WHIRLPOOL OF INDIA Announces Quarterly Results (3QFY21); Net Profit Down 12.1%

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WHIRLPOOL OF INDIA Announces Quarterly Results (3QFY21); Net Profit Down 12.1%
Fri, 5 Feb

WHIRLPOOL OF INDIA has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

WHIRLPOOL OF INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m12,71215,99514,940-6.6%17.5%
Other incomeRs m395348284-18.6%-28.1%
TurnoverRs m13,10716,34315,223-6.9%16.1%
ExpensesRs m11,81614,18313,934-1.8%17.9%
Gross profitRs m8971,8121,006-44.5%12.2%
DepreciationRs m294424351-17.2%19.6%
InterestRs m311068615.8%120.1%
Profit before taxRs m9671,726871-49.6%-10.0%
TaxRs m235440227-48.5%-3.3%
Profit after taxRs m7321,286644-50.0%-12.1%
Gross profit margin%7.111.36.7
Effective tax rate%24.325.526.1
Net profit margin%5.67.94.2
* 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 17.5% on a year-on-year (YoY) basis. The expenses were up by 17.9% YoY during the same period.
  • The company's operating profit increased by 12.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 6.7% in 3QFY21.
  • Depreciation charges increased by 19.6% and finance costs increased by 120.1% YoY, respectively.
  • Other income declined by 28.1% YoY during the quarter.
  • Net profit for the quarter declined by 12.1% YoY. Net profit margins during the quarter declined from 5.6% in 3QFY20 to 4.2% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.8% QoQ during the same period.
  • The company's operating profit declined by 44.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 6.7% in 3QFY21 as against 11.3% in 2QFY20.
  • Net profit for the quarter declined by 50.0% QoQ, while net profit margins declined from 7.9% in 2QFY20 to 4.2% in 3QFY21.

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

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WHIRLPOOL OF INDIA Share Price Performance

Over the last one year, WHIRLPOOL OF INDIA share price has moved down from Rs 2,442.1 to Rs 2,422.7, registering a Loss of Rs 19.4 or around 0.8%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 31,806.1 (up 0.3%). Over the last one year it has moved up from 27,032.6 to 31,806.1, a gain of 4,774 points (up 17.7%).

Overall, the S&P BSE SENSEX is up 27.4% over the year.

Current Valuations

At the current price of Rs 2,422.7, the price to earnings (P/E) ratio of WHIRLPOOL OF INDIA stands at 103.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.3 times.

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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 (3QFY20); Net Profit Up 20.8% (Quarterly Result Update)

Feb 10, 2020 | Updated on Feb 10, 2020

For the quarter ended December 2019, WHIRLPOOL OF INDIA has posted a net profit of Rs 732 m (up 20.8% YoY). Sales on the other hand came in at Rs 13 bn (up 4.9% YoY). Read on for a complete analysis of WHIRLPOOL OF INDIA's quarterly results.

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