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HomeNewsBusinessEarningsAdani Wilmar back in black in Q2 with Rs 311-crore profit, shares surge 6%

Adani Wilmar back in black in Q2 with Rs 311-crore profit, shares surge 6%

The revenue of the company was up 18 percent at Rs 14,460 crore against Rs 12,267 crore on-year.

October 24, 2024 / 15:17 IST
Adani Wilmar back in black in Q2 with Rs 311-crore profit.
     
     
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    Adani Wilmar Ltd on Thursday returned to black with a consolidated profit of Rs 311.02 crore in September 2024 quarter of the current fiscal. The edible oil major had reported a loss of Rs 130.73 crore in July-September quarter of preceding 2023-24 fiscal, the company said in an exchange filing. In June 2024 quarter, the company had reported a net profit of Rs 313.20 crore.

    The revenue from operations of the company was up 18 percent at Rs 14,460.45 crore in the September 2024 quarter against Rs 12,267.15 crore on-year.

    The total income of the company increased to Rs 14,565.30 crore in the reporting period from Rs 12,331.20 crore a year ago, while the total expenses of the company increased to Rs 14,163.43 crore from Rs 12,439.45 crore in the same period a year ago.

    The EBITDA was reported at Rs 566 crore against Rs 144 crore year-on-year, while the margin was reported at 3.9 percent against 1.2 percent on-year.

    Shares of Adani Wilmar surged 6.22 percent to quote at Rs 338.5 per share on the NSE at around 3.15 pm. The stock has been gaining for the last two days and has risen 7.91 percent in the period.

    The stock touched an intraday high of Rs 342 apiece on the NSE, higher by 7.46 percent .

    Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Oct 24, 2024 02:53 pm

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