[ad_1]
ADANI WILMAR Q2 Results Live : ADANI WILMAR announced its Q2 results on October 24, 2024, reporting a significant recovery in performance with a profit of ₹311.02 crore. This marks a remarkable turnaround from a loss of ₹130.73 crore in the same period last fiscal year.
The company’s revenue for the quarter saw an increase of 17.88% year-over-year, showcasing strong growth momentum. Compared to the previous quarter, revenue also grew by 2.06%.
In terms of expenses, the selling, general, and administrative costs declined by 4.59% quarter-over-quarter but showed an increase of 12.26% year-over-year, indicating ongoing cost management efforts.
The operating income, however, experienced a decline of 9.32% compared to the previous quarter, although it demonstrated an impressive increase of 8590.32% year-over-year, illustrating the company’s recovery from prior challenges.
Earnings per share (EPS) for Q2 stood at ₹2.39, reflecting a staggering increase of 422.42% year-over-year. This growth in EPS signals enhanced profitability per share for the company.
Over the past week, ADANI WILMAR has delivered a return of 3.88%. However, the stock has seen a decline of 0.57% over the last six months and a year-to-date drop of 4.11%.
With a market capitalization of ₹44,228.06 crore, the company has a 52-week high of ₹410.5 and a low of ₹285.8, illustrating the volatility in its stock performance.
As of October 25, 2024, of the five analysts covering ADANI WILMAR, one has given a ‘Sell’ rating, two have recommended a ‘Hold,’ and two have suggested a ‘Buy.’ The consensus recommendation remains a ‘Hold’ as of the latest reviews.
[ad_2]
Source link
Leave a Reply