nhc foods ltd (NHCF) Snapshot

NHC Foods Limited reported audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported profit from operations before other income, interest & exceptional items of INR 6.454 million compared to a loss of INR 6.335 million reported a year ago. Profit from ordinary activities before tax was INR 4.467 million compared to a loss of INR 7.951 million reported a year ago. Net profit was INR 2.079 million or INR 0.18 per diluted share before and after extraordinary items compared to a loss of INR 4.220 million or INR 0.41 per diluted share before and after extraordinary items reported a year ago. Net sales were INR 341.905 million compared to INR 244.741 million reported a year ago. For the year, the company reported profit from operations before other income, interest & exceptional items of INR 30.635 million compared to INR 20.115 million reported a year ago. Profit from ordinary activities before tax was INR 23.939 million compared to INR 7.529 million reported a year ago. Net loss was INR 16.107 million or INR 1.43 per basic and diluted share before and after extraordinary items compared to INR 4.632 million or INR 0.45 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 1,339.128 million compared to INR 906.799 million reported a year ago.

NHC Foods Limited, Board Meeting, May 27, 2013. Agenda: To consider audited results.

NHC Foods Limited has bagged the order for supply SAAZ Brand products to UP State Employees Welfare Nigam. The cirder has been released by office of the Executive Director, UP State Employees Welfare Nigam, 742,Jawahar Bhavan, Lucknow. With this 'NHC SAAZ" Brand will mark its presence in northern parts of India and the company is expecting to sell around 4 million packs worth approximately INR 80 million to INR 90 million of basic & blended SAAZ brand Masalas during this year in UP State. The order is repeated on month on month basis, surently SAAZ products operates on a gross margin of 22-25"h. The Company's efforts are on in getting entry to supply chain of other Govt. Undertakings in UP state and currently talks are on for supplies to prisons (Jail) across UP State.