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Adani Wilmar shares slip for third straight session; what s next?

Adani Wilmar shares fall after Q2 net profit tanks 73%

Shares of Adani Wilmar plunged nearly 3 per cent in afternoon session today after the Adani Group firm reported a 73 percent fall in net profit for the quarter ended September.  Net profit slipped to Rs 49 crore against Rs 182 crore profit in the second quarter of the previous fiscal.  However, revenue rose 5% to Rs 14,209 crore in Q2 against  Rs 13,584 crore in the September quarter of the previous fiscal. 

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