Key Quantitative Figures - Consolidated (Rupees in Millions)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹27,794.81 (vs ₹21,553.39 in Q2 FY26)
  • Other income: ₹345.47 (vs ₹361.06)
  • Total Income: ₹28,140.28 (vs ₹21,914.45)
  • Total Expenses: ₹26,815.47 (vs ₹20,744.29)
  • Profit before tax: ₹1,324.81 (vs ₹1,170.16)
  • Total tax expense: ₹279.14 (vs ₹272.27)
  • Net profit for the period: ₹1,045.67 (vs ₹897.89)
  • Basic EPS: ₹2.08 (vs ₹1.79)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹48,897.99 (vs ₹32,779.49)
  • Other income: ₹1,063.12 (vs ₹474.27)
  • Total Income: ₹49,961.11 (vs ₹33,253.76)
  • Total Expenses: ₹48,011.20 (vs ₹32,069.37)
  • Profit before tax: ₹1,949.91 (vs ₹1,184.39)
  • Total tax expense: ₹399.10 (vs ₹280.53)
  • Net profit for the period: ₹1,550.81 (vs ₹903.86)
  • Basic EPS: ₹3.09 (vs ₹1.81)

Key Quantitative Figures - Standalone (Rupees in Millions)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹27,331.13 (vs ₹21,491.68)
  • Other income: ₹387.31 (vs ₹357.84)
  • Total Income: ₹27,718.44 (vs ₹21,849.52)
  • Total Expenses: ₹26,634.34 (vs ₹21,204.91)
  • Profit before tax: ₹1,084.10 (vs ₹644.61)
  • Total tax expense: ₹273.28 (vs ₹162.27)
  • Net profit for the period: ₹810.82 (vs ₹482.34)
  • Basic EPS: ₹1.62 (vs ₹0.96)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹48,052.50 (vs ₹32,376.60)
  • Other income: ₹1,101.07 (vs ₹467.67)
  • Total Income: ₹49,153.57 (vs ₹32,844.27)
  • Total Expenses: ₹47,642.10 (vs ₹32,103.91)
  • Profit before tax: ₹1,511.47 (vs ₹740.36)
  • Total tax expense: ₹381.53 (vs ₹186.29)
  • Net profit for the period: ₹1,129.94 (vs ₹554.07)
  • Basic EPS: ₹2.26 (vs ₹1.11)

Dates of Action

  • Board Meeting Date: November 03, 2026
  • Meeting Time: 12:30 PM to 12:55 PM
  • Financial Period: Quarter and Half Year ended September 30, 2026

Parties Involved

  • Board of Directors of HMA Agro Industries Limited
  • Statutory Auditors: VAA & Associates (Firm Regn No. 016079C)
  • Review Partner: CA Varun Bansal (Membership No. 413181)
  • Key Managerial Personnel authorized for SEBI disclosures:
  • Mr. Gulzar Ahmad, Managing Director
  • Mr. Gulzeb Ahmed, Chief Financial Officer (CFO)
  • Mr. Nikhil Sundrani, Company Secretary & Compliance Officer

Subsidiary Information

The consolidated results include the following subsidiaries:

1. JFF Exports Private Limited - Wholly Owned Subsidiary

2. HMA Natural Foods Private Limited - Subsidiary

3. Swastik Bone And Gelatines Private Limited - Wholly Owned Subsidiary

4. HMA Food Export Private Limited - Wholly Owned Subsidiary

5. United Farm Product Private Limited - Wholly Owned Subsidiary

6. Laal Agro Food Private Limited - Wholly Owned Subsidiary

7. Federal Agro Industries Private Limited - Subsidiary

8. Indus Farmers Food Co LLP - Subsidiary

9. Reliable Agro Foods - Subsidiary

10. International Agro Foods Export - 49.41% Holding

Significant Transaction

During the period, the Group disposed of its entire equity interest in FNS Agro Foods Limited for an aggregate consideration of ₹50.08 million. Consequently, FNS Agro Foods Limited ceased to be a subsidiary from the date of disposal. The resultant gain on disposal of ₹0.55 million has been recognized in the consolidated Statement of Profit and Loss. In the standalone financials, the Company recognized a gain of ₹46.69 million on this sale.

Capital Structure

  • Paid-up equity share capital: ₹500.77 million (Face value of ₹1 each)
  • Consolidated reserves excluding revaluation reserve: ₹10,466.18 million (as of September 30, 2026)
  • Standalone reserves excluding revaluation reserve: ₹9,587.43 million (as of September 30, 2026)

Business Segment

The Group is engaged in the business of manufacturing and exporting buffalo frozen meat and meat products, which constitutes a single reportable business segment.