Adani Wilmar Reports 105% Surge in Q3 Profit, Revenue Up 31%
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Synopsis
Adani Wilmar's stock surged following a 105% increase in net profit to Rs 410.57 crore in Q3 FY25. Revenue rose 31% year-on-year to Rs 16,859 crore, with strong growth in the Food and FMCG sectors and edible oils.
Key Takeaways
- 105% increase in net profit to Rs 410.57 crore in Q3 FY25.
- Revenue jumped 31% year-on-year to Rs 16,859 crore.
- Highest quarterly operating EBITDA at Rs 792 crore, up 57%.
- Food and FMCG segment revenue up 22%.
- Adani Group raised Rs 4,850 crore from stake sale.
Mumbai, Jan 27 (NationPress) Adani Wilmar experienced a notable rise in its stock on Monday following a remarkable 105 percent increase in net profit, amounting to Rs 410.57 crore in Q3 FY25, compared to Rs 201 crore in the corresponding quarter last year.
For the quarter, revenue surged 31 percent (year-on-year) to Rs 16,859 crore, up from Rs 12,828 crore in Q3 FY24, as per the company’s filing with the stock exchange.
It achieved the highest-ever quarterly operating EBITDA of Rs 792 crore in Q3, reflecting a 57 percent increase (on-year).
As per the stock exchange filing, the Food and FMCG segment recorded a revenue growth of 22 percent, with an underlying volume growth of 23 percent. Revenue from edible oils grew by 38 percent YoY.
Adani Wilmar's stock surged nearly 5 percent on the NSE.
The company has shown strong profits over the last five quarters.
Its edible oils have gained market share in under-indexed markets and segments, such as Sunflower Oil and Mustard Oil. In wheat flour, it outperformed industry growth throughout the year.
Earlier this month, the Adani Group raised approximately Rs 4,850 crore by selling 13.5 percent of its stake in Adani Wilmar.
Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd, finalized the offer for sale (OFS) for a 13.5 percent stake in Adani Wilmar, targeting non-retail investors.
On December 30, the Group announced plans to exit Adani Wilmar Ltd (AWL) by divesting its entire 44 percent stake in the joint venture, aiming to raise over $2 billion.
Wilmar International Ltd. has agreed to purchase the 31 percent stake held by the Adani flagship in the edible oil manufacturer.
Adani Enterprises Ltd intends to utilize the proceeds from the sale to enhance its investments in core infrastructure sectors, including energy and utility, transportation and logistics, and other related primary industries.
