Apex Frozen Foods Ltd Q1FY24; 80% fall in Profits

Apex Frozen Foods is an integrated producer and exporter of shelf stable quality aquaculture products.
Apex Frozen Foods Ltd, one of the leading producers and exporters of processed shrimp began its operations in 1995 The company’s operations comprise hatchery, farming, pre-processing, processing, and exporting of shelf-stable quality aquaculture products like shrimp.

Financial Results:

Apex Frozen Foods Ltd reported Revenues for Q1FY24 of ₹253.84 Crores down from ₹305.82 Crore year on year, a fall of 17.0%.

Total Expenses for Q1FY24 of ₹248.92 Crores down from ₹300.25 Crores year on year, a fall of 17.1%.

Consolidated Net Profit of ₹3.65 Crores down 80.32% from ₹18.55 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.17, down 80.30% from ₹5.94 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.