FMCG Stock Reports Stellar Performance In Q2; FPI Raises Stake To 5.76%; Do You Own?

HMA Agro Industries announced outstanding performance for the quarter that ended on September 30, 2024. HMA Agro Industries' net profit jumped 443.87% to Rs 51.94 crore in the September 2024 quarter compared to Rs 9.55 crore in the September 2023 quarter. Compared to the year-ago quarter, which ended in September 2023, when sales were Rs 1200.19 crore, revenue from operations in the quarter ending in September 2024 increased 22.14% to Rs 1465.86 crore.

From Rs. 174.40 million in Q1FY25 to Rs. 700.61 million in Q2FY25, the EBITDA increased by 301.73%. It also increased by 13.24 percent from Rs. 1,008.49 million in H1FY24 to Rs. 875.00 million in H1FY25. From Rs. 57.20 million in Q1FY25 to Rs. 577.86 million in Q2FY25, the PBT increased by 910.24%. It also increased by 15.48 percent from Rs. 751.37 million in H1FY24 to Rs. 635.06 million in H1FY25.

Commenting on the standalone basis Q2 results, Mr. Gulzar Ahmad (Chairman) of HMA Agro Industries informed stock exchanges that "The Revenues grew by 96.93% from Rs. 6,939.45 million in Q1FY25 to Rs. 13,666.09 million in Q2FY25 & Stood at 3.34% from Rs.21,316.81 million in H1FY24 to Rs. 20,605.55 million in H1FY25. The EBITDA grew by 275.54% from Rs. 104.85 million in Q1FY25 to Rs. 393.75 million in Q2FY25 & Stood at 57.69% from Rs.1,178.58 million in H1FY24 to Rs. 498.61 million in H1FY25. The PBT grew by 401.22% from Rs. 68.93 million in Q1FY25 to Rs. 345.49 million in Q2FY25 & Stood at 62.38% from Rs.1,101.65 million in H1FY24 to Rs. 414.44 million in H1FY25 & The PAT grew by 923.21% from Rs. 24.56 million in Q1FY25 to Rs. 251.30 million in Q2FY25 & Stood at 65.89% from Rs.808.87 million in H1FY24 to Rs. 275.88 million in H1FY25."

"Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations"), we hereby inform you of the appointment of Mohammad Khalilur Rahman Khan S/o Mohd Sohrab Khan as Vice President Quality Assurance and Quality Control (Quality) with effect from November 11, 2024," said the company in a stock exchange filing.

After the Foreign Institutional Investors (FIIs) increased their stake in the firm during the quarter under review, or Q2FY25, HMA Agro Industries showed confidence regarding the company's performance, management, and future growth outlook. While institutional investors boosted their holdings from 5.33% to 5.76%, FII/FPI increased their holdings from 5.30% in the June 2024 quarter or Q1FY25 to 5.76% in the September 2024 quarter. In Q2FY25, promoters' holdings stayed constant at 83.61%, according to HMA Agro Industries.

The IPO bidding for HMA Agro Industries Ltd. began on June 20, 2023, and ended on June 23, 2023. July 4, 2023, saw the listing of the stock. The food trading company HMA Agro Industries Ltd. exports vegetables, grains, frozen buffalo meat, and other agricultural products.