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Adani Wilmar Q3 Results: Net profit rises 66% YoY to Rs 211 crore; stock recovers

Newly-listed Adani Wilmar on Monday said its consolidated web revenue for the December quarter surged 66 % year-on-year (YoY) to Rs 211.41 crore. The agency had reported net revenue of Rs 127.39 crore in the same quarter last yr.

The income from operations for the quarter came in at Rs 14378.66 crore, up 40.56 % compared to the year-ago quarter.

Following the earnings announcement, shares of the company recovered to commerce up by 2 %. The counter had fallen as much as 8 % earlier within the day. The inventory, though, has seen huge buying since listing on bourses.

The firm stated its revenue from the edible oil phase stood at Rs 12,118 crore throughout the quarter under evaluation, rising 40 %. Quantity development stood at 9 %. The meals & FMCG segment saw revenue at Rs 704 crore, up 46 %. Trade essential phase revenue was at Rs 1557, rising 41 %.

The company said it gained edible oil market share by 9 bps within the quarter, whereas within the what floor market the market share gain was 140 bps.

Through the nine-month of the current fiscal, Adani Wilmar’s consolidated volume stood at 3.50 MMT (million metric tons), registering a development of 4 %.

Within the interval, the company additionally commissioned an extra Oleochemical plant with a capability of 400 tons per day (TPD) at Mundra, and with this, the overall capability now doubled to 800 TPD. With the strategy to develop the food basket, it has additionally commissioned 150 TPD Chana Besan crops in Nagpur and 50 TPD Soya Nuggets crops in Haldia. Pick the perfect firms to invest

Soumitrohttp://newsbell24.com
Hi, My name is Soumitro. I'm a social guy from India with a big smile and 3 passions: People, Travel, and Social Media.
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