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ADANI WILMAR Q2 Results: Profit at ₹311.02Cr, Revenue Increased by 17.88% YoY
ADANI WILMAR Q2 results: Revenue increased by 17.88% YoY & profit at ₹311.02Cr
ADANI WILMAR Q2 Results Live : ADANI WILMAR announced its Q2 results on October 24, 2024, reporting a significant recovery in performance with a profit of ₹311.02 crore. This marks a remarkable turnaround from a loss of ₹130.73 crore in the same period last fiscal year.
The company's revenue for the quarter saw an increase of 17.88% year-over-year, showcasing strong growth momentum. Compared to the previous quarter, revenue also grew by 2.06%.
In terms of expenses, the selling, general, and administrative costs declined by 4.59% quarter-over-quarter but showed an increase of 12.26% year-over-year, indicating ongoing cost management efforts.
The operating income, however, experienced a decline of 9.32% compared to the previous quarter, although it demonstrated an impressive increase of 8590.32% year-over-year, illustrating the company's recovery from prior challenges.
Earnings per share (EPS) for Q2 stood at ₹2.39, reflecting a staggering increase of 422.42% year-over-year. This growth in EPS signals enhanced profitability per share for the company.
Over the past week, ADANI WILMAR has delivered a return of 3.88%. However, the stock has seen a decline of 0.57% over the last six months and a year-to-date drop of 4.11%.
With a market capitalization of ₹44,228.06 crore, the company has a 52-week high of ₹410.5 and a low of ₹285.8, illustrating the volatility in its stock performance.
As of October 25, 2024, of the five analysts covering ADANI WILMAR, one has given a 'Sell' rating, two have recommended a 'Hold,' and two have suggested a 'Buy.' The consensus recommendation remains a 'Hold' as of the latest reviews.
ADANI WILMAR Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 14460.45 | 14168.58 | +2.06% | 12267.15 | +17.88% |
| Selling/ General/ Admin Expenses Total | 113.58 | 119.04 | -4.59% | 101.18 | +12.26% |
| Depreciation/ Amortization | 92.43 | 96.42 | -4.14% | 95.74 | -3.46% |
| Total Operating Expense | 13986.69 | 13646.13 | +2.5% | 12272.73 | +13.97% |
| Operating Income | 473.76 | 522.45 | -9.32% | -5.58 | +8590.32% |
| Net Income Before Taxes | 401.87 | 418.17 | -3.9% | -161.76 | +348.44% |
| Net Income | 311.02 | 313.2 | -0.7% | -130.73 | +337.91% |
| Diluted Normalized EPS | 2.39 | 2.41 | -0.83% | -0.74 | +422.42% |
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Business NewsCompaniesCompany ResultsADANI WILMAR Q2 Results: Profit at ₹311.02Cr, Revenue Increased by 17.88% YoY
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₹311.02Cr
₹14460.45Cr
First Published:25 Oct 2024, 10:08 AM IST
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