Adani Wilmar shares surged by 6% following the announcement of its impressive financial performance for the quarter ending December 31, 2024. As of 1:35 PM, Adani Wilmar shares were trading 4.15% higher at Rs 262.30.
The company reported a consolidated net profit of ₹410.93 crore, marking a 42% year-on-year increase from ₹289.12 crore in the same quarter last year. This growth was driven by operational efficiencies and higher revenues.
Total revenue from operations rose by 23% YoY, reaching ₹15,859.31 crore in Q3 FY25 compared to ₹12,828.36 crore in Q3 FY24. Including other income of ₹66.69 crore, the company’s total income stood at ₹16,926.00 crore, up from ₹12,887.21 crore in the corresponding period.
Despite an increase in raw material costs and operational expenditures, Adani Wilmar managed to sustain its growth momentum. The company’s total expenses amounted to ₹16,379.76 crore, primarily driven by the cost of materials consumed, which stood at ₹14,076.58 crore. Other major expenses included employee benefits, finance costs, and depreciation.
Profit before tax (PBT) reached ₹546.24 crore, reflecting significant growth from ₹401.87 crore in Q2 FY25. Exceptional items remained unchanged at ₹53.51 crore for the quarter.
For the nine months ended December 31, 2024, Adani Wilmar reported a cumulative net profit of ₹986.71 crore, a notable rise from ₹777.96 crore in the same period last year. Total revenue for the nine-month period climbed to ₹45,664.34 crore, compared to ₹38,212.98 crore in FY24.
