WHIRLPOOL · Consumer Durables
Whirlpool of India Ltd. reported revenue of ₹2,497 cr for April to June 2024, +22.5% on the year and +44.0% on the quarter.
Operating profit (EBITDA) was ₹211 cr, a margin of 8.5%, +242 bps on the year and +15 bps on the quarter. Operating costs grew +19.3% against revenue growth of +22.5%, so more of each rupee of sales reached operating profit.
Net profit was ₹145 cr, +88.3% on the year and +83.5% on the quarter, with earnings per share of ₹11.34. Profit before other income, one-offs and tax grew faster, at +126.6%; other income, one-offs or tax held the headline back. The tax rate of 26% is in line with its recent average.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
On earnings per share of ₹22.55 over the last four quarters, the stock at ₹850.80 trades at 37.7 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Core profit grew faster than reported profit: one-offs held the headline down.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,522 cr | ₹1,536 cr | ₹1,734 cr | ₹2,497 cr | ₹1,713 cr | ₹1,705 cr | ₹2,005 cr | ₹2,432 cr | ₹1,647 cr | ₹1,774 cr | ₹2,181 cr | ₹2,727 cr |
| YoY | — | — | — | +22% | +13% | +11% | +16% | −3% | −4% | +4% | +9% | +12% |
| EBITDA margin | 4.8% | 4.1% | 8.3% | 8.5% | 5.1% | 4.0% | 9.1% | 8.7% | 3.5% | 5.1% | 5.5% | 5.1% |
| Other income, % of PBT | 65% | 86% | 36% | 26% | 67% | 86% | 29% | 28% | 103% | 9% | 48% | 50% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 27% | 29% | 30% | 26% | 27% | 25% | 26% | 26% | 27% | 18% | 27% | 26% |
| Net profit | ₹38.0 cr | ₹30.0 cr | ₹79.0 cr | ₹145 cr | ₹54.0 cr | ₹45.0 cr | ₹119 cr | ₹146 cr | ₹42.0 cr | ₹27.0 cr | ₹80.0 cr | ₹103 cr |
| YoY | — | — | — | +88% | +42% | +50% | +51% | +1% | −22% | −40% | −33% | −29% |
| Core profit YoY | — | — | — | +127% | +33% | +33% | +58% | −2% | −108% | +275% | −50% | −51% |
| EPS | ₹2.88 | ₹2.21 | ₹6.12 | ₹11.34 | ₹4.10 | ₹3.46 | ₹9.40 | ₹11.49 | ₹3.26 | ₹2.09 | ₹6.32 | ₹8.11 |
| Flags | 1 | 1 | 1 | ✓ | 1 | 2 | 1 | ✓ | 1 | ✓ | 2 | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Whirlpool of India Ltd. reported revenue of ₹2,497 cr (+22.5% on the year) and net profit of ₹145 cr (+88.3% on the year) for April to June 2024.
Profit before other income, exceptional items and tax moved +126.6% on the year, against +88.3% for reported profit.
None of the 7 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.