One of the FMCG stocks engaged in food trade organization for handled food and agro products including frozen fresh buffalo meat, frozen natural products, vegetables, and cereals in India. The stock has hit a 10 percent upper circuit after the announcement of the quarterly results. The company’s revenue increased by 105.70 percent QOQ to Rs. 1,465.86 crore, and net profit increased by 7,219.18% QOQ to Rs. 53.43 crore.
Stock Movement
The share price of HMA Agro Industries Limited hit a 10 percent upper circuit to Rs. 45.3 per share on Tuesday, a significant rise from its previous close of Rs. 41.15 per share. The market capitalisation now stands at approximately Rs. 2,266.48 crores as of November 12, 2024.
Q2 FY25 Result Walkthrough
Coming into the quarterly results of HMA Agro Industries Limited, the company’s consolidated revenue from operations increased by 22.14 percent YOY, from Rs. 1,200.19 crore in Q2 FY24 to Rs. 1,465.86 crore in Q2 FY25, and grew by 105.70 percent QoQ from Rs. 712.61 crore in Q1 FY25.
Further, the company’s EBITDA margin has increased by 246 bps, from 4.78% in Q2 FY24 to 2.32% in Q2 FY25. The PAT margin has reached to 3.65%, which is higher by 318 bps YOY in Q2 FY25
In Q2 FY25, HMA Agro Industries Limited’s consolidated net profit slightly increased by 847.34% YOY, reaching Rs. 53.43 crore compared to Rs. 5.64 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 7,219.18 percent, from Rs. 0.73 crore.
The basic earnings per share increased by 3,366.67% and stood at Rs 1.04 as against Rs 0.03 recorded in the previous quarter FY25.
In terms of return ratios, HMA Agro Industries Limited’s share ROE and ROCE are currently at 16.2 percent and 14 percent, respectively. HMA Agro Industries Limited has a debt-to-equity ratio of 0.72x.
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Shareholding Pattern
In September 2024, HMA Agro Industries Limited had a majority stake held by the promoters at 63.42 percent, foreign institutional investors at 1.01 percent, domestic institutional investors at 3.12 percent, the government of India at 10 percent, and the public at 2.92 percent.
Company Overview
HMA Agro Industries Limited stands as a leading Indian food trade company specializing in diverse food and agro products. The company exports frozen buffalo meat, natural products, vegetables, and cereals to forty countries worldwide. Through its brands Black Gold, Kamil, HMA, Fresh Gold, and Green Gold, the firm maintains a strong market presence. It runs five integrated meat processing plants across India.
The company has expanded its portfolio to include frozen fish products and an extensive range of premium Basmati rice varieties. Its Basmati selection features multiple variants like Golden, Steam, and White Sella in different grain types. HMA Agro maintains high-quality standards in its facilities located in Aligarh, Mohali, Agra, Parbhaniand, and Haryana.
Written By – Nikhil Naik
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