HMA Agro Industries Posts ₹898 Crore Q2 Profit, Approves ₹300 Crore Working Capital Enhancement
HMA Agro Industries Limited, a leader in buffalo frozen meat exports, reported robust Q2 FY24 results with a net profit of ₹897.99 crore and revenue of ₹24,553.39 crore. The company saw significant year-over-year growth with revenue increasing by 24.91% and net profit surging by 68.06%. The board approved an enhancement of Export Packing Credit limits up to ₹300 crore to support operations. Unaudited financial results for Q2 and H1 FY24 were approved with an unmodified opinion from auditors.

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HMA Agro Industries Limited , a leading player in the buffalo frozen meat and meat products sector, has reported a robust financial performance for the quarter ended September 30, while also securing approval for a significant increase in its working capital limits.
Q2 Financial Highlights
The company posted a consolidated net profit of ₹897.99 crore for the second quarter. This performance was supported by strong revenue from operations, which stood at ₹24,553.39 crore for the same period.
Key Financial Metrics
| Particulars (in ₹ Crore) | Q2 | Q2 Previous Year | % Change |
|---|---|---|---|
| Revenue from Operations | 24,553.39 | 19,656.63 | +24.91% |
| Net Profit | 897.99 | 534.32 | +68.06% |
| Basic EPS (in ₹) | 1.79 | 1.04 | +72.12% |
The company's performance shows significant year-over-year growth, with revenue from operations increasing by 24.91% and net profit surging by 68.06% compared to the same quarter in the previous fiscal year.
Working Capital Enhancement
In a strategic move to support its operations, the HMA Agro Industries' board has approved the enhancement of Export Packing Credit (EPC) limits up to ₹300 crore. This decision, taken during the board meeting held on November 14, is expected to bolster the company's working capital position and support its export-oriented business model.
Board Meeting Outcomes
The board meeting also saw the approval of unaudited financial results for the quarter and half-year ended September 30. Notably, the statutory auditors have expressed an unmodified opinion on these results, indicating their agreement with the company's financial statements without any qualifications.
Company Overview
HMA Agro Industries Limited, recognized as a Five Star Export House by the Government of India, operates in the manufacturing and exporting of buffalo frozen meat and meat products. The company's operations span across various geographies worldwide, with its manufacturing base in India.
Future Outlook
The approval for enhanced working capital limits suggests that HMA Agro Industries may be positioning itself for potential growth opportunities or expansion in its export operations. However, the company has not provided specific details on how it plans to utilize these additional funds.
As HMA Agro Industries continues to demonstrate strong financial performance and strategic initiatives, investors and market watchers may keep a close eye on how the company leverages its enhanced working capital to drive future growth and maintain its market position in the global meat export industry.
Historical Stock Returns for HMA Agro Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.33% | -2.76% | -0.46% | -6.66% | -27.98% | -48.81% |





































