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Whirlpool of India Ltd.
Q3FY23 Quarterly Result Announced for Whirlpool of India Ltd.
Consumer electronics firm Whirlpool of India announced Q3FY23 results:
- Consolidated Q3FY23:
- Total Revenue from Operations at Rs 1,302.5 crore, lower by 15.5% vs Last year.
- EBITDA at Rs 44 crore, down by 47.1% vs Last year.
- PBT at Rs 36.1 crore down by 41% vs Last year and Q3 Consolidated PAT at Rs 26.7 crore down by 39.6% vs Last year mainly on account of lower sales, cost inflation and volume deleverage which was partially offset by cost-based pricing and productivity actions.
- Consolidated 9MFY23:
- Total revenue from operations for nine months period at Rs 4,995 crore up 11.3% vs Last year.
- EBITDA for nine months at Rs 264.7 crore lower by 1.3% vs Last year.
- PBT for nine months (before exceptional items) at Rs 217.2 crore up by 2% vs. Last year.
- PAT for nine months (before exceptional items) at Rs 160.3 crore up by 1.3% vs Last year (PBT and PAT growth normalised for an exceptional gain of Rs 324.6 crore from Elica Acquisition in Last year) PAT for nine months (before exceptional items) at Rs 160.3 crore up by 1.3% vs Last year (PBT and PAT growth normalised for exceptional gain of Rs 324.6 crore from Elica Acquisition in Last year).
- PB and PAT were lower by 59.6% and 66.8% respectively vs Last year on a reported basis.
Mr Vishal Bhola, Managing Director Whirlpool of Indla Limited said, "The year to date turnover continues to grow in double digits however current quarter was impacted by muted consumer demand especially in the entry segment. While the commodity prices came down sequentially, the full benefit could not be realised in the quarter because of holding inventory. Our portfolio transformation actions are yielding good results with Elica India growing in double digits with healthy margins, our newly built Front load washing machine line being fully active and a slew of innovations in the mid and premium segment hitting the marketplace."
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