InvestorQ : Why has Apex Frozen Foods being rallying so hard in the last few days?
Angel dcosta made post

Why has Apex Frozen Foods being rallying so hard in the last few days?

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Juvina Maggie answered.
5 months ago
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Apex Frozen Foods was locked in 20% upper circuit on Monday but what is more critical is that the stock has already gained close to 50% since it announced solid results for the Mar-21 quarter. For the Mar-21 quarter, Apex Frozen Foods saw PAT increase by almost 3.5 times to Rs.8.40 crore on sequential basis.

Apex Frozen Foods also reported 16.5% growth in net revenues at Rs.182 crore for the Mar-21 quarter, even as the EBITDA margins improved from 7.6% to 11.5% on a sequential basis. The company had witnessed volume growth of 30% on a yoy basis with tremendous demand visible for its ready-to-eat products across some of its key markets.

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