried some disappointing figures, resulting in the tremendous drop of Apcotex share
price. Apcotec Industries is one of the leading producers of Performance Emulsion Polymers
in India.

Standalone Financial Statement:

Income from operations: The net income from operations was reported at Rs.
6,112.82 lakhs which is lower than the net revenue of the preceding quarter which was
Rs. 6,795.22 lakhs and also than that of the corresponding quarter last financial year
which stood at Rs. 6,686.85 lakhs.

Total expenses: The total expense of the company also reduced in the quarter ending
June 30th, 2016 in comparison to the preceding quarter and the corresponding quarter
last financial year. The total expense for Q1FY17 stood at Rs. 5,686.43 lakhs, while in
Q4FY16 it was Rs. 6,127.32 lakhs and in Q1FY16 it was Rs. 5,939.88 lakhs.

Other Income: Companys income from other sources also went down drastically from
Q4FY2016 but remained marginally higher than the corresponding quarter in the last
financial year. The income from other sources stood at Rs. 198.57 lakhs, Rs. 516.44
lakhs and Rs. 125.32 lakhs respectively.

Net profit: The net profit for the period drastically tanked down at stood at Rs. 456.21
lakhs as against Rs. 856.37 lakhs in Q4FY16 and Rs. 610.45 in Q1FY2016. The

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disappointing value for the net profit has dragged down the Apcotex Share Price along
with it.

EPS: The earning per share became almost half in comparison to the preceding
quarter. EPS in the June quarter was Rs. 2.20 lakhs while it was Rs. 4.13 lakhs in the
last quarter. The earnings per share in Q1FY16 stood at Rs. 2.94 lakhs.

Apcotex share price was trading with a major drop of over 8% at Rs. 377.95. The previous
days close for the share was Rs.413.85 and had made the new high of Rs. 434 yesterday.
Apcotex share price already opened with a drop at Rs. 390.10. Dynamic Levels have identified
Apcotex among top 500 performing shares.
For more details refer to the Apcotex Share Price History page of the website.

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