HMA Agro Industries Reports Positive Financial Results for Q3 2024

Nov 13 2024 09:50 AM IST
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HMA Agro Industries, a smallcap FMCG company, has reported a positive performance in the quarter ending September 2024, with a significant improvement in Profit Before Tax and Profit After Tax. The company's Net Sales and Operating Profit have also shown positive trends, resulting in higher profitability and earnings per share. However, MarketsMojo has given a 'Strong Sell' call for the company's stock.
HMA Agro Industries, a smallcap FMCG company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 13, a significant improvement from -13 in the previous 3 months.

According to the financials, the company's Profit Before Tax (PBT) has grown by 487.7% to Rs 45.62 crore, compared to the average PBT of the previous four quarters which was Rs 7.76 crore. This indicates a very positive trend in the near term. Similarly, the Profit After Tax (PAT) has also shown a growth of 258.8% to Rs 51.94 crore, compared to the average PAT of the previous four quarters which was Rs 14.48 crore. This shows a very positive trend in the near term for the company.

The company's Net Sales for this quarter were the highest in the last five quarters, at Rs 1,465.86 crore. This is a positive trend for the company, as the near term sales trend is also positive with a growth of 28.7% over the average Net Sales of the previous four quarters, which was Rs 1,138.67 crore.

HMA Agro Industries has also shown a positive trend in its Operating Profit (PBDIT), with the highest at Rs 57.89 crore in the last five quarters. The Operating Profit Margin has also improved, with the highest at 3.95% in the last five quarters, indicating an increase in the company's efficiency.

The company's profitability has also increased, with the highest PBT and PAT at Rs 45.62 crore and Rs 51.94 crore respectively, in the last five quarters. This has also resulted in a higher Earnings per Share (EPS) of Rs 10.37, indicating that the company has created higher earnings for its shareholders.

However, it is important to note that MarketsMOJO has given a 'Strong Sell' call for HMA Agro Industries' stock. This is based on their analysis and should not be considered as a recommendation. It is always advisable to do your own research and consult a financial advisor before making any investment decisions.
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