Whirlpool India’s bottom line shines

Whirlpool India Ltd., on May 20 post market hours has declared its Q4FY16 results, wherein the company has recorded a net profit of Rs 67.81 crores. Net profits have increased by 23 per cent as compared to Q4FY15. EBITDA for the period stands at Rs 101.25 crores. Total income from operations stands at Rs 860.22 crores for the quarter, as against Rs 775.33 crores for the corresponding period of the previous fiscal. Total income has increased by 11 per cent.

On a YoY basis, net profit stands at Rs 247.38 crores, whereas for the previous fiscal the company had reported a net profit of Rs 210.51 crores, up by 42 per cent. EBITDA stands at Rs 381 crores, while  previously EBITDA was reported at Rs 331.29 crores. Consolidated total income for the period stands at Rs 3488.12 crores, which has increased by 11 per cent.

On a CAGR basis, the company’s net volume and EBITDA for the period of 3 years has grown by 11 per cent and 34 per cent, respectively. Net profit for the period of 3 years has grown by 42 per cent.

Strong sales growth, which has grown by 11 per cent, was the major reason for the company to posta strong bottom line.

Whirlpool Asia which declared its consolidated quarter 1 results on April 26,  saw the first quarter net sales  at Rs $371 million, compared to $378 million in the same prior-year period. Excluding the impact of currency, sales have increased  3 percent.

Whirlpool India Ltd., is an India based company dealing in the manufacture of home appliances. Its products consist of refrigerators, washing machine, UPS, air conditioners, water purifiers, oil built heaters and accessories. 

The shares on the bourses on Friday have closed at Rs 773.90, down by 3.12 per cent.