Adani Wilmar Profit Soars in Q2: Revenue Growth Drives Results
Adani Wilmar reported a net profit of Rs 311.02 crore in Q2 FY24, driven by higher revenue. The company reversed a net loss of Rs 130.73 crore from the previous year.
Photograph: Amit Dave/Reuters
New Delhi, Oct 24 (PTI) Edible oil firm Adani Wilmar Ltd on Thursday reported a consolidated net profit of Rs 311.02 crore for the second quarter of this fiscal year on higher income.
The company had posted a net loss of Rs 130.73 crore in the year-ago period.
Its total income rose to Rs 14,565.30 crore during the July-September period of this fiscal from Rs 12,331.20 crore in the year-ago period, according to a regulatory filing.
Adani Wilmar is a joint venture between Adani Group and Singapore-based Wilmar.
Adani Wilmar sells edible oils and other food items under various brands, including Fortune.
The company had posted a net loss of Rs 130.73 crore in the year-ago period.
Its total income rose to Rs 14,565.30 crore during the July-September period of this fiscal from Rs 12,331.20 crore in the year-ago period, according to a regulatory filing.
Adani Wilmar is a joint venture between Adani Group and Singapore-based Wilmar.
Adani Wilmar sells edible oils and other food items under various brands, including Fortune.
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