New Delhi: HMA Agro Industries Limited shares hit a 10 per cent upper circuit limit in early trading on Tuesday, November 12, after the company announced impressive quarterly results for the September 2024 quarter. Shares opened at Rs 45.10 on the BSE, almost 9.5 per cent higher than the previous closing price of Rs 41.15, and soon reached an intraday high of Rs 45.26, the upper price band for the day.

HMA Agro Industries Q2 ResultsOn Monday, HMA Agro Industries revealed its Q2 FY25 financial results, showing a significant 105.7 per cent increase in consolidated revenue from Rs 712.6 crore in the previous quarter (Q1 FY25) to Rs 1,465.86 crore in Q2. For the first half of fiscal year 2024-25, the company’s revenue rose by 0.32 per cent to Rs 2,178.5 crore, compared to Rs 2,171.4 crore in the same period last year. HMA Agro Industries Q2 Results: EBITDAThe company's consolidated EBITDA (earnings before interest, tax, depreciation, and amortization) jumped by 301.73 per cent from Rs 17.44 crore in Q1 FY25 to Rs 70.06 crore in Q2 FY25. For the first half of FY25, EBITDA increased by 13.24 per cent year-on-year, reaching Rs 100.85 crore compared to Rs 87.5 crore in H1 FY24. HMA Agro Industries Q2 Earnings: Net ProfitHMA Agro’s net profit saw a remarkable 7,229 per cent surge, rising from Rs 0.73 crore in Q1 FY25 to Rs 53.43 crore in Q2 FY25. The half-year net profit also grew by 8.44 per cent, reaching Rs 54.16 crore compared to Rs 49.95 crore in the same period last year.

Memorandum of UnderstandingIn October, HMA Agro Industries signed a Memorandum of Understanding (MoU) with Perbadanan Kemajuan Pertanian Selangor, a government entity from Selangor, Malaysia. This MoU focuses on supplying frozen boneless buffalo meat and exploring joint research projects to tackle challenges with the expertise of both organizations.(
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