The objective of this trial was evaluating the growth performance of GIFT Tilapia (Oreochromis niloticus) with 2 types of aqua-feeds (Feed-A and Feed-B) in cage culture and determine the suitability compared to the commercial fish feed (Feed-C) as control. Nine cages (10 m 3 each) were installed in a reservoir (80 ha) and stocked with fingerlings of GIFT Tilapia (mean weight= 18.7±12.07 g; mean total length 9.7±2.08 cm) at a density of 45 fingerlings m -3. Completely Randomized Design with 3 treatments, in triplicate, was utilized. Rice bran, Poonac and fishmeal (Fm) were used to formulate both aquafeeds. Part of the Fm (10-12%) in Feed-B was replaced by fresh ipil-ipil leaves. The protein percentage (%) in Feed-A and Feed-B was adjusted to 29%, but it ranged from 17.20-23.97 and from 19.6-25.5, respectively. During the experimental period, fish were fed twice daily at 5% of body weight at the beginning and then up to 3.6%, 3% and 2.5% onwards. The mean % survival, Condition Factor and Specific Growth Rate of the fish fed on Feed-A, Feed-B and Feed-C were not significantly different (P>0.05), but the Average Daily Growth was significantly different (P<0.05). Data were analyzed with One-way ANOVA. The total fish production in cages through Feed-A, Feed-B and Feed-C were 128, 77 and 160 kg, respectively. Considering the cost of feed Rs.18/-, 17/-and 160/-and net income received in Rs. 18,645/-, 8140/-, (20,800/-), Feed-A and Feed-B could be considered. Nevertheless, as the ipil ipil leaves were the ingredient and considering the availability of the highest carcass protein content (18.878±2.193), Feed-B is economically feasible.