Apex Frozen Foods Limited has informed the Exchange regarding the outcome of the Board meeting held on May 29, 2025.
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Awaiting price reaction for this filing.
The Board approved audited financial results for Q4 and full year ended March 31, 2025. Revenue from operations rose marginally to Rs. 81,355.24 lakhs (FY24: Rs. 80,410.32 lakhs), but net profit fell sharply to Rs. 387.65 lakhs from Rs. 1,470.17 lakhs, with EPS dropping to Rs. 1.24 from Rs. 4.70. The Board recommended a final dividend of Rs. 2 per share (20% on face value), subject to shareholder approval. Statutory auditors M/s. Padmanabhan Ramani & Ramanujam issued an unmodified opinion, and the company strengthened its balance sheet by reducing borrowings while generating healthy operating cash flow of Rs. 5,017.42 lakhs (FY24: Rs. 1,116.13 lakhs).
Profit compression of nearly 74% YoY despite stable revenues may weigh on investor sentiment, though the unchanged dividend payout and significantly improved operating cash flow provide some comfort. Watch for margin recovery in coming quarters.