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HMA Agro Assigned CRISIL BBB+/Stable Rating for Rs 1,250 Crore Bank Facilities
CRISIL Ratings has assigned a long-term credit rating of 'CRISIL BBB+' with a stable outlook and a short-term rating of 'CRISIL A2' to HMA Agro Industries Limited. The rating covers total bank loan facilities amounting to Rs 1,250 crore, primarily consisting of export packing credits. Major banking partners include State Bank of India with a Rs 510 crore limit and YES Bank with a Rs 350 crore limit. This investment-grade rating provides a formal assessment of the company's creditworthiness and its ability to meet financial obligations.
Key Highlights
CRISIL assigned a Long-Term Rating of 'CRISIL BBB+' with a Stable outlook.
Short-Term Rating assigned as 'CRISIL A2' for the company's bank facilities.
Total bank loan facilities rated amount to Rs 1,250 crore.
Major exposure includes Export Packing Credit of Rs 510 crore from SBI and Rs 350 crore from YES Bank.
The rating covers Rs 121 crore in proposed fund-based bank limits.
💼 Action for Investors
Investors should note the investment-grade rating which validates the company's financial stability and credit profile. Monitor for any future rating upgrades that could potentially reduce the company's borrowing costs.
HMA Agro Reports Strong Q3 FY26 Results with 113% YoY Consolidated PBT Growth
HMA Agro Industries delivered a robust financial performance for Q3 FY26, with consolidated revenue growing 39% YoY to INR 20,594.48 million. The company's consolidated Profit Before Tax (PBT) saw a massive jump of 112.9% YoY, reaching INR 878.46 million, driven by improved margins and strong subsidiary performance. While standalone revenues grew 46%, the management highlighted that bottom-line growth significantly outpaced top-line expansion due to operational efficiencies. However, a sharp rise in freight costs due to container shortages was noted as a key expense driver during the quarter.
Key Highlights
Consolidated revenue for Q3 FY26 increased by 39% YoY to INR 20,594.48 million
Consolidated PBT for the quarter surged by 112.9% YoY to INR 878.46 million
9M FY26 consolidated PBT nearly doubled to INR 2,062.85 million, up 96.9% YoY
Consolidated EBITDA for Q3 FY26 grew by 81.3% YoY to INR 1,051.29 million
Other expenses rose to INR 2,217 million in Q3 from INR 834 million in Q2 due to refrigerated freight costs
💼 Action for Investors
Investors should take note of the significant margin expansion and strong export demand, though the volatility in refrigerated container freight costs remains a key risk to monitor. The stock remains attractive given the company's ability to double its bottom line while scaling operations.
HMA Agro Q3 FY26 Net Profit Surges 214% YoY to ₹665.8 Million
HMA Agro Industries reported a robust performance for the quarter ended December 31, 2025, with consolidated revenue growing 41.5% YoY to ₹20,594.48 million. The net profit witnessed a massive jump of 214% YoY, reaching ₹665.79 million compared to ₹211.83 million in the same quarter last year. For the nine-month period, the company has already surpassed its full-year FY25 revenue and profit figures, indicating strong operational scaling. The growth remains driven by its core business of buffalo frozen meat exports.
Key Highlights
Consolidated Revenue for Q3 FY26 rose 41.5% YoY to ₹20,594.48 million.
Net Profit for the quarter increased significantly by 214% YoY to ₹665.79 million.
9M FY26 Net Profit stands at ₹1,569.65 million, more than double the ₹753.42 million recorded in 9M FY25.
Earnings Per Share (EPS) improved to ₹1.32 from ₹0.41 in the corresponding previous quarter.
Total Income for the nine-month period reached ₹54,255 million, reflecting strong export demand.
💼 Action for Investors
The company exhibits strong growth momentum and significant margin improvement in its export-oriented business. Investors should maintain a positive outlook while monitoring global trade regulations affecting meat exports.
HMA Agro Q3 FY26 Consolidated Net Profit Jumps 214% YoY to ₹665.8 Million
HMA Agro Industries reported a strong year-on-year performance for Q3 FY26, with consolidated net profit surging to ₹665.8 million from ₹211.8 million in the same quarter last year. Revenue from operations grew by 41.5% YoY to ₹20,594.5 million, though it saw a slight sequential decline from Q2 FY26. The nine-month performance is particularly robust, with net profit reaching ₹1,569.7 million, already surpassing the full-year FY25 profit of ₹876.9 million. The company maintains its position as a leading exporter of buffalo frozen meat with an unmodified audit opinion.
Key Highlights
Consolidated revenue for Q3 FY26 rose 41.5% YoY to ₹20,594.5 million.
Net profit for the quarter surged 214% YoY to ₹665.8 million compared to ₹211.8 million in Q3 FY25.
9M FY26 net profit more than doubled to ₹1,569.7 million from ₹753.4 million in 9M FY25.
Earnings Per Share (EPS) for the quarter increased to ₹1.32 from ₹0.41 YoY.
Total expenses for the quarter stood at ₹20,122.8 million, primarily driven by raw material costs of ₹20,803.3 million offset by inventory changes.
💼 Action for Investors
The significant YoY growth in both revenue and profitability indicates strong demand in the export market and improved operational efficiency. Investors should monitor the sequential (QoQ) dip in margins but can remain optimistic given the company has already exceeded its previous full-year profit in just nine months.
HMA Agro Secures ₹210 Crore Credit Facility Enhancement from SBI and YES Bank
HMA Agro Industries has approved a significant enhancement of its credit facilities totaling ₹210 Crore from major lenders. The Export Packing Credit (EPC) from State Bank of India was increased by ₹100 Crore, bringing the total limit to ₹530 Crore. Additionally, credit facilities from YES Bank were raised by ₹110 Crore to a new total of ₹350 Crore. These enhancements are aimed at supporting the company's export operations and working capital requirements.
Key Highlights
SBI Export Packing Credit (EPC) facility enhanced by ₹100 Crore, increasing the limit from ₹430 Crore to ₹530 Crore
YES Bank credit facilities increased by ₹110 Crore, raising the total limit from ₹240 Crore to ₹350 Crore
Total incremental credit access of ₹210 Crore secured to support business scaling and export operations
CSR Committee reconstituted with Mohammad Mehmood Qureshi replacing Ms. Bhawna Jain
💼 Action for Investors
Investors should view the credit enhancement as a positive indicator of the company's growth potential and its ability to secure capital for expanding export operations. Monitor how this increased liquidity translates into revenue growth in upcoming quarters.