We would like to clarify that upon internal review; it was observed that while filing the Consolidated financials the columns related to 'corresponding quarter ended 31.12.2024' and 'previous ....
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Awaiting price reaction for this filing.
NHC Foods has refiled its audited Q4 and FY25 results after some comparative columns in the consolidated statements were accidentally hidden in the original submission. The auditor (JMMK & Co.) issued an unmodified opinion on both standalone and consolidated results. Standalone FY25 revenue grew strongly to Rs. 34,141.34 lakhs (vs Rs. 20,924.40 lakhs in FY24, up ~63%), and PAT jumped to Rs. 669.42 lakhs (vs Rs. 234.73 lakhs, up ~185%). Q4 standalone PAT of Rs. 89.69 lakhs was, however, lower than Rs. 107.86 lakhs in Q4FY24. The company also did a 1:10 stock split (effective July 2024) and raised Rs. 47.42 crore via a rights issue in December 2024. A potential fundraising and authorised share capital hike agenda was deferred to a later board meeting.
The headline numbers look strong with revenue and profit both nearly doubling, but the negative operating cash flow of Rs. 37.7 crore (standalone) and a sharp jump in trade receivables from Rs. 27.7 crore to Rs. 162.6 crore raise concerns about earnings quality. The refiling is only a formatting correction, not a restatement, and the auditor's clean opinion should limit damage, though the deferred fundraising decision may keep sentiment cautious in the near term.