Adani Wilmar logs 66% yoy growth in PAT for Q3FY22; stock zooms ~3%

15 Feb 2022 , 12:19 PM

On Tuesday, Adani Wilmar Ltd. opened in the upper circuit at Rs394.70 and is currently trading at Rs386.90 against its previous closing price of Rs376.30, up by Rs10.60 or 2.82%. During the trade so far, it also inched to Rs405, near its 52-week high of Rs419.90.

Adani Wilmar announced its first quarterly result post its listing and has reported outstanding performance during the quarter.

The company registered a 66% yoy growth in its consolidated PAT for the quarter ended December 2021 at Rs211.41 crore owing to higher sales during the quarter, as against a PAT of Rs127.39 crore in the previous corresponding quarter.

Adani Wilmar’s total income witnessed a growth of 40.71% yoy in Q3FY22 at Rs14,405.82 crore against Rs10,238.23 crore for Q3FY21.

Company’s profit for the nine-months period ended December 2021 stood at Rs569.45 crore as compared to Rs413.51 crore for the corresponding period, up by 37.71% yoy.

After a muted week, its scrip witnessed a solid turnaround leaving investors thrilled by giving over 90% return shareholders as stock inched to its new 52-week high of Rs419.90.