Are Apex Frozen Food latest results good or bad?

Apex Frozen Foods has reported its financial results for the quarter ending March 2025, highlighting a notable performance in various key metrics. The company experienced a year-on-year growth in net sales of 22.07%, reaching Rs 197.32 crore, compared to a decline in the previous year. Additionally, the standalone net profit saw a significant increase of 644.44%, amounting to Rs 1.96 crore, which is a substantial rise from the prior year’s performance.
The operating profit, excluding other income, also demonstrated strong growth, with an increase of 388.15%. However, it is important to note that a considerable portion of the profit before tax, 41.34%, was derived from non-operating income. This reliance on non-business activities raises concerns regarding the sustainability of the company’s financial health in the long term.

Overall, while Apex Frozen Foods has showcased impressive growth in its financial metrics, the adjustment in its evaluation reflects the mixed nature of its performance, particularly due to the reliance on non-operating income.