Adani Wilmar Results: profit increased by 67%!!!

Companies are regularly disclosing their company success figures as we enter the quarter-end results season. The adani group firms have been releasing their quarterly results, and today's results for adani Wilmar have provided insight into the company's financial standing. The company's income has decreased even if its profits have increased according to the quarterly figures.

The net profit for the march quarter of adani Wilmar rises by 67% to Rs 156.75 crore.

For the final quarter of the previous fiscal year, which ran from january to march, adani Wilmar Limited's consolidated net profit increased by 67% to Rs 156.75 crore. During the same quarter in the 2022–2023 fiscal year, the company had a profit of Rs 93.61 crore.

What was the income of adani Wilmar?

According to figures provided to the stock market, adani Wilmar's overall income for the march quarter decreased to Rs 13,342.26 crore from Rs 14,185.68 crore during the same period the previous year.

How did the business perform during the course of the 2023–24 fiscal year?

In terms of the full fiscal year 2023–2024, adani Wilmar's net profit decreased to Rs 147.99 crore from Rs 582.12 crore in the fiscal year 2022–2023 as a result of lower income. The company's overall revenue dropped from Rs 59,148.32 crore in 2022–2023 to Rs 51,555.24 crore in the most recent fiscal year.

What was said by the company's MD?

Managing director (MD) and CEO of adani Wilmar, Angshu Malik, commented on the quarterly results, saying, "We have seen strong growth in the oil and food business of our food segment due to increased retail penetration."