NHC Foods Limited, a leading exporter of agricultural commodities and spices, is emerging as a hot pick for investors seeking exceptional returns. The recent Rs. 47 crore rights issue, oversubscribed by a staggering 3x, has reinforced market confidence in the company’s promising growth trajectory. This response showcases the strong trust investors have in NHC Foods’ strategic direction and management.
The company’s 4:1 rights issue, priced at just Rs. 1 per share, offered shareholders an unparalleled opportunity to boost their equity at a bargain. With proceeds channelled towards enhancing working capital and repaying secured loans, NHC Foods is poised to amplify profitability and operational efficiency, ensuring robust shareholder value.
Impressive Financial Performance
NHC Foods’ financial performance for H1 FY25 speaks volumes about its growth momentum. The company recorded a fantastic half-yearly net profit of Rs. 405.97 lakh in just six months of FY25, almost doubling the full-year net profit of Rs. 234.74 lakh achieved in FY24.
1. Net profit surged by 377% to Rs. 205.08 lakh in September 2024 compared to Rs. 42.95 lakh in September 2023.
2. Revenue climbed significantly, up 60.25% to Rs. 6639.18 lakh in September 2024 from Rs. 4142.39 lakh in the same period last year.
3. For the quarter ending June 2024, net profit jumped by 391% to Rs. 200.88 lakh from Rs. 40.9 lakh in June 2023, with revenue rising by an impressive 73% to Rs. 7424.88 lakh from Rs. 4269.91 lakh in June 2023.
“We are committed to delivering sustainable growth and value to our shareholders,” the company management said, “The overwhelming response to our rights issue is a testament to the trust our investors place in us. With enhanced working capital and reduced debt, we are ready to seize new growth opportunities and strengthen our market presence.”
Source : Press Release
