Approved as per the Outcome Attached
HMAAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HMA Agro Industries reported audited consolidated results for FY2025-26 ending March 31, 2026. Revenue from operations grew 34.7% to Rs 69,165 million from Rs 51,330 million. Net profit surged 88.4% to Rs 1,652 million from Rs 877 million, translating to EPS of Rs 3.29 vs Rs 1.75 prior year. Profit before tax rose 73.4% to Rs 2,177 million. The auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The company also appointed M/s S.N. Gupta & Co. as internal auditor for FY2026-27. However, operating cash flow turned negative at Rs 845 million (down from positive Rs 1,244 million), primarily driven by a sharp Rs 6,610 million build-up in inventories and Rs 1,277 million reduction in trade receivables.
Strong double-digit profit growth is positive for shareholders, but the significant negative operating cash flow despite higher profits raises concerns about working capital management and cash conversion. The rising debt-to-equity ratio of 0.90 warrants monitoring.