Financial Performance Overview

HMA Agro Industries Limited reported exceptional financial results for FY 2025-26 with consolidated revenue growing 34.8% to ₹69.16 billion from ₹51.33 billion in FY25. Net profit surged 88.3% to ₹1.65 billion from ₹876.9 million, while EBITDA increased 54.8% to ₹2.84 billion with margins expanding to 4.11% from 3.57%. Standalone performance was equally strong with revenue of ₹67.69 billion and net profit of ₹1.27 billion.

Operational and Export Highlights

The company maintained its export-focused strategy with 93.3% of revenue (₹64.55 billion) derived from international markets across 40+ countries. Major export destinations included Vietnam (₹14.33 billion), Malaysia (₹9.85 billion), Uzbekistan (₹7.19 billion), Saudi Arabia (₹6.15 billion), and Egypt (₹10.45 billion). The company secured new regulatory approvals for exports to Saudi Arabia, Vietnam, and Malaysia while maintaining its Five Star Export House status awarded by the Government of India.

Balance Sheet and Capital Structure

Total consolidated assets increased significantly to ₹24.13 billion from ₹17.10 billion, driven by inventory buildup (₹13.31 billion, up 98.7%) and increased borrowings (₹8.47 billion, up 67.3%). The company achieved minimum public shareholding compliance through a promoter OFS, reducing promoter holding to 75%. Equity share capital remained at ₹500.77 million with 500,769,770 equity shares of ₹1 each.

ESG and Sustainability Performance

HMA Agro demonstrated strong ESG compliance with comprehensive disclosures per SEBI BRSR requirements. The company maintained multiple certifications including FSSC 22000, ISO 9001, ISO 14001, and ISO 37001 Anti-Bribery Management System. Key metrics included 80-85% sustainable sourcing, zero corruption cases, and investments in waste management achieving Zero Liquid Discharge status at several facilities. Total energy consumption was 29,951.34 GJ with Scope 1 emissions of 123,266 Kg CO2 Eq and Scope 2 emissions of 4,378,364 Kg CO2 Eq.

Corporate Governance and AGM Details

The 18th Annual General Meeting is scheduled for September 18, 2026 via video conference with agenda items including adoption of financial statements, reappointment of directors, appointment of new statutory auditors (M/s VAA & Associates), and approval for increased borrowing limits up to ₹200 billion. The company maintained robust board committees for audit, nomination, stakeholders' relationship, CSR, and risk management.

Related Party Transactions and Investments

Significant transactions included purchases of ₹15.39 billion from United Farm Product Private Limited and facility utilization charges of ₹1.10 billion from HMA Food Export and Federal Agro Industries. Investments in subsidiary companies totaled ₹2.23 billion. The company provided corporate and personal guarantees totaling approximately ₹70 billion by directors and their entities.

Dividend and Corporate Actions

The company declared and paid a dividend of ₹0.30 per share (30%) for FY25 totaling ₹150.23 million. No dividend was recommended for FY26. Other corporate actions included appointment of Mrs. Bhawna Jain as Independent Director and proposed shifting of registered office from Uttar Pradesh to NCT of Delhi.

Regulatory Compliance and Forward Outlook

The company confirmed full compliance with SEBI Listing Regulations and Companies Act requirements, with no material pending litigations or regulatory actions. Forward-looking statements emphasized continued focus on sustainable sourcing, market expansion, ESG integration, and technological advancements in processing facilities across its 10 facilities in 5 states with total daily processing capacity of approximately 1,472 MT.