Adani Wilmar, a prominent player in the Adani Group, has revealed impressive quarterly results, with the company’s consolidated profit soaring significantly. In an exchange filing, the company reported a remarkable increase in its annual profit, rising from Rs 201 crore to Rs 411 crore. This surge highlights the strong financial performance and growth trajectory of the company.
Revenue and EBITDA Growth
Adani Wilmar also experienced a substantial rise in its consolidated earnings, which jumped from Rs 12,828 crore to Rs 16,859 crore compared to the same period last year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a notable increase, climbing from Rs 504 crore to Rs 791 crore. The EBITDA margin also saw a positive shift, improving from 3.9% to 4.7%.
Business Performance in Q3
The company highlighted a solid volume growth of 5% on an annual basis for the third quarter. Specifically, the volume of edible oil increased by 4%, reaching 0.98 metric tonnes, while the food and FMCG segment experienced an impressive 23% growth, reaching 0.31 metric tonnes on an annual basis. This growth underscores Adani Wilmar’s expanding presence in key market segments.
Stock Performance
Following the positive results, Adani Wilmar’s stock saw a notable uptick. The stock price surged nearly 5% from the day’s low, moving into positive territory. On the National Stock Exchange (NSE), it was trading at Rs 253, reflecting a modest gain of 0.4%.
Adani Wilmar’s strong quarterly performance, coupled with growth in key business areas, positions the company well for continued success in the coming periods.