Shares of Apex Frozen Foods Limited (NSE: APEX) declined on Monday after the India-listed seafood exporter reported quarterly and nine-month earnings for the period ended December 31, 2025. The stock closed at ₹432.40 on the National Stock Exchange, down about 2.5% from its previous close.
At today’s closing price, the company’s market capitalization stood at around ₹13.51 billion.
Q3 FY26 Results
For the third quarter of fiscal 2025-26, Apex Frozen Foods reported consolidated revenue from operations of approximately ₹264.29 crore, up about 14.5% from ₹230.73 crore in the year-ago quarter. Net profit for the quarter was ₹10.09 crore, compared with a net loss of ₹0.22 crore in Q3 FY25. Profit before tax improved to ₹13.35 crore from a loss in the prior year period, and profit before interest, tax, depreciation and amortization (PBIDT) rose to ₹17.31 crore from ₹6.29 crore a year ago. Basic earnings per share was reported at ₹3.23 for Q3 FY26 versus a loss per share previously.
9-Month FY26 Performance
For the nine-month period ended December 31, 2025 (9MFY26), consolidated revenue reached ₹760.79 crore, compared to ₹616.20 crore in 9MFY25, indicating a growth trend. Net profit for the nine-month period stood at ₹31.06 crore, a substantial increase from ₹1.91 crore in the year-ago period. The directional trend for the first three quarters of the fiscal year remains one of expansion in both top line revenue and bottom-line profitability.
Business and Operations Update
Apex Frozen Foods highlighted that its revenue growth in Q3 and 9MFY26 was supported by higher shrimp sales to the European Union as well as changes in average realizations influenced by global shrimp prices and currency effects. The company’s geographic sales mix for the nine-month period showed diversified exposures, with approximately 49% of sales to the United States, 46% to the EU and the balance to other regions.
Tariff adjustments impacting exports to the US were noted, with duty rates reduced to 25% effective February 7, 2026, from higher levels previously. The presentation also indicated continued efforts in debt reduction, with borrowings declining compared with prior years. Total shrimp sales volumes in Q3FY26 were reported slightly lower year-on-year, while nine-month volumes were modestly higher.
The company operates primarily in the processing and export of shrimp and related seafood products, supplying ready-to-cook and value-added products to retail chains, distributors and food service customers across major developed markets.
Equity Analyst Commentary
Market research published by brokerage analysts noted the company’s return to profitability on a year-over-year basis for Q3FY26 after a loss last year, with revenue expansion and export dynamics cited as key drivers in the earnings presentation. Broader institutional research coverage described the 9MFY26 performance as showing substantial net profit growth from a low base in the prior period, reflecting changing market conditions and operational focus. (Institutional research summaries based on filings and exchange releases; no specific rating or target data included.)
Performance Summary
APEX shares fell about 2.5% on the day of its earnings report. Quarterly revenue increased mid-teens year-on-year. Q3 net profit swung to positive from a year-ago loss. Nine-month revenue and profit rose significantly. Export mix and tariff developments featured in company disclosures. The stock’s move and results were reported without endorsement.