Adani Wilmar Ltd faced challenges in the latest quarter, reporting a loss of Rs 131 crore due to problems in the edible oil segment. This resulted in a significant contrast from the profit of Rs 49 crore during the same period last year. The revenue also fell by 13%, amounting to Rs 12,267 crore compared to Rs 14,150 crore in the previous year.
Their EBITDA for the quarter was Rs 144 crore, marking a 43% decrease from the Rs 254 crore of the prior year. The company stated that the loss in the edible oil segment was the primary reason for the reduced profitability. Despite this, they observed better margins in the Food & FMCG and industry essential segments. The losses in the edible oil segment were due to differences in spot and future prices, resulting in hedging losses.
