HMA Agro Industries share price hits 10% upper circuit after Q2 results 2024-25

Stock Market Today: HMA Agro Industries Ltd share price was locked in the 10% upper circuit limit in morning trade on Tuesday, November 12 after the company announced its financial performance for the quarter ended September 2024. 

HMA Agro Industries share price opened at ₹45.10 on the BSE on Tuesday, almost 9.5% higher than the previous close of ₹41.15. HMA Agro Industries share price gained further to hit intraday highs of ₹45.26, marking gains of 10%, which also happens to be its upper price band or upper circuit limit.

HMA Agro Industries on Monday announced its September quarter results (Q2) post market hours, wherein it posted a 105.70% growth in its consolidated revenue from ₹712.6 crore in Q1 FY25 to ₹1,465.86 crore in Q2 FY25. Meanwhile, in the first half of fiscal 2024-25 (H1 FY25), revenue increased by 0.32% to ₹2,178.475 crore from ₹2,171.4 crore in H1 FY24.

HMA Agro Industries consolidated earnings before interest tax depreciation and amortisation (EBITDA) grew by 301.73% from ₹17.44 crore in Q1 FY25 to ₹70.06 crore in Q2 FY25. During H1 FY25 EBITDA stood at ₹100.85 crore, rising 13.24% from ₹87.5 crore in H1 FY24.

The net profit grew by 7229.36% from ₹0.73 crore in Q1 FY25 to ₹53.43 crore in Q2 FY25 and by 8.44% from ₹49.95 crore in H1 FY24 to ₹54.16 crore in H1 FY25.

Among other recent positive developments, in October, HMA Agro Industries entered into a Memorandum of Understanding (MoU) with Perbadanan Kemajuan Pertanian Selangor, a government entity from the state of Selangor, Malaysia. The MoU was for the supply of frozen boneless buffalo meat and exploring other initiatives, including joint research projects to address challenges by leveraging the expertise of both organizations.

On the flip side, however, HMA Agro last month announced that production at one of the units of HMA Agro Industries Ltd., located at Talsapur Khurd, Mathura Bypass Road, Tehsil Kol, District Aligarh, was temporarily stopped following a routine inspection conducted by local authorities.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.