WHIRLPOOL OF INDIA LTD. - 500238 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
As enclosed01-01-2022
WHIRLPOOL OF INDIA LTD. - 500238 - Closure of Trading Window
This is to inform you that pursuant to Company's Code of Conduct for Prohibition of Insider Trading, the 'Trading Window' for dealing in securities of the Company shall remain closed from 01st January, 2022 until completion of 48 hours after the declaration of the unaudited financial results of the Company for the quarter ended 31st December, 2021. This is for your kind information and necessary records.30-12-2021
Buy Whirlpool of India; target of Rs 2900: Motilal Oswal
Motilal Oswal is bullish on Whirlpool of India recommended buy rating on the stock with a target price of Rs 2900 in its research report dated December 08, 2021.09-12-2021
Whirlpool of India dips 10%, hits 52-week low in a firm market
Since November 1, 2021, the stock has underperformed the market by falling 19% after the company reported 39% YoY decline in its standalone net profit at Rs 78.50 crore in Q208-12-2021
Q2FY22 Quarterly Result Announced for Whirlpool of India Ltd.
Financial Highlights: Total Revenue from operations up 0.5% vs LY Consolidated Profit before Tax (PBT) Rs 441.6 Cr, up 147.1 % vs LY Consolidated Profit after Tax (PAT) Rs 413.2 Cr, up 206.8 % vs LY Total revenue from operations of Rs 1,607 Cr, up 20% sequentially QoQ and up 0.5% vs. LY EBITDA of Rs. 129.4 Cr down by 28.6% vs LY Standalone PBT at Rs 106.9 Cr down by 38.1% vs. LY PAT at Rs 78.5 Cr down by 39.0% vs LY Mr Arvind Uppal, Chairman Whirlpool of India Limited said, "Our results this quarter were positively impacted by the acquisition of a majority stake in Elica India a brand leader in the premium cooking space. This is one of our key strategic pillars for driving future growth and profitability. The quarter saw headwinds on the cost and supply chain side. Growth is impacted by a high base effect and should recover as the economy opens up." Mr Vishal Bhola, Managing Director Whirlpool of India Limited said, “With COVID replated disruptions abating, we saw sequential QoQ revenue growth of 20%. YoY growth was 1% as the last year benefitted from the pent up demand. Demand came back stronger in the mid and premium segment which was however impacted most with supply side volatility. Unprecedented cost and fuel inflation put pressure on our margins which was mitigated partially through cost led price increases and productivity actions. In line with our ambition to accelerate profitable growth, we acquired additional 38% share holding in Elica PB India Private Limited (Elica India) for a consideration of Rs. 424.8 Cr. taking our total shareholding to 87%. The acquisition resulted in a one off gain of Rs 324 Cr. due to fair valuation of existing assets.” Result PDF02-11-2021
