After Listing On 4th July 2023 HMA Agro Industries PAT Up 74% In Q1

HMA Agro Industries has reported a 74 per cent increase in its quarterly net profit in the first three months of the financial year 2023-24.

According to a regulatory filing by the company, its PAT in the April-June quarter came in at Rs 35.08 crore, up 74 per cent QoQ.

The revenue increased 17 per cent to Rs 881 crore in Q1FY24 from Rs 753.8 crore in the last quarter of the previous fiscal (Q4FY23).

The basic earnings per share from continuing operations was Rs 2.15 while diluted earnings per share from continuing operations was at Rs 2.15.

Agra-based HMA Agro Industries is engaged in handling food and agro products, including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals.

Its products are self-branded, packaged and exported to approximately 40 countries. It exports its products under the brand name Black Gold, Kamil, HMA, Fresh Gold, and Green Gold.

HMA Agro Industries shares were listed on stock exchanges on July 4 this year. The company gets 90-95 per cent of business by selling and exporting frozen buffalo meat and allied products. The price band for the offer was Rs 555-585 per share while the listing had taken place at a premium of 7 per cent at Rs 625.