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Adani Wilmar's Stunning Q2 Comeback: Net Profit Hits Rs 311 Crore, Erases Losses!

News by Aliceblue News Desk

24 Oct 2024

Adani Wilmar's Stunning Q2 Comeback: Net Profit Hits Rs 311 Crore, Erases Losses!

Adani Wilmar Q2 Results highlight a significant turnaround, with the company reporting a net profit of Rs 311 crore, a substantial recovery from a Rs 131 crore loss in the same quarter last year. This marks a robust period of profitability for the firm.

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Operating income soared nearly fourfold, reflecting an impressive increase in EBITDA to Rs 566.19 crore. This surge underscores the company’s operational efficiency and strong management practices during the quarter.

Revenue also experienced a healthy growth, increasing by 17.9% to reach Rs 14,460.45 crore. This revenue growth contributed significantly to the overall profitability and financial health of the company.

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The profit margins notably improved, rising from 1.2% to 3.9%. This enhancement in margins demonstrates the company’s ability to optimise its operations and significantly boost its earnings, solidifying its financial footing.

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