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Highlights
- Sales over the Year and quarter: The company’s sales declined by -23.7 % over the year, substantial increase in net sales/revenue by 9.14 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 132.25 %. Marginal increase in other income during this quarter, up by 186.54%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Apex Frozen Foods Limited. Profit dropped by -91.04 % Year to Year, Apex Frozen Foods Limited’s profitability dropped by -112.1 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -90.70 % Year to Year. EPS decreased by -112.63 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 211.855 Cr | Rs. 148.101 Cr | Rs. 161.641 Cr | + 9.14 % | -23.7 % |
| Expenses | Rs. 204.21 Cr | Rs. 139.65 Cr | Rs. 160.3 Cr | + 14.79 % | -21.5 % |
| Operating Profit | Rs. 7.65 Cr | Rs. 8.45 Cr | Rs. 1.34 Cr | -84.14 % | -82.48 % |
| OPM % | 3.61 % | 5.71 % | 0.83 % | -4.88 % | -2.78 % |
| Other Income | Rs. -4.62 Cr | Rs. 0.52 Cr | Rs. 1.49 Cr | + 186.54 % | + 132.25 % |
| Interest | Rs. 2.06 Cr | Rs. 1.93 Cr | Rs. 2.41 Cr | + 24.87 % | + 16.99 % |
| Depreciation | Rs. 3.88 Cr | Rs. 3.45 Cr | Rs. 0.92 Cr | -73.33 % | -76.29 % |
| Profit before tax | Rs. -2.91 Cr | Rs. 3.59 Cr | Rs. -0.5 Cr | -113.93 % | + 82.82 % |
| Tax % | -38.09 % | 17.27 % | -26.68 % | -43.95 % | + 11.41 % |
| Net Profit | Rs. -4.02 Cr | Rs. 2.97 Cr | Rs. -0.36 Cr | -112.12 % | + 91.04 % |
| EPS in Rs | Rs. -1.29 | Rs. 0.95 | Rs. -0.12 | -112.63 % | + 90.7 % |
Today, we’re looking at Apex Frozen Foods Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -23.7 %. However, it did see a marginal increase of 9.14 % from the previous quarter. Expenses ticked up slightly by 14.79 % quarter-on-quarter, aligning with the annual decline of -21.5 %. Operating profit, while down -82.48 % compared to last year, faced a quarter-on-quarter dip of -84.14 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.78 %, but a shrinkage of -4.88 % sequentially. Other income rose by 186.54 % compared to the last quarter, despite an annual growth of 132.25 %. Interest expenses surged remarkably by 24.87 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.99 %. Depreciation costs fell by -73.33 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -76.29 %. Profit before tax grew annually by 82.82 % but saw a reduction from the preceding quarter by -113.93 %.
Tax expenses as a percentage of profits increased slightly by 11.41 % compared to last year, with a more notable quarter-on-quarter decrease of -43.95 %. Net profit rose by 91.04 % year-on-year but witnessed a -112.12 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 90.7 % but a quarterly fall of -112.63 %. In summary, Apex Frozen Foods Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 211.855 Cr | Rs. 148.101 Cr | Rs. 161.641 Cr | + 9.14 % | -23.7 % |
| Expenses | Rs. 204.21 Cr | Rs. 139.65 Cr | Rs. 160.3 Cr | + 14.79 % | -21.5 % |
| Operating Profit | Rs. 7.65 Cr | Rs. 8.45 Cr | Rs. 1.34 Cr | -84.14 % | -82.48 % |
| Net Profit | Rs. -4.02 Cr | Rs. 2.97 Cr | Rs. -0.36 Cr | -112.12 % | + 91.04 % |
| EPS in Rs | Rs. -1.29 | Rs. 0.95 | Rs. -0.12 | -112.63 % | + 90.7 % |
In reviewing Apex Frozen Foods Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -23.7 % year-on-year, however, there was a minor increase of 9.14 % from the previous quarter. Expenses decreased by -21.5 % compared to the previous year, with a 14.79 % increase quarter-on-quarter. Operating Profit dropped by -82.48 % annually, and saw a -84.14 % decrease from the last quarter.
Net Profit showed yearly increase of 91.04 %, and experienced a -112.12 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 90.7 % annually, however dipped by -112.63 % compared to the last quarter. In essence, while Apex Frozen Foods Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
