Consumer Electronics company Whirlpool of India announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Total revenue from operations is at Rs 1,535.7 crore, is up by 17.9% vs Q3FY23 EBITDA is at Rs 62.7 crore, is up by 42.5% vs Q3FY23 PBT at Rs 42.2 crore is up by 17.1% PAT is at Rs 29.9 crore up by 12% vs Q3FY23. Consolidated 9MFY24: Total revenue from operations at Rs 5095.8 crore is up by 2% vs. 9MFY23 EBITDA at Rs 259.2 crore is lower by 2.1% vs 9MFY23 PBT at Rs.193.1 crore is lower by 11.1% vs. 9MFY23 PAT at Rs.144.9 crore is lower by 9.7% vs 9MFY23. Narasimhan Eswar, Managing Director Whirlpool of India said, "We had a strong quarter on revenue and volume growth on the back of our recently launched innovations being fully available in the marketplace, competitive pricing indices compared to a year ago, a significant step up in all executional areas, driving premiumisation across categories and also aided by Diwali seasonality this year. On the profit front, other than the positive effects of volume growth and mix, we also reaped the benefits of a strong productivity program across all lines of the P&L.;" Result PDF
Consumer Electronics company Whirlpool of India announced Q2FY24 & H1FY24 results: Consolidated Q2FY24: Total Revenue from Operations: Rs 1,521.6 crore, a decrease of 5.6% compared to Q2FY23. EBITDA: Rs 73.1 crore, a decrease of 17.8% compared to Q2FY23. PBT (Profit Before Tax): Rs 52.3 crore, a decrease of 21.9% compared to Q2FY23. PAT (Profit After Tax): Rs 38.2 crore, a decrease of 22.1% compared to Q2FY23. Consolidated H1FY24: Total revenue from operations: Rs 3,560.2 crore, a decrease of 3.6% compared to H1FY23. EBITDA: Rs 196.5 crore, a decrease of 11% compared to H1FY23. PBT (Profit Before Tax): Rs 150.9 crore, a decrease of 16.7% compared to H1FY23. PAT (Profit After Tax): Rs 114.9 crore, a decrease of 14% compared to H1FY23. Narasimhan Eswar, Managing Director Whirlpool of India said, "We delivered a marginal volume increase in a competitive yet flattish market. Revenue is lower by 5.6% vs last year due to down pricing action taken in the early part of the calendar year to aid competitiveness. Profitability is affected due to pricing and impact of regulatory changes in this calendar year. Elica India* business is trending well." Result PDF