HMA Agro Industries LimitedQ1 FY27 Results & Financial Update
HMA Agro Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹2,110.32 Cr, PAT ₹50.51 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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HMA Agro Industries price & chart
Quarter overview
Quarterly earnings analysis
For the quarter ended June 30, 2026 (Q1 FY27), HMA Agro Industries posted consolidated revenue from operations of INR 2,110.32 crore and total income of INR 2,182.08 crore.
Profit before tax (PBT) for the quarter stood at INR 62.51 crore, after accounting for finance costs of INR 11.75 crore and depreciation and amortisation expenses of INR 6.79 crore.
Total tax expense for the period was recorded at INR 12.00 crore, comprising current tax of INR 12.59 crore offset by a deferred tax credit of INR 0.60 crore.
Consolidated net profit after tax (PAT) for the quarter reached INR 50.51 crore, translating to basic and diluted earnings per share (EPS) of INR 1.01.
The company's board approved an enhancement of its Export Packing Credit (EPC) limits with Canara Bank by INR 115 crore, raising the total facility from INR 70 crore to INR 185 crore.
Management noted that the expanded credit facility is intended to strengthen working capital positioning and support ongoing export operations and business growth requirements.
01 · Business model
What does HMA Agro Industries do?
HMA Agro Industries Limited operates as a recognized five-star export house engaged in the manufacturing and export of frozen buffalo meat and meat products.
The company distributes its product portfolio across numerous international geographies, serving global markets from processing bases in India.
Its operations are structured around meat processing and allied agricultural food products, functioning primarily through a consolidated network of subsidiaries and partner entities.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹2,110.32 Cr |
| Total income | ₹2,182.08 Cr |
| Profit before tax | ₹62.51 Cr |
| Profit after tax | ₹50.51 Cr |
| EPS | ₹1.01 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 2.4% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 3.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹71.76 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue is primarily driven by international demand for the company's frozen buffalo meat and allied food products across multiple global geographies.
Revenue from operations of ₹2,110.32 crore was generated primarily through the export of frozen buffalo meat and related agricultural products to international markets.
Total income reached ₹2,182.08 crore, supported by ₹71.77 crore in other income recognised during the quarter.
What drove margins
Cost of raw materials consumed formed the largest expense block at INR 2,015.32 crore for the quarter, alongside inventory changes of negative INR 93.14 crore.
Other expenses for Q1 FY27 were reported at INR 142.91 crore, while employee benefit expenses stood at INR 35.95 crore.
Cost of raw materials consumed stood at ₹2,015.32 crore, representing the dominant component of total quarterly expenses.
Finance costs of ₹11.75 crore and depreciation charges of ₹6.79 crore exerted baseline overhead pressures on operating profitability before accounting for tax expenses of ₹12.00 crore.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single reportable segment under Ind AS 108, specifically the manufacture and export of frozen buffalo meat and meat products.
Geography and market mix
Products are marketed and distributed across various international geographies, backed by the company's status as a recognized five-star export house.
05 · Strategy & new businesses
How the company is trying to change its growth mix
The consolidated financial results incorporate operations from multiple subsidiaries and joint ventures, including FNS Agro Foods, HMA Natural Foods, and several others.
06 · Reported developments
What changed operationally
Enhancement of the Canara Bank EPC credit limit by ₹115 crore provides additional liquidity headroom to back larger export volumes.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Finance costs for the quarter were recorded at INR 11.75 crore, reflecting debt servicing obligations supporting working capital.
08 · Beyond the numbers
What changed beyond the numbers
Subsidiary Scope
The consolidated review report covers 11 subsidiary entities and associates, including both wholly-owned and majority-held structures.
Auditor Review
Statutory auditors MAPSS and Company issued limited review reports on both standalone and consolidated financial results for the quarter ended June 30, 2026.
09 · Key Q&A
The quarter, answered directly
What does HMA Agro Industries do?
HMA Agro Industries Limited operates as a recognized five-star export house engaged in the manufacturing and export of frozen buffalo meat and meat products.
What is the clearest takeaway from Q1 FY27?
For the quarter ended June 30, 2026 (Q1 FY27), HMA Agro Industries posted consolidated revenue from operations of INR 2,110.32 crore and total income of INR 2,182.08 crore.
What drove revenue or demand?
Revenue is primarily driven by international demand for the company's frozen buffalo meat and allied food products across multiple global geographies.
What mattered most for margins or profitability?
Cost of raw materials consumed formed the largest expense block at INR 2,015.32 crore for the quarter, alongside inventory changes of negative INR 93.14 crore.
What changed operationally beyond the headline numbers?
The consolidated financial results incorporate operations from multiple subsidiaries and joint ventures, including FNS Agro Foods, HMA Natural Foods, and several others.
What should the next disclosure help confirm?
Monitor the drawdown and effective deployment of the expanded INR 185 crore Export Packing Credit facility in supporting export volumes.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Working Capital Utilization: Monitor the drawdown and effective deployment of the expanded INR 185 crore Export Packing Credit facility in supporting export volumes.
- 02
Raw Material Price Trends: Observe the impact of raw material procurement costs (₹2,015.32 crore in Q1 FY27) on quarterly gross margins.
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