HMA Agro Industries Ltd's Q3FY25 Quarterly Results

Result Summary

• HMA Agro Industries Ltd reported a 0.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 15.9%.
• Its expenses for the quarter were up by 1.4% QoQ and 18.4% YoY.
• The net profit decreased 60.3% QoQ and decreased 56.8% YoY.
• The earnings per share (EPS) of HMA Agro Industries Ltd stood at 0.4 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

HMA Agro Industries Ltd is a prominent player in the agribusiness sector, specializing in the processing and export of frozen and chilled meat products. The company primarily operates within the meat and poultry industry, catering to both domestic and international markets. HMA Agro Industries Ltd has been expanding its reach by leveraging its established supply chain and processing capabilities. However, specific recent developments or strategic initiatives undertaken by HMA Agro Industries Ltd are not available in the given data.

Revenue

During Q3FY25, HMA Agro Industries Ltd reported a total income of ₹1481.29 crores, reflecting a slight increase of 0.2% compared to the previous quarter, Q2FY25, where the income was ₹1478.03 crores. On a year-over-year basis, there was a notable growth of 15.9% from Q3FY24, when the total income stood at ₹1278.50 crores. This upward trend in revenue indicates consistent growth over the past year, maintaining the company's income levels on a steady upward trajectory.

Profitability

In the profitability segment, the company experienced a decline in both profit before tax and profit after tax. For Q3FY25, the profit before tax was reported at ₹41.27 crores, marking a decrease of 28.6% from the previous quarter's ₹57.79 crores. The year-over-year comparison shows a decline of 33.7% from Q3FY24, where the figure was ₹62.23 crores. The tax expenses surged significantly by 361.6% QoQ and 52.9% YoY, impacting the net profitability. Consequently, profit after tax dropped to ₹21.19 crores in Q3FY25 from ₹53.43 crores in Q2FY25, representing a 60.3% decrease. Compared to Q3FY24's ₹49.10 crores, the YoY reduction was 56.8%. Earnings per share (EPS) also decreased from ₹1.00 in Q2FY25 to ₹0.40 in Q3FY25, and from ₹0.90 in Q3FY24, indicating a YoY decline of 55.6%.

Operating Metrics

The total expenses for HMA Agro Industries Ltd in Q3FY25 were ₹1440.02 crores, which represents a 1.4% increase from the previous quarter's ₹1420.24 crores. On a YoY basis, expenses rose by 18.4% from ₹1216.26 crores in Q3FY24. This increase in expenses outpaced the growth in total income, thereby affecting the operating profitability. The substantial rise in tax expenses also contributed to the decline in net profit margins. The company's operational efficiency and cost management strategies seem to be under pressure, as indicated by the increasing expense trends relative to income growth.