Whirlpool of India Ltd's Q1FY19 standalone net profit rises 23.4% yoy to Rs163.8cr: In-line with Estimates

The company’s standalone revenue stood at Rs1,651.10cr, up 12.8% yoy.

Aug 09, 2018 10:08 IST India Infoline Research Team

Whirlpool of India Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 1,651.1 12.8
EBITDA 244.0 15.8
EBITDA Margin (%) 14.8 38
Net Profit (adjusted) 163.8 23.4
***EBITDA margin change is bps
Whirlpool of India reported mixed Q1FY19 numbers with sales below street estimates and profit in-line with estimates. Sales have increased by 12.8% yoy to Rs1,651.1cr as vs. expectation of Rs1,747cr. EBITDA increased by 15.8% yoy to Rs244cr during the quarter from Rs210.8cr in Q1FY18 vs. expectation of Rs252cr. EBITDA margin improved by 38bps yoy to 14.8% in Q1FY19. Net profit grew by 23.4% yoy to Rs163.8cr, in-line with estimates.

• Sales growth was led by addition of new products/models in the portfolio.

• EBITDA growth was driven by operating leverage resulting in margin expansion as well.

• Other income was up by 63% yoy to Rs35.7cr. Thus, strong operating performance and other income in the quarter steered the growth in net profit.

Technical View:

Whirlpool of India Ltd is currently trading at Rs. 1,730.50, down by 8.3 points or 0.48% from its previous closing of Rs. 1,738.80 on the BSE.
The scrip opened at Rs. 1,753.65 and has touched a high and low of Rs. 1,775 and Rs. 1,714.40 respectively. So far 1,06,791 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

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