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.
NPA provisioning for banks moderates in Q2 driven by PSBs
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector