Adani Wilmar Q4 profit plummets 60%
The Business Guardian|May 04, 2023
Adani Wilmaron Wednesday said its profit after tax went down 60 per cent to Rs 94 crore in the quarter ended March 31, 2023, against Rs 234 crore in the year-ago period.
Adani Wilmar Q4 profit plummets 60%

The revenue went down 7 per cent to Rs 13,873 crore, against Rs 14,917 crore in the corresponding quarter in the previous year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) of the company also declined 16 per cent to Rs 359 crore in the reviewed quarter, against Rs 426 crore in the year-ago period.

Adani Wilmar Limited in a statement said it recorded 15 per cent volume growth. Consolidated revenue witnessed a decline of 7 per cent in the reviewed quarter, due to fall in the prices of edible oil.

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