Adani Wilmar, the FMCG company of the Adani Group, reported a consolidated net profit of Rs 311 crore in the second quarter of the financial year 2024-25. The company had incurred a loss of Rs 131 crore in the same quarter a year ago.
The company’s operational revenue during the July-September quarter stood at Rs 14,460 crore. There was an increase of 18% on an annual basis. In the second quarter of the financial year 2023-24, the company had generated a turnover of Rs 12,267 crore. Money received from the sale of goods and services is called income.
Adani Wilmar’s revenue increased by 2% on a quarterly basis
In the last quarter, i.e. April-June, Adani Wilmar had recorded a profit of Rs 313 crore. It decreased by 0.70% on a quarterly basis. At the same time, turnover increased by 2%. The company had generated a turnover of Rs 14,169 crore in April-June.
Consolidated profit means the performance of the entire group
Company results come in two parts – standalone and consolidated. Standalone displays the financial performance of a single unit. Whereas in the consolidated financial report, the report of the entire company is given.
Adani Wilmar shares up 5% in a year
After the quarterly results, shares of Adani Adani Wilmar closed at Rs 337.50 with a rise of 6.05% on Thursday (October 24). The company’s shares have fallen 3.47% in the past month, 1.79% in six months and 8.04% since January 1 of this year. At the same time, the company’s shares returned 5.35% in one year. The market capitalization of the company is Rs 44,000 crore.