Whirlpool of India

OPM cools off in Q3

Feb 10, 2020 04:02 IST capital market

Whirlpool of India has reported 5% growth in sales for the quarter ended Dec 2019 to Rs 1271.24 crore. However dragged by 100 bps contraction in OPM to 7.1%, the operating profit was down by 8% to Rs 89.67 crore. But gained by 47% leap in other income to Rs 39.45 crore, the PBIDT was up by 4% to Rs 129.12 crore. But the growth at PBT stood moderated to stand at 3% to Rs 96.68 crore hit largely by higher depreciation as interest cost stand lower by 42% to Rs 3.09 crore. With taxation stand lower by 30% to Rs 23.46 crore, the PAT was higher by 21% to RS 73.22 crore.

Nine month performance

Sales for the period was up by 15% to Rs 4638.90 crore. With OPM expand by 20 bps that together with higher sales facilitated 16% growth in operating profit to Rs 536.37 crore. The other income was up by 17% to Rs 103.06 crore and thus the PBIDT was up by 16% to Rs 639.43 crore. The PBT was up by 15% to Rs 533.96 crore hit by higher interest and depreciation. With taxation down by 10% to Rs 145.08 crore, the net profit was eventually up by 28% to Rs 388.88 crore.

Whirlpool of India: Results

 

1912 (3) 1812 (3) Var. (%) 1912 (9) 1812 (9) Var. (%) 1903 (12) 1803 (12) Var.(%)
Sales 1271.24 1211.54 5 4638.90 4042.50 15 5397.65 4831.91 12
OPM (%) 7.1 8.1 11.6 11.4 11.9 11.6
OP 89.67 97.56 -8 536.37 461.88 16 642.17 560.00 15
Other inc. 39.45 26.87 47 103.06 88.27 17 104.70 86.72 21
PBIDT 129.12 124.43 4 639.43 550.15 16 746.87 646.72 15
Interest 3.09 5.31 -42 11.89 5.77 106 9.09 4.39 107
PBDT 126.03 119.12 6 627.54 544.38 15 737.78 642.33 15
Dep. 29.35 25.20 16 93.58 79.35 18 111.31 101.51 10
PBT 96.68 93.92 3 533.96 465.03 15 626.47 540.82 16
Taxation 23.46 33.30 -30 145.08 162.08 -10 219.42 190.15 15
PAT 73.22 60.62 21 388.88 302.95 28 407.05 350.67 16
EPS (Rs)* # # # # 32.1 27.6
* Annualized On Current Equity Of Rs 126.87 Crore. Face Value: Rs 10
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database

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