Adani Wilmar Q4 Results: Net profit tanks 26% YoY, revenue rises 40% - Economic Times

5/2/2022 12:00:00 AM3 yearsago
by Shubham Raj

The company said it had seen a one time gain in form of income tax reversal in the base quarter as the company shifted to reduced corporate tax of 25 per cent. Adjusting for that, the net profit has seen an increase of 39 per cent year-on-year.

NEW DELHI: Adani Wilmar, which was listed on the bourses in February this year, on Monday said its consolidated net profits for quarter-ended March stood at Rs 234.29 crore, down 25.62 per cent from … [+2285 chars]

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Adani Wilmar Q4 Results: Net profit tanks 26% YoY, revenue rises 40% - Economic Times

The company said it had seen a one time gain in form of income tax reversal in the base quarter as the company shifted to reduced corporate tax of 25 per cent. Adjusting for that, the net profit has seen an increase of 39 per cent year-on-year. ​​​

The company said it had seen a one time gain in form of income tax reversal in the base quarter as the company shifted to reduced corporate tax of 25 per cent. Adjusting for that, the net profit has seen an increase of 39 per cent year-on-year.