Whirlpool of India Q2FY18 standalone net profit rises 23.73% yoy to Rs.73 crore : Beats Estimates

India Infoline Research Team | October 26, 2017 14:13 IST

Whirlpool of India Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 1,160 23.8
EBITDA 113 29
EBITDA Margin (%) 9.7 35
Net Profit (adjusted) 73 23.7
***EBITDA margin change is bps
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Reco. Price

1360

Last updated on

06-Oct-2017



Whirlpool India ltd standalone revenue for the quarter came in at Rs. 1159.6 crore, registering 23.8% yoy increase.

EBITDA for the quarter rose by 29% yoy to Rs. 113 crore with a corresponding margin expansion of 35 bps. EBITDA margin for the quarter stood at 9.8%.
 
The PAT for the quarter came in at Rs. 73 crore, yoy increase of 25%. This was due to lower effective tax rate at 40% in Q2FY18 vs 42.7% in Q2FY17.

Technical View:

Whirlpool of India Ltd is currently trading at Rs. 1,400, up by 6.1 points or 0.44% from its previous closing of Rs. 1,393.90 on the BSE.
The scrip opened at Rs. 1,400 and has touched a high and low of Rs. 1,436.85 and Rs. 1,360 respectively. So far 1,91,636(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 1,536.40 [5.15] ([0.33]%)
NSE 1,551.35 9.05 (0.59%)

***Note: This is a NSE Chart

 

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