January 21, 2025 05:37 am (IST)
Follow us:
Whirlpool declares Q1 PAT of Rs. 98 cr, up by 18.2 pct yoy
Gurgaon, July 21 (IBNS): Whirlpool of India, a subsidiary of Whirlpool Corporation, the world's leading home appliance company, on Tuesday announced strong operating results for the first quarter of 2015-16 with the company's total income standing at Rs. 1,100.3 crore, a growth by 4.6 percent.
The company registered Profit after Tax at Rs. 98.1 crore which is higher by 18. percent over the same quarter last year.
EBITDA margin stood at 14.8 percent which was better by 1.6 points than the corresponding quarter of the previous fiscal.
The company continues to be debt free and its cash surplus of Rs 770 Cr is at its highest ever.
Arvind Uppal, Chairman Whirlpool of India Limited and President Asia Pacific, Whirlpool Corporation said, "We have started the year well despite a weak business environment especially in semi urban and rural markets. This quarter was also adversely impacted by heavy rains in June. We continue to see improvement in margins on account of cost, productivity and improved mix and expect demand to improve in the coming festival season. We remain optimistic about the future."
EBITDA margin stood at 14.8 percent which was better by 1.6 points than the corresponding quarter of the previous fiscal.
The company continues to be debt free and its cash surplus of Rs 770 Cr is at its highest ever.
Arvind Uppal, Chairman Whirlpool of India Limited and President Asia Pacific, Whirlpool Corporation said, "We have started the year well despite a weak business environment especially in semi urban and rural markets. This quarter was also adversely impacted by heavy rains in June. We continue to see improvement in margins on account of cost, productivity and improved mix and expect demand to improve in the coming festival season. We remain optimistic about the future."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Why You Should Consider a Home Loan from IDBI Bank
Mon, Jan 20 2025
Tech entrepreneur Elon Musk hosts Indian Global Forum business delegation at Space X
Sun, Jan 19 2025
Sona SPEED partners Sarla Aviation to design-make critical components for eVTOL air taxi
Sun, Jan 19 2025
Union Cabinet approves Rs 11,440 cr revival package for Vizag Steel
Fri, Jan 17 2025
IMF retains India’s FY26-27 growth forecast at 6.5%, highlights global risks and opportunities
Fri, Jan 17 2025
Wipro Q3 net profit rises 4.5% QoQ to Rs 3,354 crore; FY25 IT services outlook improved
Fri, Jan 17 2025
India’s fiscal deficit to narrow as tax revenues grow: World Bank
Fri, Jan 17 2025