Shares of Avanti Feeds and Apex Frozen Foods rallied significantly on February 12 after both companies reported strong earnings for the October-December quarter of FY26. According to reports from Moneycontrol, Avanti Feeds shares jumped nearly 17 percent to hit a fresh 52-week high of ₹1,395 apiece, while Apex Frozen Foods shares surged around 19 percent to hit a fresh 52-week high of ₹443.1 apiece. The strong performance came after both companies released their Q3 results earlier yesterday.
Avanti Feeds reported a consolidated net profit of ₹149.38 crore for Q3 FY26, marking a 10.5 percent year-on-year increase from the ₹135.21 crore net profit reported in the same period of the previous financial year. As reported by Moneycontrol, the company's revenue from operations rose over 1 percent YoY to ₹1,383 crore during the quarter under review. Along with the results, the company announced that its board has approved the plan to invest nearly ₹25 lakh in Quanta People Solutions, India's first AI powered, cognitive-tech solutions start-up, exclusively for Frontline Workforce Performance (FWP) and Attrition management.
Apex Frozen Foods reported a net profit of ₹10.09 crore for Q3 FY26, as against a net loss of ₹22 lakh in the same period last year. According to Moneycontrol, the company's revenue from operations grew more than 14.5 percent YoY to ₹264.29 crore during the quarter under review. This represents a significant turnaround from the previous year's performance, showing the company's operational improvements and market recovery. The company's pre-tax profit improved dramatically to ₹13.35 crore in Q3 FY26 from a pre-tax loss of ₹0.21 crore in Q3 FY25, demonstrating strong operational leverage.
The latest financial data reveals Apex Frozen Foods has shown remarkable operational improvements beyond just profitability. As per the latest reports, PBIDT improved by 175.2% to ₹17.31 crore in Q3 FY26 from ₹6.29 crore in Q3 FY25, indicating significant operational efficiency gains. The company's pre-tax profit of ₹13.35 crore in Q3 FY26 compares favorably to the pre-tax loss of ₹0.21 crore recorded in the same quarter last year. This substantial improvement in profitability metrics demonstrates the company's successful operational turnaround strategy.
The shares of these shrimp feed companies have seen significant volatility last year, as these export-oriented stocks plunged amid US President Donald Trump's tariff flipflops. However, as reported by Moneycontrol, the stocks have recently rallied after India and US announced their much-awaited trade deal. Notably, US accounted for 53 percent of exports sales for Apex Frozen in FY25, while North America contributed to 65.4 percent of total sales for Avanti Feeds as of Q1 FY25, highlighting the importance of the US market for both companies.
