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

23 May 2022 , 07:43 PM

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%