Adani Wilmar is a newly listed company on the National Stock Exchange and the Bombay Stock Exchange. This company produces vegetable oils and other consumer edibles. On 14 February 2022, Adani Wilmar released its quarter 3 results ended in December for the current financial year. On that note, let’s take a look at the details of the FY 22 Q3 results of this company.
Key Highlights of the Adani Wilmar’s FY 22 Q3 Results
Below are some of the key highlights of Adani Wilmar’s Q3 results for the current fiscal year.
Consolidated Net Profit
Adani Wilmar has stipulated its net profit for the third quarter of this financial year ended in December as Rs. 211.41 crores. This is a 66% surge from last year’s consolidated net profit from the same quarter. The previous fiscal year’s consolidated net profit for the third quarter was Rs. 127.39 crores.
Revenue from Operations
For the third quarter of FY 22 ended in December, the revenue from operations of Adani Wilmar stood at Rs. 14,378.66 crores. This value happens to be up by 40.56% compared to the year-ago quarter. In FY 21 Q3, this value was Rs. 10,299 crores.
These were some of the details from the results of Adani Wilmar, the company which recently debuted on the bourses. Since its listing on these bourses, there has been massive buying of this company’s shares. MD and CEO of Adani Wilmar suggested that they would continue to grow their business. They want to grow their food business so that they can offer more useful products for their consumers. Moreover, the edible oil sector did very well for the group.
Frequently Asked Questions
What was the share price of the company post the Q3 results announcement?
Adani Wilmar’s share price on 14 February 2022 was at Rs. 382.75. It was up on the Sensex and Nifty50. This value is up by 0.46%. Hence, after the quarter 3 results of this company was released, its share price rose.
What are some future plans for Adani Wilmar?
The company has commissioned an oleochemical plant with a capacity of 400 tons per day. As a result, its total present capacity has been doubled to 800 tons per day.
What is the revenue from the edible oil segment?
Adani Wilmar’s edible oil segment stands at Rs. 12,118 crores. This figure indicates a growth of 40%. However, the volume of growth stood at 9%.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.
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