In the last financial year, Adani Wilmar, the leading oil industry, has made a huge profit. During the period, Adani Wilmar’s profit rose 58 per cent to Rs 727.64 crore.
Adani Wilmar made a net profit of Rs 727.64 crore in the last financial year. The company had a net profit of Rs 460.87 crore in the previous fiscal. Total revenue of the company is Rs. 25 per cent growth and Rs. 37,195.65 crore in the previous fiscal. 29,766.98 crore.
Preparing to bring an IPO: Adani Wilmar’s profit comes at a time when the company is preparing to launch its initial public offering (IPO). The company has submitted documents to the Indian Securities and Exchange Board (SEBI) for an IPO of Rs 4,500 crore. The company is listed on the stock market through an IPO. Ahmedabad-based company Adani sells its edible oils and other edible products under the Wilmar Fortune brand name.
Ramdev Taste Soy Challenge: Edible oil sector competitors in the share market A clash is expected between Adani Wilmar and Ruchi Soy. Currently, the price of taste soy share has crossed the Rs 1100 level. At the same time, the market cap of the company is close to 33 thousand crores. Let us tell you that Ramadev’s Patanjali Ayurveda acquired Ruchi Soya in 2019.
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Adani Wilmar was also interested in buying soy soy. However, the company later withdrew its name. Adani Wilmar is a joint venture between Adani Group and Singapore-based Wilmar. This joint venture was created in 1999.