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02-Feb-2023

Whirlpool of India

Weak show


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Consolidated net sales (including other operating income) of Whirlpool of India for the quarter ended Dec 2022 has declined 15.53% to Rs 1302.46 crore.  Operating profit margin has declined from 5.40% to 3.31%, leading to 48.17% decline in operating profit to Rs 43.14 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 54.91% to 61.23%.   Purchase of finished goods cost rose from 8.56% to 9.00%.   Employee cost decreased from 11.75% to 11.35%.   Other expenses fell from 18.40% to 15.29%.   Other income rose 130.69% to Rs 40.97 crore.  PBIDT fell 16.71% to Rs 84.11 crore.  Provision for interest rose 139.88% to Rs 4.03 crore.  PBDT fell 19.36% to Rs 80.08 crore.  Provision for depreciation rose 15.18% to Rs 44 crore.  Profit before tax down 40.96% to Rs 36.08 crore.  Share of profit/loss were nil in both the periods.&nb...



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