NHC Foods Reports Massive Surge In Quarterly Income And Profit

<b>NHC Foods</b>, a prominent exporter of agricultural commodities and spices, reported a sharp improvement in its financial performance for the September quarter. According to the company statement, total income surged 333 per cent year-on-year to Rs 451.32 crore, while profit jumped more than 16-fold to Rs 21.68 crore compared to the previous year. For the first half of the financial year, the company posted a total income of Rs 821.45 crore along with a significant rise in profit. Managing Director Satyam Joshi stated that the firm remains focused on sustaining growth momentum. Additionally, the board approved acquiring a 99.98 per cent stake in Sachmaas Foods to expand its presence.