The shrimp and shrimp feed producer reported a net profit of Rs 3.29 crore in the quarter ended on June 30, 2021. The company’s net profit fell over 60 per cent on a year-on-year and sequential basis.
Apex Frozen’s net profit stood at Rs 8.47 crore in the June 2020 quarter, whereas Rs 8.37 crore in the March 2021 quarter.
Shares of the company tanked 20 per cent, its lower circuit limit, to Rs 263.20 on Monday. However, it was trading at Rs 273.95 at 10 am. BSE Sesnex was trading 20 points, or 0.04 per cent, higher at 55,457.36 at the same time. The scrip settled at Rs 328.95 on Friday.
The company’s revenue from the operations increased 2 per cent to Rs 222.82 crore during April-June 2021 period, which was Rs 218.26 crore in the same period previous year.
The company’s officials have scheduled an analysts and investors meeting on August 17, Tuesday, to discuss the financial performance of the company during the quarter.
