Broker's call: Whirlpool (Buy)
Centrum Broking26-05-2022
Q4FY22 Quarterly Result Announced for Whirlpool of India Ltd.
Consumer Electronics company Whirlpool of India announced Q4FY22 result: FY(Fiscal Year) Consolidated Total revenue from operations of Rs 6,197 crore up 5.0% vs. LY(Last Year) FY Consolidated EBITDA of Rs. 415.7 crore lower by 19.9% vs LY FY Consolidated PBT at Rs 650.4 crore up by 38.5% vs. LY FY Consolidated PAT at Rs 567.4 crore up by 61.3% vs LY Q4 Consolidated Total revenue from operations of Rs 1,707 crore, down by 4.1% vs. LY Q4 Consolidated EBITDA of Rs. 147.6 crore down by 22.2% vs LY Q4 Consolidated PBT at Rs 112.8 crore down by 34.6% vs. LY Q4 Consolidated PAT at Rs 84.5 crore down by 35.1% vs LY due to soft industry demand and rising commodity costs. Board of Directors of the Company at its meeting held today have recommended a Final Dividend of Rs. 5 per equity share of the face value of Rs. 10/- each (50%) for the FY22. Mr Arvind Uppal, Chairman Whirlpool of India Limited said, "The normalisation of post Covid demand along with high inflation across the board has hurt the durable industry. Growth vs profitability needs to be balanced and recent fiscal actions by the government should help soften the impact. Whilst this turbulent period is not over we have managed to tide over the most difficult part and remain confident about the future" Mr Vishal Bhola, Managing Director Whirlpool of India Limited said, "We finished the year with a 5% topline growth and a FY consolidated profit growth of 61% which included a one off gain with the Elica acquisition. The quarter results showed a 4% decline in topline and a 35% decline in profit. Volumes were impacted by soft industry demand in the beginning of the quarter however an early and intense summer saw a strong comeback in March. Inflation headwinds continue to be a concern but have been addressed through both cost-based pricing and cost actions." Result PDF26-05-2022
WHIRLPOOL OF INDIA LTD. - 500238 - Board recommends Final Dividend
Whirlpool of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2022, inter alia, have recommended Final Dividend of Rs. 5 per equity share of the face value of Rs. 10 each (50%) for the financial year 2021-22.25-05-2022
WHIRLPOOL OF INDIA LTD. - 500238 - Board to consider FY22 results & Dividend on May 25, 2022
Whirlpool of India Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held onMay 25, 2022 inter alia, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2022 and to recommend dividend, if any, for the financial year ended March 31, 2022.Further, as per the Company''s Code of Conduct for Prohibition of Insider Trading, the "Trading Window" for dealing in securities of the company was closed from April 01, 2022 till forty eighty hours from the declaration of the financial results.19-05-2022
WHIRLPOOL OF INDIA LTD. - 500238 - Compliances-Reg.24(A)-Annual Secretarial Compliance
As enclosed.18-05-2022