Whirlpool Of India Q3 Results: Profit Surges 57%, Margins Flat
Whirlpool of India logged a revenue of Rs 1,705 crore in the third quarter, up 11% year-on-year.
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%.
