Gautam Adani’s company’s profit fell by 26% in the fourth quarter, income increased
Adani Wilmar Limited’s consolidated net profit for the fourth quarter ended March fell by 26 percent to Rs 234.29 crore.
Adani Wilmar Limited’s consolidated net profit for the fourth quarter of the last financial year ended March fell by 26 percent to Rs 234.29 crore. The company has said that its profits have come down due to increased expenditure on tax.
Adani Wilmar Limited, a leading company in the edible oil sector ,Adani Wilmar, consolidated net profit for the fourth quarter of the last financial year ended in March (Net Profit) With a decline of 26 percent, it has come down to Rs 234.29 crore. The company gave this information on Monday. The company has said that the tax (tax) But due to increase in expenses, his profit has come down. The company had made a net profit of Rs 315 crore in the same period a year ago. In the information sent to the stock exchanges, Adani Wilmar told that his total income (Income) It has increased to Rs 15,022.94 crore in the January-March quarter of the last financial year, which was Rs 10,698.51 crore in the same period of 2020-21.
During the last financial year, the company’s net profit has increased to Rs 803.73 crore from Rs 728.51 crore in the previous financial year.
The company had raised Rs 3,600 crore through IPO
The company’s total income during the financial year increased to Rs 54,385.89 crore from Rs 37,194.69 crore earlier. Recently, the company raised Rs 3,600 crore through an initial public offering (IPO) and was listed on the stock exchanges.
Let us tell you that Adani Wilmar is a joint venture between Adani Group and Wilmar Group. Adani Wilmar’s share in India’s edible oil market is 19 percent. Adani Wilmar also has access to the global market. Wilmar holds 44 per cent stake in this joint venture. Adani Wilmar has a strong relationship with the suppliers. Due to port business, the company also gets benefit in the supply chain.
Let us tell you that the companies of Adani Group have been doing wonders for some time now. Investors are getting rich. A few days ago, the market cap of Adani Power had crossed 1 lakh crore and then the market cap of Adani Wilmar had also crossed 1 lakh crore. JP Morgan says that Adani Wilmar’s volume growth of 6-8 per cent is possible in the cooking oil segment in the medium term. Adani Wilmar’s supply network in South, West and Rural markets is very strong, due to which its stock will remain bullish for now.
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