We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., May 29, 2025 has inter alia approved the following: 1. Approved the Standalone & Consolidated ....
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NHC Foods Limited's Board approved audited standalone and consolidated financial results for FY25 on May 29, 2025. Revenue from operations grew about 63% year-on-year to Rs. 341.41 crores (standalone), with profit after tax nearly tripling to Rs. 6.69 crores from Rs. 2.35 crores in FY24. The statutory auditor JMMK & Co. issued an unmodified opinion on both standalone and consolidated results. The company also consolidated its UAE-based subsidiary Intra Metal Trading LLC FZ for the first time. However, operating cash flow was sharply negative at Rs. -37.77 crores (standalone), largely because trade receivables ballooned from Rs. 27.69 crores to Rs. 162.57 crores. The Board confirmed that the Rs. 47.42 crores raised via the December 2024 rights issue has been fully utilized as per stated objects (working capital, loan repayment, general corporate purposes), with no deviation.
Strong headline growth in revenue and profits is positive, but the negative operating cash flow and massive jump in trade receivables raise concerns about earnings quality and collection efficiency. Shareholders should watch for receivables recovery in coming quarters to confirm whether the profit growth translates into actual cash generation.