HMA Agro Industries Reports Stellar Earnings For Q3FY24

A leading manufacturer of handled foods and agro products, the company's profit after tax has jumped 772 per cent quarter-on-quarter

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HMA Agro Industries Ltd., a leader in handled foods and agro products, in its board meeting held on February 8, 2024, has approved the unaudited financial results of the company for the quarter and nine months ended on December 31, 2023.

For the quarter ended December 31, 2023, the revenue from operations stood at ₹12,517.23 million, recording a growth of 63 per cent YoY and 4 per cent QoQ. The EBITDA was reported at ₹759.50 million, showing a growth of 84 per cent YoY and 173 per cent QoQ. The PAT stood at ₹491.01 million, growing 75 per cent YoY and 772 per cent QoQ. Commenting on the Q3 and 9M FY 2024 performance, Gulzeb Ahmed, Chief Financial Officer, HMA Agro Industries, said, “We witnessed an exceptional quarter against the backdrop of a robust Indian economy. Accomplishing the highest quarterly revenue at ₹12,517.23 million is a testament to our resilience and strategic foresight.”