HMA Agro Industries reports record FY26 profit of ₹1,651.86 million

HMA Agro Industries has reported its strongest financial year in history, with a consolidated net profit of ₹1,651.86 million for FY26, an increase of 88.37% from ₹876.90 million in the previous year. Revenue from operations rose 34.75% to ₹69,164.95 million. The company attributed the record performance to sustained export demand, expansion into new geopolitical markets, and operational efficiency. The disclosure follows the earnings conference call held on May 29, 2026, to discuss the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Consolidated Financial Performance

Consolidated EBITDA for FY26 increased 54.75% to ₹2,839.59 million, with margins expanding to 4.11% from approximately 3.57% in the previous year. Total income reached ₹70,414.19 million, while total expenses amounted to ₹68,236.76 million. Profit before tax grew 73.4% to ₹2,177.43 million. The company noted that higher capacity utilization, improved pricing, and a strong product mix drove the EBITDA improvement.

Metric	Year ended March 31, 2026 (₹ Million)	Year ended March 31, 2025 (₹ Million)
Revenue from operations	69,164.95	51,330.17
Total Income	70,414.19	52,143.72
Total Expenses	68,236.76	50,887.68
Profit before tax	2,177.43	1,256.04
Net profit	1,651.86	876.90
Basic EPS	3.29	1.75

Standalone Results

On a standalone basis, the company reported a net profit of ₹1,271.07 million for FY26, compared to ₹601.73 million in the previous year. Revenue from operations increased 39.2% to ₹67,689.16 million. Standalone EBITDA grew 80.3% to ₹2,109.54 million, with margins improving to 3.12% from approximately 2.4%. For the quarter ended March 31, 2026, standalone net profit was ₹192.11 million with revenue of ₹15,384.83 million.

Strategic Developments

Management highlighted the approval received from Malaysian authorities for one of its subsidiaries, which enabled better capacity utilization. The company is also exploring expansion into new product categories, including French fries and chicken, to leverage its existing frozen food clientele. Addressing geopolitical challenges, the company noted that logistics and freight costs remain significant pressures due to the situation in the Middle East, though demand for food products remains resilient.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.01%	-1.06%	-6.84%	-22.82%	-32.17%	-61.65%

HMA Agro Industries Limited shareholders have approved the appointment of four directors through a postal ballot process that concluded on May 28, 2026. The resolutions were passed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These appointments are effective from the dates specified in the resolutions, strengthening the company's leadership structure and governance framework.

Key Director Appointments

Mr. Gulzar Ahmad (DIN: 01312305) was appointed as the Chairperson and Managing Director for a term effective from June 03, 2026 to June 02, 2031. A promoter and key member of the HMA Group, Mr. Ahmad brings over two decades of experience in the livestock trading and meat processing industry. Additionally, Mr. Viswambharan Parameswaran (DIN: 09822921) and Mr. Bhabani Sankar Acharya (DIN: 11679213) were appointed as Wholetime Directors, with terms effective from April 25, 2026 to April 24, 2031. Mr. Gaurav Rajendra Luthra (DIN: 08023492) was re-appointed as a Non-Executive Independent Director for the term June 03, 2026 to June 02, 2031.

Profile and Expertise

Mr. Viswambharan Parameswaran specializes in compliance management, administration, and corporate governance, with a focus on regulatory frameworks and internal governance systems. Mr. Bhabani Sankar Acharya, a former senior official of the Food Safety and Standards Authority of India (FSSAI), brings extensive expertise in legal strategy, regulatory compliance, and risk management. Mr. Gaurav Rajendra Luthra, a Chartered Accountant with 21 years of experience, has been serving as an Independent Director since June 3, 2021.

Governance and Disclosures

The company confirmed that none of the appointed directors are debarred from holding the office of director by virtue of any SEBI order or other authority. Mr. Gulzar Ahmad disclosed his relationship as the brother of Mohammad Mehmood Qureshi and father of Mr. Gulzeb Ahmed, while the other directors confirmed no familial relationships with existing board members. The appointments were based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors.

Director	Designation	Term
Mr. Gulzar Ahmad	Chairperson and Managing Director	June 03, 2026 to June 02, 2031
Mr. Viswambharan Parameswaran	Wholetime Director	April 25, 2026 to April 24, 2031
Mr. Bhabani Sankar Acharya	Wholetime Director	April 25, 2026 to April 24, 2031
Mr. Gaurav Rajendra Luthra	Non-Executive Independent Director	June 03, 2026 to June 02, 2031