Whirlpool delivers strong income growth of 31.5% for Q4; stock ends higher

The board of directors of the company have recommended a Final Dividend of Rs5 per equity share of the face value of Rs10 each (50%) for the financial year 2020‐21.

Jun 16, 2021 04:06 IST India Infoline News Service

Whirlpool Of India
Whirlpool of India has announced strong operating results for the fourth quarter of 2020‐21.  Total revenue from operations of Rs1,779cr up 31.5% vs. LY. EBITDA of Rs189.7cr up by 38.5% vs LY, Standalone PBT at Rs166.3cr up by 39.9% vs. LY and PAT at Rs123.8cr up by 41.7% vs LY. 

The board of directors of the company have recommended a Final Dividend of Rs5 per equity share of the face value of Rs10 each (50%) for the financial year 2020‐21.

The stock ended at Rs2,272.95 down by Rs78.9 or 3.35% from its previous closing of Rs2,351.85 on the BSE.

Mr Arvind Uppal, Chairman of Whirlpool of India Limited said, "Whirlpool has delivered a very strong quarter across all financial levers. Underlying growth momentum in the home appliances industry continues to be very healthy. Despite the headwinds due to the re‐emergence of COVID and inflationary trends, we remain optimistic about the longer term trends for our business."

Mr Vishal Bhola, Managing Director Whirlpool of India Limited said, “It was a really strong end to the year with acceleration in topline growth and profitability. The performance came on the back of strong and broad based double digit volume growth. All categories and geographies showed continued momentum which helped end the year with the business growing ahead of markets. We continue to be optimistic about our short and medium term prospects.”

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