WHIRLPOOL OF INDIA Announces Quarterly Results (3QFY20); Net Profit Up 20.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

WHIRLPOOL OF INDIA Announces Quarterly Results (3QFY20); Net Profit Up 20.8%
Mon, 10 Feb

WHIRLPOOL OF INDIA has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

WHIRLPOOL OF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m12,11513,93512,712-8.8%4.9%
Other incomeRs m2693873952.0%46.8%
TurnoverRs m12,38414,32213,107-8.5%5.8%
ExpensesRs m11,14012,51711,816-5.6%6.1%
Gross profitRs m9761,417897-36.7%-8.1%
DepreciationRs m252337294-13.0%16.5%
InterestRs m534331-28.6%-41.8%
Profit before taxRs m9391,424967-32.1%2.9%
TaxRs m33317623533.7%-29.5%
Profit after taxRs m6061,248732-41.3%20.8%
Gross profit margin%8.110.27.1
Effective tax rate%35.512.324.3
Net profit margin%4.98.75.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 4.9% on a year-on-year (YoY) basis. The expenses were up by 6.1% YoY during the same period.
  • The company's operating profit declined by 8.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 3QFY20 as against 8.1% in 3QFY19.
  • Depreciation charges increased by 16.5% and finance costs declined by 41.8% YoY, respectively.
  • Other income increased by 46.8% YoY during the quarter.
  • Net profit for the quarter increased by 20.8% YoY. Net profit margins during the quarter increased from 4.9% in 3QFY19 to 5.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.6% QoQ during the same period.
  • The company's operating profit declined by 36.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.1% in 3QFY20 as against 10.2% in 2QFY19.
  • Net profit for the quarter declined by 41.3% QoQ, while net profit margins declined from 8.7% in 2QFY19 to 5.6% in 3QFY20.

To see how WHIRLPOOL OF INDIA has performed over the last eight quarters,please visit here.

Watch Now: Replay of Our Explosive Profits Summit

WHIRLPOOL OF INDIA Share Price Performance

Over the last one year,WHIRLPOOL OF INDIA share price has moved up from Rs 1,426.4 to Rs 2,392.0, registering a Gain of Rs 965.6 or around 67.7%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 26,745.5 (down 1.3%). Over the last one year it has moved up from 21,655.0 to 26,745.5, a gain of 5,091 points (up 23.5%).

Overall, the S&P BSE SENSEX is up 10.6% over the year.

Current Valuations

At the current price of Rs 2,392.0, the price to earnings (P/E) ratio of WHIRLPOOL OF INDIA stands at 61.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.1 times.

Equitymaster requests your view! Post a comment on "WHIRLPOOL OF INDIA Announces Quarterly Results (3QFY20); Net Profit Up 20.8%". Click here!

  

Related Views on News

WHIRLPOOL OF INDIA Announces Quarterly Results (1QFY21); Net Profit Down 91.4% (Quarterly Result Update)

Aug 18, 2020 | Updated on Aug 18, 2020

For the quarter ended June 2020, WHIRLPOOL OF INDIA has posted a net profit of Rs 165 m (down 91.4% YoY). Sales on the other hand came in at Rs 10 bn (down 48.0% YoY). Read on for a complete analysis of WHIRLPOOL OF INDIA's quarterly results.

WHIRLPOOL OF INDIA Announces Quarterly Results (2QFY20); Net Profit Up 58.9% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, WHIRLPOOL OF INDIA has posted a net profit of Rs 1 bn (up 58.9% YoY). Sales on the other hand came in at Rs 14 bn (up 17.9% YoY). Read on for a complete analysis of WHIRLPOOL OF INDIA's quarterly results.

WHIRLPOOL OF INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 21, 2018 | Updated on Dec 21, 2018

Here's an analysis of the annual report of WHIRLPOOL OF INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of WHIRLPOOL OF INDIA. Also includes updates on the valuation of WHIRLPOOL OF INDIA.

More Views on News

Most Popular

My View on ITC(Fast Profits Daily)

Oct 23, 2020

What do the charts say about ITC?

The 'Seedhi Baat, No Bakwaas' View on ITC(Profit Hunter)

Oct 12, 2020

Is ITC an investment or a speculation at current levels?

One of the Best Investment Opportunities in the Market Right Now(Fast Profits Daily)

Oct 16, 2020

The one sector that you should be looking at to make good profits.

Why India's Drone Revolution is a 4x Profit Opportunity(Profit Hunter)

Oct 16, 2020

My research on India's leading defence companies brought me to one major player in drone manufacturing.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

WHIRLPOOL OF INDIA SHARE PRICE


Oct 23, 2020 (Close)

TRACK WHIRLPOOL OF INDIA

  • Track your investment in WHIRLPOOL OF INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON WHIRLPOOL OF INDIA

WHIRLPOOL OF INDIA 5-YR ANALYSIS

COMPARE WHIRLPOOL OF INDIA WITH

MARKET STATS