HMA Agro Q2 FY27: Revenue Up 17.7% YoY to ₹2,733 Cr, EBITDA Surges 70.5%
HMA Agro Industries reported strong Q2 FY27 results with standalone revenue at ₹2,733 crore (up 17.7% YoY) and EBITDA at ₹130 crore (up 70.5% YoY). Consolidated revenue increased by 28.96% YoY to ₹2,779 crore. The company exports to 49 countries and sees potential margin improvement as logistics costs normalize. Management cited growing global demand for food security and India's product competitiveness as key growth drivers.
The substantial increase in revenue and profitability, coupled with positive management commentary on future growth drivers and margin improvement potential, is likely to have a significant positive impact on investor sentiment and the company's stock performance.
The company reported significant year-on-year growth in revenue and profitability for both standalone and consolidated results, indicating a strong financial performance.
HMA Agro Industries Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a standalone revenue of ₹2,733.11 crore for Q2 FY27, marking a 17.7% year-on-year increase from ₹2,149.17 crore in Q2 FY26. On a quarter-on-quarter basis, revenue grew by 31.90% from ₹2,072.14 crore in Q1 FY27.
Standalone EBITDA witnessed a substantial surge of 70.56% YoY to ₹130.35 crore in Q2 FY27, compared to ₹72.32 crore in the same quarter last year. QoQ, EBITDA increased by 123.13% from ₹55.28 crore to ₹123.35 crore. EBITDA margins improved to 4.51% from 3.37% in Q2 FY26 and 2.67% in Q1 FY27. Profit Before Tax (PBT) stood at ₹108.41 crore, a YoY increase of 68.18% from ₹64.46 crore, and a QoQ growth of 153.67% from ₹42.74 crore.
For the first half of FY27, standalone revenue grew by 48.42% YoY to ₹4,805.25 crore. Standalone EBITDA nearly doubled, increasing by 97.98% YoY to ₹178.63 crore, and PBT rose by 104% YoY to ₹151.15 crore.
On a consolidated basis, revenue for Q2 FY27 was ₹2,779.48 crore, up 28.96% YoY. Consolidated EBITDA increased by 16.70% YoY to ₹153.54 crore, with margins at 5.25%. Consolidated PBT grew by 13.7% YoY to ₹132.48 crore, and PAT increased by 16.46% YoY to ₹104.57 crore.
For the half-year ended September 30, 2026, consolidated revenue grew by 49.17% YoY to ₹4,889.80 crore. Consolidated EBITDA increased by 58.30% to ₹234.58 crore, and PBT rose by 64.63% to ₹194.99 crore. Consolidated PAT increased by approximately 71.56% to ₹155.08 crore.
The company's CFO, Mr. Gulzeb Ahmed, highlighted that the growth is driven by expanding market presence, product competitiveness, and increased demand from countries seeking food security. He also noted that the company utilizes about 65-70% of its existing capacity, indicating room for further volume growth. The company exports to approximately 49 countries across four continents. Management believes that as logistics costs normalize, margins are expected to improve by 1.5-2%. The company is also exploring opportunities in Southeast Asia, South Africa, and GCC regions, and is focusing on value addition through products like vacuum-chilled meat.
What to do with a filing like this
HMA Agro Industries Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by HMA Agro Industries Limited. Read the original for the full detail.