HMA Agro Industries Board Okays EPC Credit Facility of Rs160 Cr From HDFC Bank

A surge in price of HMA Industries Ltd. was observed with its shares increasing 2% to Rs 40.28 on the BSE on early hours of trading on Friday.HMA has frozen buffalo facilities buildings that contain meat and the increase in price was attributed to the company being given a Rs 160 crore loan from HDFC Bank.

In their announcement on Thursday, the company's Board of Directors revealed that the loan was hyphenated with the terms and conditions in the HDFC's letter dated December 17th 2024. On meeting those conditions, further boosting HMA Agro's support and initiative plans together with its strategic areas, The funds shall be made available.

Moreover, the company reiterated the announcement of the trading window closure due to the insider trading guidelines by SEBI. From January 1st 2025, this window shall be closed for 48 hours 48 hours after the un-audited quarterly as well as nine months that end up to 31st December 2024 for that period.

HMA Agro Industries, which went public in July 2023, has posted excellent performance and growth. The stock was active in the market achieving a 52-week low of January 12th of last year and a high of 39.16 on October 28 this year.

During the beginning of this month, in an attempt to expand its reach in the meat processing industry, HMA Agro hit an exclusive deal with AL RAIYAN EXPORT. The three-year contract, beginning on December 01, 20231, enables the company to take advantage of AL RAIYAN EXPORT's enormous processing facility, which according to the company stands at 232 metric tons a day. The collaboration between the two is holistic and includes the slaughtering, chilling, freezing, and packing of halal boneless buffalo meat.

In its results for the second quarter of FY25, HMA Agro has indeed improved throughout the duration of the year. The net revenue grew by 105.70% and 22.14% in the period before adding this revenue in relation to the period gone by the previous year to Rs 1,465.86 crore. Once again net profits were out of hand as they climbed by 7,229.36 and 848.04 over a quarter and year respectively to a staggering 53.42 crore. For the period between the last half of FY25, net sales grew slightly by 0.32% year on year to 2,178.48 crore while net profits increased by 8.44% to 54.16 crore.

HMA Agro Industries, which has been operational since 2008, has established itself as one of the largest exporters of frozen buffalo meat in India and accounts for more than 10% of the total exports in this sector in the country. Apart from frozen meat, the company's range of exports consists of fresh meat, vegetables as well as cereals. The company has a global presence and has over 40 countries with its brands including "black gold", "kamil" and "hma"

HMA Agro has four integrated processing plants in Aligarh, Mohali, Agra and Parbhani. Additionally, the company is also working to set up a fifth plant in Haryana which shows expansion of the company's operational capacity as well as increase in its market coverage area.