Consolidated net sales (including other operating income) of Whirlpool of India has increased 3.21% to Rs 1541.95 crore. Operating profit margin has declined from 6.73% to 5.40%, leading to 17.27% decline in operating profit to Rs 83.23 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 58.88% to 54.91%. Purchase of finished goods cost rose from 5.72% to 8.56%. Employee cost increased from 10.89% to 11.75%. Other expenses rose from 18.01% to 18.40%. Other income fell 37.38% to Rs 17.76 crore. PBIDT fell 21.69% to Rs 100.99 crore. Provision for interest fell 75.29% to Rs 1.68 crore. PBDT fell 18.70% to Rs 99.31 crore. Provision for depreciation rose 8.80% to Rs 38.2 crore. Profit before tax down 29.80% to Rs 61.11 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 16.92 crore, compared to Rs 22.68 crore. Effective tax rate was 27.69% compared to 24.12%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 38.55% to Rs 43.85 crore. Nine month performance
Net sales (including other operating income) of Whirlpool of India has increased 8.96% to Rs 4489.66 crore.
Operating profit margin has declined from 7.99% to 5.97%, leading to 18.59% decline in operating profit to Rs 268.10 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 54.76% to 55.96%. Purchase of finished goods cost rose from 5.74% to 9.56%. Employee cost decreased from 12.12% to 10.88%. Other expenses fell from 18.83% to 17.24%. Other income fell 34.74% to Rs 49.89 crore. PBIDT fell 21.63% to Rs 317.99 crore. Provision for interest fell 25.41% to Rs 11.27 crore. PBDT fell 21.49% to Rs 306.72 crore. Provision for depreciation fell 1.82% to Rs 103.94 crore. Profit before tax down 28.80% to Rs 202.78 crore. Share of profit/loss was 17.45% lower at Rs 10.17 crore. Provision for tax was expense of Rs 54.65 crore, compared to Rs 75.35 crore. Effective tax rate was 10.17% compared to 25.36%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 117.59% to Rs 482.55 crore. Promoters’ stake was 75.00% as of 31 December 2021 ,compared to 75.00% as of 31 December 2020 .
| Whirlpool of India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,541.95 | 1,493.98 | 3.21 | 4,489.66 | 4,120.50 | 8.96 | 5,899.89 | 5,992.52 | -1.55 | | OPM (%) | 5.40 | 6.73 | -134 bps | 5.97 | 7.99 | -202 bps | 8.80 | 11.24 | -244 bps | | OP | 83.23 | 100.60 | -17.27 | 268.10 | 329.33 | -18.59 | 518.98 | 673.35 | -22.93 | | Other Inc. | 17.76 | 28.36 | -37.38 | 49.89 | 76.45 | -34.74 | 89.60 | 128.71 | -30.39 | | PBIDT | 100.99 | 128.96 | -21.69 | 317.99 | 405.78 | -21.63 | 608.58 | 802.06 | -24.12 | | Interest | 1.68 | 6.80 | -75.29 | 11.27 | 15.11 | -25.41 | 15.34 | 19.85 | -22.72 | | PBDT | 99.31 | 122.16 | -18.70 | 306.72 | 390.67 | -21.49 | 593.24 | 782.21 | -24.16 | | Depreciation | 38.2 | 35.11 | 8.80 | 103.94 | 105.87 | -1.82 | 142.1 | 129.32 | 9.88 | | PBT | 61.11 | 87.05 | -29.80 | 202.78 | 284.8 | -28.80 | 451.14 | 652.89 | -30.90 | | Share of Profit/(Loss) from Associates | 0 | 6.99 | - | 10.17 | 12.32 | -17.45 | 18.56 | 13.9 | 33.53 | | PBT before EO | 61.11 | 94.04 | -35.02 | 212.95 | 297.12 | -28.33 | 469.7 | 666.79 | -29.56 | | EO Income | 0 | 0 | - | 324.59 | 0 | - | 0 | 0 | - | | PBT after EO | 61.11 | 94.04 | -35.02 | 537.54 | 297.12 | 80.92 | 469.7 | 666.79 | -29.56 | | Taxation | 16.92 | 22.68 | -25.40 | 54.65 | 75.35 | -27.47 | 117.87 | 176.6 | -33.26 | | PAT | 44.19 | 71.36 | -38.07 | 482.89 | 221.77 | 117.74 | 351.83 | 490.19 | -28.23 | | Minority Interest (MI) | 0.34 | 0 | - | 0.34 | 0 | - | 0 | 0 | - | | Net profit | 43.85 | 71.36 | -38.55 | 482.55 | 221.77 | 117.59 | 351.83 | 490.19 | -28.23 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 43.85 | 71.36 | -38.55 | 482.55 | 221.77 | 117.59 | 351.83 | 490.19 | -28.23 | | EPS (Rs)* | 3.46 | 5.62 | -38.55 | 15.12 | 17.48 | -13.51 | 27.73 | 38.64 | -28.23 | | | * EPS is on current equity of Rs 126.87 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|