Edible oil major Adani Wilmar on Monday reported a 26 per cent decline in consolidated net profit at Rs 234.29 crore for the quarter ended March on higher tax expenses.
The company had posted a net profit of Rs 315 crore in the year-ago period.
In a regulatory filing, Adani Wilmar reported that its total income increased to Rs 15,022.94 crore during the January-March period of last fiscal from Rs 10,698.51 crore in the corresponding period of 2020-21.
During the full 2021-22 financial year, the company's net profit rose to Rs 803.73 crore from Rs 728.51 crore in the previous fiscal.
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Total income grew to Rs 54,385.89 crore as against Rs 37,194.69 crore earlier.
Adani Wilmar, which sells its cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture between business conglomerate Adani Group and Singapore-based Wilmar.
The company recently got listed on the stock exchange after raising Rs 3,600 crore through an Initial Public Offer (IPO).
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