FMCG Company HMA Agro Industries Declares Q3 Results: Details Here

HMA Agro Industries has informed the stock market that its revenue from operations has reached Rs 1251.72 crore in the third quarter of the current financial year, which was Rs 1200 crore in the previous quarter and Rs 768 crore in the third quarter of the last financial year.

Net profit of HMA Agro Industries rose 56.36% to Rs 46.11 crore in the Q3FY24 as against Rs 29.49 crore during Q3FY23. Sales rose 62.88% to Rs 1251.72 crore in the Q3FY24 as against Rs 768.47 crore Q3FY24.

The stock of HMA Agro Industries Ltd., with a market cap of around Rs 3850 crore, has a 52-week high of Rs 84 while a 52-week low of Rs 56. In the last 6 months, the stock market has given a return of 26 percent from the level of around 61 percent. Shares of HMA Agro Industries have given a return of 26 percent in the last one year from 31 percent.

In November 2023, the company had decided to divide its equity shares in just four months of Dalal Street debut. The company informed about the same through an exchange filing along with its results for the September 2023 quarter.

HMA Agro raised Rs 480 crore from its primary stake sale in June this year. The company offered its shares for Rs 585 apiece and was listed on July 4, 2023.

Agra-based HMA Agro Industries is a food trade organisation for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India. Incorporated in 2008, HMA Agro is among the largest exporters of frozen buffalo meat products from India, which exports to more than 40 countries across the globe.