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Result PDFQ4FY24 Quarterly & FY24 Annual Result Announced for HMA Agro Industries Ltd.
Food Products company HMA Agro Industries announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
Consolidated: Revenue for the last quarter of March 2023 rose from Rs 8,387.39 million to Rs 13,901.40 million in the March 2024 quarter, marking a substantial 65.74% increase.
Standalone: Revenue for the last quarter of March 2023 increased from Rs 8,809.73 million to Rs 13,174.05 million in the March 2024 quarter, a significant 49.54% growth.
FY24 Financial Highlights:
Consolidated: Revenue increased from Rs 32,092.19 million in March 2023 to Rs 48,132.90 million in March 2024, representing a significant 49.98% growth.
Standalone: Revenue grew from Rs 31,255.53 million in March 2023 to Rs 46,650.53 million in March 2024, an impressive 49.25% increase.
Gulzeb Ahmed, [CFO], commented on the financial results: First and foremost, we would like to extend our heartfelt gratitude to all our investors. Your trust and support have been instrumental in our successful entry into the capital market this year. This milestone has not only brought us good fortune but also significantly boosted our market share, leading to a notable increase in our revenue.
Our company has worked diligently to establish a solid reputation on the international stage. Despite of global economic environment posed significant challenges, including rising raw material costs and geopolitical tensions, our team has demonstrated exceptional capability in navigating these obstacles and achieved commendable performance throughout the year.
Looking ahead, we are optimistic about our growth prospects. We believe that our strategic initiatives, coupled with our unwavering commitment to excellence, will drive continued success in the coming years. We remain dedicated to creating value for our stakeholders and are confident in our ability to navigate future challenges and seize emerging opportunities.
Thank you once again for your unwavering support. We look forward to continuing our journey together and achieving new heights of success.
