Whirlpool Of India Q3 Results: Profit Surges 57%, Margins Flat
Whirlpool of India Ltd. recorded a net profit of Rs 44 crore for the three months ended Dec. 31, 2024, marking a 57.1% growth as compared to Rs 28 crore for the same period last year.
The home appliance maker's revenue jumped by 11% to Rs 1,705 crore in the October-December quarter as against Rs 1,536 crore in the year-ago period.
The company's earnings before interest, tax, depreciation and amortisation rose to Rs 69.2 crore in the third quarter from Rs 62.7 crore in the corresponding period of the last fiscal.
Whirlpool's margins remained flat at 4.1% during the December quarter.
Whirlpool of India Q3FY25 Highlights (Consolidated, YoY)
Revenue up 11% to Rs 1,705 crore versus Rs 1,536 crore.
Ebitda up 10.3% to Rs 69.2 crore versus Rs 62.7 crore.
Ebitda margins flat at 4.1%.
Net profit up 57.1% to Rs 44 crore versus Rs 28 crore.
Before the quarterly results were declared, shares of Whirlpool of India closed 2.67% lower at Rs 1,149.95 apiece on the National Stock Exchange, compared to a 1.62% rise in the benchmark Nifty 50. The stock has fallen by 15.1% in the last 12 months.
Out of 13 analysts tracking the company, seven maintain a 'buy' rating on the stock, five recommend 'hold' and one suggests 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 77.6%.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
