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Q2FY23 Quarterly Result Announced for Whirlpool of India Ltd.

Consumer electronics company Whirlpool of India announced Q2FY23 results: Consolidated Total Revenue from operations remains flat with 0.3% growth vs last year Consolidated PBT (before exceptional item) Rs 66.99 crore was lower by 42.7% vs last year (Growth normalised for exceptional gain of Rs. 324.6 crore from Elica Acquisition in last year) Consolidated Profit before Tax (PBT) Rs 66.99 crore, lower by 84.83% vs last year Consolidated PAT was lower by 44.7% vs last year (Growth normalised for exceptional gain of Rs. 324.6 crore from Elica Acquisition in last year) Consolidated Profit after Tax (PAT) Rs 49 crore, lower by 88.1 % vs last year Mr. Vishal Bhola, Managing Director Whirlpool of India Limited said, "Our results this quarter showed flat revenue growth with a double digit growth in our Elica business balancing out a muted performance in the entry segment. Normalised profit after adjusting for a one off gain last year of Rs. 324 crore. due to fair valuation of assets from the Elica acquisition, declined by 45% for the quarter. Our margins were impacted by commodity headwinds in the quarter. This quarter, we took a big step in the Laundry category with the inauguration of the new state of the art washing machine facility in Puducherry. Built with an investment of Rs 115 crore, this will help Whirlpool compete aggressively in premium front load washing machines." Result PDF
02-11-2022

Whirlpool India Q2 profit down 88% to Rs 49 cr; revenue flat at Rs 1,611 cr

Consumer durables firm Whirlpool of India Ltd on Tuesday reported a decline of 88.13 per cent in its consolidated net profit at Rs 49.02 crore for the second quarter ended September 2022 on account of commodity headwinds and a one-time gain last fiscal. The company had posted a net profit of Rs 413.19 crore during the July-September period of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations was marginally up at Rs 1,611.54 crore. It was 1,607.10 crore in the September quarter of the last fiscal. Whirlpool of India's total expenses were at Rs 1,566.89 crore, up 3.33 per cent. Its profit after tax was down "mainly on account of rising commodity costs and inflation partially offset by cost-based price increases and cost productivity actions," Whirlpool of India said in an earnings statement. In the last fiscal, Whirlpool of India had acquired additional shareholding of 38.25 per cent in Elica PB I
01-11-2022
Bigul

WHIRLPOOL OF INDIA LTD. - 500238 - Board Meeting Intimation for Whirlpool Of India Limited Has Informed The Exchange About Board Meeting To Be Held On 01-Nov-2022 To Consider Financial Results For The Period Ended 30Th September 2022.

WHIRLPOOL OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/11/2022 ,inter alia, to consider and approve As enclosed.
26-10-2022
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