Whirlpool of India Reports Strong Q4 Results with 53% Profit Surge
By ScanX News Team
Whirlpool of India announced strong Q4 results with consolidated net profit rising 53% to 1.19 billion rupees. Revenue increased 15.6% to 20.05 billion rupees. Profit before tax grew 16.5% to 1.55 billion rupees. The board recommended a final dividend of 5 rupees per equity share. Q4 profit nearly tripled compared to the previous quarter, indicating robust recovery and positive momentum.
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Whirlpool of India , a leading home appliance manufacturer, has announced impressive financial results for the fourth quarter, showcasing significant growth in both revenue and profitability.
Profit Soars by 53%
The company reported a consolidated net profit of 1.19 billion rupees for Q4, marking a substantial 53% increase from 776 million rupees in the same period last year. This impressive growth demonstrates Whirlpool's strong performance and market position in the competitive home appliance sector.
Revenue Growth and Quarterly Comparison
Whirlpool of India's Q4 revenue climbed to 20.05 billion rupees, up from 17.34 billion rupees year-over-year, representing a 15.6% increase. This growth indicates robust demand for the company's products and effective market strategies.
When compared to the previous quarter, the company's performance shows even more dramatic improvement. The Q4 net profit of 1.19 billion rupees is nearly triple the 439.6 million rupees reported in the preceding quarter, highlighting a strong recovery and positive momentum.
Profit Before Tax and Exceptional Item
The company reported a profit before tax of 1.55 billion rupees for Q4, compared to 1.33 billion rupees in the same quarter last year, showing a year-over-year increase of 16.5%. Additionally, Whirlpool of India disclosed an exceptional item of 70 million rupees, though details of this item were not specified in the report.
Dividend Announcement
In a move that will likely please shareholders, Whirlpool of India's board has recommended a final dividend of 5 rupees per equity share. This dividend declaration underscores the company's commitment to delivering value to its investors and reflects confidence in its financial stability.
Financial Performance Overview
| Metric (in billion rupees) | Q4 (Current Year) | Q4 (Previous Year) | QoQ Change |
|---|---|---|---|
| Consolidated Net Profit | 1.19 | 0.78 | 53.00% |
| Revenue | 20.05 | 17.34 | 15.60% |
| Profit Before Tax | 1.55 | 1.33 | 16.50% |
Whirlpool of India's strong Q4 performance, marked by significant increases in both revenue and profitability, positions the company well for continued growth in the home appliance market. The substantial year-over-year and quarter-over-quarter improvements reflect the company's resilience and effective business strategies in navigating market challenges.
Historical Stock Returns for Whirlpool
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.56% | +1.61% | +4.21% | -30.41% | -25.84% | -34.14% |
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