Adani Wilmar's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Adani Wilmar for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 14,209 | -13.22 | 12,994 | -5.1 | 12,331 |
| Total Expenses (₹crs.) | 14,149 | -12.09 | 13,061 | -4.76 | 12,439 |
| Net Profit (₹crs.) | 31 | -519.35 | -59 | -120.34 | -130 |
| Margin (%) | 0.22 | -1.27 | -0.45 | -0.60 | -1.05 |
REVENUE:
Adani Wilmar reported a total income of ₹12,331 crores in the second quarter of fiscal year 2024, which represents a decline of 5.1% compared to the preceding quarter, . Year-on-year (YoY), there was a substantial decrease of 13.22% from ₹14,209 crores in Q2FY23.
EXPENSES:
The company's total expenses for Q2FY24 amounted to ₹12,439 crores, which signifies a decline of 4.76% compared to the expenses in the preceding quarte. In a YoY comparison, expenses decreased by 12.09% from ₹14,149 crores in Q2FY23.
NET PROFIT:
In the second quarter of fiscal year 2024, Adani Wilmar reported a net loss of ₹130 crores, which is a notable decline compared to the net loss of ₹59 crores in Q1FY24. On a YoY basis, there was a significant decrease in profitability of 519%.
MARGINS:
Adani Wilmar's margin in Q2FY24 was -1.05%, representing a notable decline from the margin of -0.45% in the preceding quarter, Q1FY24. Year-on-year, the margin saw a substantial decrease of -1.27% from 0.22% in Q2FY23.
In conclusion, Adani Wilmar's financial performance in the second quarter of fiscal year 2024 reflects a decline in revenue and a significant decrease in profitability. The company faced challenges resulting in a net loss for the quarter, with margins showing a noteworthy decline.
Stay tuned for more updates on upcoming financial performances.