Results     10-Feb-20
Analysis
Whirlpool of India
OPM cools off in Q3
Related Tables
 Whirlpool of India: Results
Whirlpool of India has reported 5% growth in sales for the quarter ended Dec 2019 to Rs 1271.24 crore. However dragged by 100 bps contraction in OPM to 7.1%, the operating profit was down by 8% to Rs 89.67 crore. But gained by 47% leap in other income to Rs 39.45 crore, the PBIDT was up by 4% to Rs 129.12 crore. But the growth at PBT stood moderated to stand at 3% to Rs 96.68 crore hit largely by higher depreciation as interest cost stand lower by 42% to Rs 3.09 crore. With taxation stand lower by 30% to Rs 23.46 crore, the PAT was higher by 21% to RS 73.22 crore.

Nine month performance

Sales for the period was up by 15% to Rs 4638.90 crore. With OPM expand by 20 bps that together with higher sales facilitated 16% growth in operating profit to Rs 536.37 crore. The other income was up by 17% to Rs 103.06 crore and thus the PBIDT was up by 16% to Rs 639.43 crore. The PBT was up by 15% to Rs 533.96 crore hit by higher interest and depreciation. With taxation down by 10% to Rs 145.08 crore, the net profit was eventually up by 28% to Rs 388.88 crore.

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