ADANI WILMAR LTD Q2 RESULTS
Edible oil prices rise 15% in a month
Companies like Adani Wilmar, Emami Agrotech, and Sunvin Group said while disruption in soyabean oil supplies from Argentina and Brazil is driving prices higher, mustard oil prices have risen as National Agricultural Cooperative Marketing Federation of India (NAFED) and Haryana State Co-operative Supply and Marketing Federation Ltd (HAFED) have purchased large quantities of mustard seeds.
Adani Group FY24 profit jumps 55% to cross Rs 30,000 crore. Jefferies likes 3 stocks
Adani Group Stocks: Adani Group's FY24 profit surges by 55% to Rs 30,768 crore post Hindenburg crisis. Jefferies favors Adani Enterprises, Adani Ports, and Adani Energy Solutions, citing robust EBITDA growth and strategic initiatives. Adani Ports set to join Sensex on June 24.
IIM Shillong placements recorded highest CTC of Rs 71.50 lakh
IIM Shillong's 2022-24 batch achieved a highest CTC of Rs 71.50 lakh per annum, with significant improvements in placements across various domains. The institute's focus on excellence and quality education reflects in the lucrative job offers received.
Q4 results today: Titan, Britannia, Adani Green among 49 companies to announce earnings on Friday
Q4 results today: 49 companies, including Titan and Adani Green, to reveal Q4 results. Titan foresees 18% revenue growth and 13% net profit rise. Watch out for updates from Titan, Britannia, MRF, Tata Tech, and other key players.
Adani Green Q4 Results: Consolidated PAT plunges 70% YoY to Rs 150 crore
Adani Green Q4 Results: Adani Green Energy reported a 70% YoY drop in net profit to Rs 150 crore for Q1 2024. Revenue fell 8.4% YoY to Rs 1,941 crore. EBITDA grew 30% to Rs 7,222 crore with operational capacity up 35%.
Adani Ports share price target goes up to Rs 1,782 after Q4 results. Should you buy, sell or hold?
Adani Ports Share Price: Following Adani Ports' robust performance in the March quarter, brokerages have raised target prices, with Citi setting a target of Rs 1,782, indicating a 32% upside potential. Adani Ports shares, up 100% in the past year, were trading at Rs 1,344, buoyed by strong Q4 results and optimistic FY25 guidance.
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Adani Enterprises Q4 Results: Cons PAT declines 38% YoY to Rs 451 crore
Adani Enterprises Q4 Results: The company's board has recommended a dividend of Rs 1.30 per equity share for the financial year 2023-24. The consolidated revenue from operations for the reporting quarter stood at Rs 29,180 crore, marginally up by 0.81%.
Adani Enterprises Q4 Results: Net profit plunges 39% YoY to Rs 449 crore on exceptional loss
Adani Enterprises’ consolidated net profit slipped two-fifth on year to Rs 449 crore in the March quarter, bogged down by a one-time loss in its airport operations, and due to higher costs.
Adani Ports Q4 net profit jumps 77% to Rs 2014.77 crore
Consolidated total income increased to Rs 7,199.94 crore for the fourth quarter of FY24 against Rs 6,178.35 crore in the year-ago period.
Adani Enterprises got 2 Sebi show cause notices over Hindenburg report in Q4FY24
The alleged non-compliance pertains to related party transactions with respect to certain transactions with third parties, and validity of peer review certificates of statutory auditors in previous years, the filing said.
Adani Wilmar food business should double for next 3-5 years: Angshu Mallick
Adani Wilmar expects improved margins in FY25 with a focus on oil meal products and distribution efficiency. Angshu Mallick foresees doubling the food business volume to two million tonnes in the next four years.
Adani Ports announces dividend of Rs 6; check record date and payment date
Adani Ports and Special Economic Zone declared a dividend of Rs 6 per equity share on Thursday along with their Q4 results. The Adani Group company has declared June 14 as the record date for determining eligible shareholders and the payment will take place on or after June 30.
Adani Ports guides for Rs 10,500-11,500 cr capex in FY25, banks on Gopalpur Port to achieve 500 MMT cargo volumes
Adani Ports and Special Economic Zone (APSEZ) plans a capital expenditure of Rs 10,500-11,500 crore in FY25. Acquisition of Gopalpur Port aims to boost cargo volumes by 500 MMT. FY25 targets include 460-480 MMT cargo volumes and Rs 29,000-31,000 crore revenue. EBITDA expected at Rs 17,000-18,000 crore with net debt to EBITDA ratio around 2.2-2.5x.
Adani Ports Q4 Results: Cons PAT jumps 77% YoY to Rs 2,015 crore; firm announces Rs 6/share dividend
Adani Ports Q4 Results: Adani Ports and Special Economic Zone recorded a 77% YoY rise in consolidated net profit to Rs 2,014.77 crore, with revenue from operations increasing by 19% to Rs 6,896.50 crore. The board proposed a dividend of Rs 6 per share.
Q4 results today: Adani Enterprises, Coal India among 49 companies to announce earnings
49 companies, including Adani Enterprises and Coal India, will announce Q4 results today. Notable companies include Dabur India, Federal Bank, Digicontent, Blue Star, Ajantha Pharma, JBM Auto and KPR Mills.
Stocks in news: Adani Wilmar, Adani Enterprises, Jindal Stainless, Adani Ports, Kotak Bank, Wipro
Adani Power's fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country.
Adani Power Q4 Results: Sales volume jumps 55% YoY, PAT slips on high base
An improvement in power demand, lower import coal prices and a larger installed capacity boosted sales volumes, which helped the continuing total revenue grow 29% on year to Rs 13,787 crore.
Adani Power Q4 Results: Net profit slides 48% YoY to Rs 2,737 crore on increased expenses
Adani Power Q4 Results: Its net profit was Rs 5,242.48 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing.
Adani Wilmar Q4 Results: Net profit soars 67% YoY to Rs 157 crore; revenue down 5%
Adani Wilmar Q4 Results: Revenue from operations in the reporting period was Rs 13,238 crore. The company had clocked revenues of 13,872 crore in the corresponding period of last year.
Q4 results today: Ambuja Cements, Adani Wilmar among 18 companies to announce earnings
Adani group leads Q4 earnings with multiple companies reporting results today. Ambuja Cements expected to show growth, while Adani Wilmar anticipates revenue dip but higher operating profit.
Adani Energy, Adani Total Gas shares surge ahead of Q4 earnings
Shares of Adani Total Gas (ATG) rallied over 3% while Adani Energy Solutions saw a surge of 2.5% ahead of Q4 results.
Q4 results today: Indian Oil, Adani Energy among 55 companies to announce earnings
On Tuesday, investors are eagerly anticipating quarterly results from a total of 55 companies, with a spotlight on the Adani Group entities including Adani Energy and Adani Total Gas. Indian Oil's performance is also among those closely observed.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
Q4 results preview: 29 companies likely to report doubling of profit
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.
Branded packaged staples regain favor among consumers amid commodity price decline
This has pushed up the volume or number of units sold growth rate of packaged staples in commodities where prices have fallen as compared to the loose market – in a reversal of trend during FY22 and FY23 when consumers had shifted to loose products due to sky high inflation.
Adani Ports Q3 Results: Net profit jumps 68% YoY to Rs 2,208 crore
Adani Ports Q3 Results: Revenue from operations in the third quarter rose 44% year-on-year (YoY) to Rs 6,920 crore. Adani Ports reported an EBITDA of Rs 4,293 crore for the December quarter, which is an increase of 59% YoY. EBITDA margins in the reporting period were at 62%.
There’s been a complete turnaround from Q1 and Q2; in Q3, we are back to normal: Angshu Mallick, Adani Wilmar
Angshu Mallick and Shrikant Kanhere of Adani Wilmar discuss the company's performance and future outlook. They highlight the turnaround in Q3 compared to Q1 and Q2, with steady growth in the volume of food and industrial essentials. The edible oil business has shown significant growth, particularly in packed edible oil. The company expects improvement in margins going forward, as palm oil prices have stabilized. They also discuss the demand trends in both rural and urban areas, with increased consumption of edible oil and the growth of the Fortune brand.
Adani Wilmar Q3 Results: Profit declines 18% YoY to Rs 201 crore; revenue drops 17%
Adani Wilmar Q3 Results: Adani Wilmar reported an 18% YoY drop in Q3 FY24 profit at Rs 200.9 crore. The company achieved the second-best EBITDA till date of Rs 504 crores in Q3. The revenues from branded products in the domestic market have been growing at 40%+ YoY. Adani Wilmar is focusing on scaling up its General Trade distribution network to realize the immense opportunity in packaged staple foods.
In Q3 and Q4, we should be able to recover whatever we have lost in Q1 and Q2: Adani Wilmar management
“In exports, we have a two-brand strategy. One is Fortune and one is Jubilee brand. We now export to almost 50 countries. And we are now exporting branded Atta, Chakki Fresh Atta Fortune to Europe and the US as well. We are there in the Middle East, Southeast Asia and Australia. ”
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