Adani Wilmar Limited, a joint venture between Adani Group and Wilmar International, has announced its Q3 results, achieving significant growth in sales volume and revenue. The company reported a 6% increase in sales volume and a 33% increase in revenue, driven by strong demand for its oilseeds and grains products.
The company’s key highlights include:
* Sales volume of 3.3 million metric tons, up 6% from the same period last year
* Revenue of INR 12,431 crore (approximately AUD 2.5 billion), up 33% from the same period last year
* Earnings before interest, taxes, depreciation, and amortization (EBITDA) of INR 341 crore (approximately AUD 67 million), up 44% from the same period last year
* Gross profit margin of 26.1%, up 250 basis points from the same period last year
The company attributed its strong performance to its strategic expansion into new markets, increased production capacity, and a favorable market environment. Adani Wilmar’s Q3 results demonstrate its ability to capitalize on growing demand for oilseeds and grains products in India and other parts of Asia. With its strong financial performance and robust growth prospects, Adani Wilmar is well-positioned to continue delivering value to its shareholders.