Adani Wilmar, the recently listed company of Adani Group, has released the quarterly results for the first time after being listed in the stock market. The company’s profit has increased by 66 per cent year-on-year to Rs 211 crore.
Adani Wilmar Latest Stock Price: The recently listed company of the Adani Group, Adani Wilmar, has had a very good December quarter. The company has released its quarterly results for the first time after being listed on the stock market. The company’s profit has increased by 66 per cent year-on-year to Rs 211 crore. Adani Wilmar is a FMCG sector company, whose stock market was listed on 8 February last week. Investors in this stock have got returns of up to 70 percent compared to the issue price.
Excellent December quarter
Branded edible oil and packaged food maker Adani Wilmar’s profit grew 66 per cent year-on-year to Rs 211 crore. Whereas in the same quarter a year ago, the company had a profit of Rs 127 crore. At the same time, the revenue coming from operations of the company has increased by 40 percent to Rs 14,379 crore. Whereas in the same quarter a year ago, the company’s revenue was 10,229 crores. The company’s revenue in the edible oil segment has increased from Rs 8647 crore to Rs 12118 crore on an annual basis.
70% return from issue price
Adani Wilmar’s stock was listed in the stock market on 8 February 2022. The issue price for the IPO was Rs 230, while the stock was listed at Rs 274. On the day of listing, it closed at Rs 265, up 15 per cent from the issue price. At the same time, today the share price has reached Rs 399, which is about 70 percent more than the issue price. By the way, the maximum price of the stock had reached Rs 420.
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