FMCG Company HMA Agro Industries Rally Over 5% Intraday: Here’s Why

On Friday, the shares of HMA Agro Industries surged 5 per cent showcasing good growth and had reached the level of Rs 75.15.

HMA Agro has a market cap of Rs 3,729.73 crore whose shares have a 52-week high of Rs 84.05 while a 52-week low of Rs 56.50.

Shares of HMA Agro have given a return of 12.75 per cent to investors in the last 1 month while in the last six months, they have given a return of 20.25 per cent from the level of Rs 62.08.

Recently HMA agro announced Q3FY24 results and reported net sales at Rs 1,215.98 crore in Q3FY24 up 61.31% from Rs. 753.79 crore in Q3FY23. Quarterly PAT stood at Rs. 43.37 crore in Q3FY24 up 114.76% from Rs. 20.20 crore in Q3FY23. EBITDA stands at Rs. 61.86 crore in Q3FY24 up 102.16% from Rs. 30.60 crore in Q3FY23.

HMA Agro raised Rs 480 crore from its primary stake sale in June of this fiscal 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 degraded 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.