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HMAAGRO Diversified 15 Jan 2026

HMA Agro Industries Ltd — Q3 FY26

HMA Agro delivered a strong Q3 FY26 with standalone revenue of ₹1,992.8 crore (+46% YoY) and PAT of ₹71.9 crore (+61.3% YoY), driven by robust export demand, improved realizatio...

bullish high
Compare with...
Revenue ₹2,059 Cr +46%
EBITDA ₹87 Cr +54.8%
PAT ₹67 Cr +61.3%
EBITDA Margin 3% +25bps
Duration 22 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Freight cost volatility

Other expenses surged 3x QoQ due to higher freight costs from refrigerated container shortages, which could pressure margins if sustained.

high · analyst_question
R

Geographical concentration risk

Top 5 markets (Vietnam, Egypt, Malaysia, Indonesia, Iraq) dominate exports; management declined to provide revenue share, indicating potential concentration.

medium · data_observation
R

Capacity utilization uncertainty

Management could not provide capacity utilization figures due to CFO's absence, leaving operational efficiency unclear.

low · analyst_question