HMA Agro Industries, a leading integrated frozen buffalo meat exporter, announced strong financial results for both the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Consolidated Revenue: Increased by 65.74% to Rs 13,901.40 million compared to Rs 8,387.39 million in Q4FY23.
Standalone Revenue: Increased by 49.54% to Rs 13,174.05 million compared to Rs 8,809.73 million in Q4FY23.
FY24 Financial Highlights:
Consolidated Revenue: Increased by 49.98% to Rs 48,132.90 million compared to Rs 32,092.19 million in FY23.
Standalone Revenue: Increased by 49.25% to Rs 46,650.53 million compared to Rs 31,255.53 million in FY23.
Management Commentary:
Gulzeb Ahmed, CFO of HMA Agro Industries, expressed gratitude to investors for their trust and support, highlighting their successful entry into the capital market in the fiscal year. The company attributes the significant increase in revenue to its strengthened market share and successful efforts in establishing a strong international presence.
Key Takeaways:
Impressive Growth: HMA Agro Industries demonstrated substantial revenue growth in both Q4FY24 and FY24, showcasing their strong market position and expanding international footprint.
Capital Market Entry: The company's successful entry into the capital market contributed to their growth trajectory.
For further details and analysis, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/hma-agro-industries-ltd
5paisa Share Price: https://www.5paisa.com/stocks/hmaagro-share-price
Economic Times Topic: https://economictimes.indiatimes.com/topic/hma-agro-industries-ltd-q4-results
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