HMA Agro's Rs 50.51 cr profit was driven mainly by other income
Consolidated operating margin was only 0.44%, while other income of Rs 71.77 cr exceeded profit before tax of Rs 62.51 cr.
Filed 13 Aug 2026, 15:53 IST · after market close · HMAAGRO (HMAAGRO)
Key takeaways
- Other income of Rs 71.77 cr exceeded consolidated profit before tax of Rs 62.51 cr, making non-operating income central to Q1FY27 earnings.
- Revenue of Rs 2,110.32 cr produced an operating margin of just 0.44%, leaving a thin operating surplus of Rs 9.28 cr.
- Net profit was Rs 50.51 cr, while interest of Rs 11.75 cr and depreciation of Rs 6.79 cr further reduced the operating contribution.
Operating surplus was thin on Rs 2,110.32 cr revenue
HMA Agro reported consolidated revenue of Rs 2,110.32 cr in Q1FY27, but expenses of Rs 2,101.04 cr left only Rs 9.28 cr of operating profit. That translated into a 0.44% operating margin, indicating that the reported revenue generated little surplus before financing and depreciation costs.
Other income carried the reported profit
Other income of Rs 71.77 cr exceeded profit before tax of Rs 62.51 cr, so the quarter's earnings were not primarily generated by operations. Interest of Rs 11.75 cr and depreciation of Rs 6.79 cr also weighed on the operating contribution before tax of Rs 12.00 cr.
Presentation positions HMA Agro as an integrated exporter
The investor presentation describes HMA Agro as one of India's leading integrated food processing and export companies. That positioning provides business context, but the Q1FY27 numbers show a much larger contribution from other income than from operating profit.
Results were filed after market close
The consolidated results were filed after market close on 13 August 2026. No market reaction is covered here because the filing was too recent for a reported response.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2,110 cr |
| Other income | ₹72 cr |
| Expenses | ₹2,101 cr |
| Operating profit | ₹9 cr |
| Operating margin (%) | 0.44% |
| Interest | ₹12 cr |
| Depreciation | ₹7 cr |
| Profit before tax | ₹63 cr |
| Tax | ₹12 cr |
| Net profit | ₹51 cr |
| EPS (₹) | ₹1.01 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Competition
- HMA Agro Industries Limited is described as one of India's leading integrated food processing and export companies.
What to watch
- Whether operating margin moves up from 0.44% in the next reported quarter.
- Whether operating profit can cover the current interest cost of Rs 11.75 cr.
- The contribution of other income relative to the Rs 62.51 cr profit before tax.