Apex Frozen skids 2% despite good set of Q3FY22 numbers

Apex Frozen Foods  Ltd. reports revenue of Rs217.50 crore in Q3FY22 as compared to Rs156.10 crore in Q3FY21, up by 39.33% yoy.

Revenue for the 9 months ended December 2021 stood at Rs707.40 crore against Rs636.60 crore for the corresponding period, a growth of 11.12% yoy.

EBITDA was Rs20.10 crore for Q3FY22 as compared to Rs11.90 crore for Q3FY21. EBIDTA margins were reported at 9.1% and 10.2% for the quarter and nine months ended December 2021.

Its PAT for the nine months and quarter ended December 2021 stood at Rs33.80 crore and Rs8.50 crore respectively, as against Rs35.90 crore and Rs2.30 crore for the previous corresponding quarter.

PAT registered an overall growth of 275% for the quarter and a decline of 6% for the 9M ended December 2021.

PAT Margin settled at 3.8% and 4.7% for quarter and nine months ended December 2021 against 1.4% and 5.6% comparatively.

EPS for Q3FY22 was Rs2.71.

Apex Frozen ended down by 2.39% at Rs288.50 against its previous closing price of Rs295.55 on BSE. It touched intraday high and low of Rs298.45 and Rs282.25 respectively.