EBITDA margin expanded by 30 basis points to 6%, while net profit was up 2.5x to ₹9.1 crore from ₹3.8 crore last year. The profitability was also aided by a jump in other income.
Apex Frozen Foods made its stock market debut in 2017. The company is a producer and exporter of aquaculture products.
Shrimp stocks like Apex and its peers like Avanti Feeds and Waterbase have witnessed selling pressure recently after the Trump Administration had imposed a 25% tariff on Indian imports, along with another 25% tariff later for buying Russian oil and other commodities, taking the total tariff levy to 50%.Currently, Indian shrimp exports to the US face an effective customs duty of 17.7%, including 5.7% in countervailing duties and 1.8% in anti-dumping duty. That would now rise to 25%.
Apex Frozen Foods, in its March quarter investor presentation, disclosed that 53% of its overall revenue came from the United States.
After its listing, shares of Apex Frozen Foods made an all-time high of ₹941.4 on December 7, 2017. From those levels, the stock is down 75%, having delivered negative annual returns every single year since its listing, barring 2024, when the stock had risen over 20%.
Despite this steep correction, the stock is still trading above its IPO price of ₹175.
Shares of Apex Frozen Foods are trading 10% higher at ₹243.78. The stock is down 7% so far in 2025.
First Published: Aug 12, 2025 10:42 AM IS
