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NHC Foods fiscal Q1 profit climbs YOY

NHC Foods Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 34 Indian paise per share, an increase from 33 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.8 million rupees, a gain from 3.6 million rupees in the year-earlier period.

The normalized profit margin declined to 1.1% from 1.2% in the year-earlier period.

Total revenue grew 13.2% year over year to 348.4 million rupees from 307.8 million rupees, and total operating expenses climbed 15.5% from the prior-year period to 344.5 million rupees from 298.3 million rupees.

Reported net income increased 30.9% from the prior-year period to 5.1 million rupees, or 45 paise per share, from 3.9 million rupees, or 35 paise per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.