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Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Whirlpool of India Ltd.

Consumer Electronics company Whirlpool of India announced Q2FY24 & H1FY24 results: Consolidated Q2FY24: Total Revenue from Operations: Rs 1,521.6 crore, a decrease of 5.6% compared to Q2FY23. EBITDA: Rs 73.1 crore, a decrease of 17.8% compared to Q2FY23. PBT (Profit Before Tax): Rs 52.3 crore, a decrease of 21.9% compared to Q2FY23. PAT (Profit After Tax): Rs 38.2 crore, a decrease of 22.1% compared to Q2FY23. Consolidated H1FY24: Total revenue from operations: Rs 3,560.2 crore, a decrease of 3.6% compared to H1FY23. EBITDA: Rs 196.5 crore, a decrease of 11% compared to H1FY23. PBT (Profit Before Tax): Rs 150.9 crore, a decrease of 16.7% compared to H1FY23. PAT (Profit After Tax): Rs 114.9 crore, a decrease of 14% compared to H1FY23. Narasimhan Eswar, Managing Director Whirlpool of India said, "We delivered a marginal volume increase in a competitive yet flattish market. Revenue is lower by 5.6% vs last year due to down pricing action taken in the early part of the calendar year to aid competitiveness. Profitability is affected due to pricing and impact of regulatory changes in this calendar year. Elica India* business is trending well." Result PDF
03-11-2023
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