Adani Wilmar's Q1 financials show mixed results, with positive trends in PBT and PAT

Adani Wilmar, a leading FMCG company in India, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Adani Wilmar's performance for the quarter has remained flat. However, there has been a significant improvement in the company's score, which has increased from 0 to 5 in the last three months.

One of the key factors contributing to this improvement is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 259.1% compared to the average PBT of the previous four quarters. This indicates a positive trend in the company's near-term PBT.

Similarly, the Profit After Tax (PAT) has also shown a significant growth of 353.2% compared to the average PAT of the previous four quarters. This is a positive sign for the company's near-term PAT trend.

However, the company's Non Operating Income for the quarter is 49.42% of the PBT, which is a cause for concern. This indicates that a significant portion of the company's income is coming from non-business activities, which may not be sustainable in the long run.

Overall, Adani Wilmar's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative factors. Investors are advised to carefully evaluate the company's financials before making any investment decisions.