Adani Wilmar Q3 profit more than doubles to ₹411 crore
The Hindu
Adani Wilmar reports over twofold jump in net profit for December quarter 2024-25, driven by strong edible oil sales.
Adani Wilmar on Monday (January 27, 2025) posted over a twofold jump in consolidated net profit at ₹410.93 crore for December quarter 2024-25 on strong edible oil sales.
The company had logged a net profit of ₹200.89 crore in the year-ago period.
Total income rose to ₹16,926 crore during the quarter from ₹12,887.21 crore in the corresponding period of the previous year, according to a regulatory filing.
Revenue from edible oil segment increased to ₹13,386.71 crore from ₹9,710.82 crore in the year-ago period.
Revenue from 'food and FMCG' segment rose to ₹1,558 crore from ₹1,273 crore, while revenue from 'industry essentials' increased to ₹1,914.59 crore from ₹1,844.12 crore.
Expenses remained higher at ₹16,379.76 crore as against ₹12,606.26 crore.
Adani Wilmar Managing Director and CEO Angshu Mallick said, "The company has been delivering strong profits over the last five quarters. We have delivered record profits during the quarter, with EBITDA at ₹792 crore and PAT at ₹411 crore."
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