Apcotex India posts Rs 78.94 cr Q1 profit at 22.28% margin
Standalone operating profit was Rs 117.10 cr, while Rs 2.81 cr of other income was small beside Rs 104.65 cr of pre-tax profit.
Filed 29 Jul 2026, 14:12 IST · APCOTEXIND (APCOTEXIND)
Key takeaways
- Apcotex reported standalone net profit of Rs 78.94 cr in Q1FY27, with EPS at Rs 15.23.
- Operating profit of Rs 117.10 cr on revenue of Rs 525.63 cr translated into a 22.28% operating margin.
- Other income was Rs 2.81 cr and the tax rate was 24.57%, important qualifiers to reported profit.
Q1 earnings were led by operating profit
Apcotex’s standalone operating profit of Rs 117.10 cr provided the main support for the Rs 78.94 cr net profit. Revenue was Rs 525.63 cr against expenses of Rs 408.53 cr, leaving a 22.28% operating margin.
Depreciation was the main bridge below operating profit
Depreciation of Rs 13.11 cr and interest of Rs 2.15 cr reduced operating profit to profit before tax of Rs 104.65 cr, with Rs 2.81 cr of other income partly offsetting that drag. Tax of Rs 25.71 cr was charged at a 24.57% rate, so the reported profit also reflects the post-tax effect of that charge.
Management points to R&D as a competitive asset
Management said its R&D base has enabled the company to develop, manufacture and export products while competing with global players. That commentary places product development and international competitiveness alongside the quarter’s 22.28% operating margin.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹526 cr |
| Other income | ₹3 cr |
| Expenses | ₹409 cr |
| Operating profit | ₹117 cr |
| Operating margin (%) | 22.28% |
| Interest | ₹2 cr |
| Depreciation | ₹13 cr |
| Profit before tax | ₹105 cr |
| Tax | ₹26 cr |
| Net profit | ₹79 cr |
| EPS (₹) | ₹15.23 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Competition
- The company says its R&D base enables it to develop, manufacture and export products and compete effectively against global players.
What to watch
- Whether operating margin moves from the Q1FY27 level of 22.28%.
- Revenue growth from the Q1FY27 base of Rs 525.63 cr.
- Whether the tax rate changes from 24.57%.