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Apex Frozen Foods Q4FY22 PAT down -12.66% at Rs7.31 crore on higher input costs

Apex Frozen Foods Ltd reported 13.66% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs206.76 crore

May 23, 2022 7:41 IST | India Infoline News Service
Apex Frozen Foods Ltd reported 13.66% increase in revenues yoy for the Q4FY22 quarter on consolidated basis at Rs206.76 crore.

On a sequential basis, revenues were down for the quarter by -13.49%. Full year FY22 revenues were up 11.7% at Rs914 crore. For Q4FY22, Apex Frozen Foods saw a sharp revival in demand from its key Asian markets.

The net cash from operations for FY22 more than doubled on a yoy basis as the company saw a sharp fall in trade receivables in the quarter, which more than offset the higher inventory lock-ins.

The consolidated net profit for Q4FY22 was down -12.66% at Rs7.31 crore. The net profits was flower by -12.66% on a sequential basis.

While finance costs were lower, the raw material costs went up 24% on a yoy basis, which put pressure on profit growth. 

Net margins were 3.54% in Q4FY22 quarter compared to 4.60% in Q4FY21. NPM was lower compared to 3.88% in Q3FY22.


Financial highlights for Mar-22 compared yoy and sequentially


Apex Frozen Foods
Rs in Crore Mar-22 Mar-21 YOY Dec-21 QOQ
Total Income (Rs cr) ₹ 206.76 ₹ 181.91 13.66% ₹ 217.51 -4.94%
Net Profit (Rs cr) ₹ 7.31 ₹ 8.37 -12.66% ₹ 8.45 -13.49%
Diluted EPS (Rs) ₹ 2.34 ₹ 2.68 ₹ 2.71
Net Margins 3.54% 4.60% 3.88%

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