December 26, 2024 12:04 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Azerbaijan Airlines tragedy: 32 passengers rescued, flight attempted several emergency landing before crashing | Man sets himself on fire near Parliament building; locals, police rush him to hospital | Azerbaijan Airlines passenger plane enroute to Russia with over 70 people onboard crashes in Kazakhstan | Atishi will be arrested in fake case, claims Arvind Kejriwal after Delhi govt disowns health and women's schemes | Delhi govt departments disown Arvind Kejriwal's major poll promises, AAP chief reacts | 'Our nation will always be grateful to him': PM Modi writes article in tribute to Atal Bihari Vajpayee on his birth centenary | Syria: Christmas tree set on fire by suspected 'Islamists', Christians protest | Pakistan strikes TTP camps in Afghanistan, Taliban government claims civilians killed | Former home secy Ajay Kumar Bhalla appointed Manipur Guv amid ethnic violence resurgence | Five soldiers killed, several injured as Army truck falls into Poonch gorge

Whirlpool Q2 profit jumps 2.5 times, revenue up by 21%

| | Nov 01, 2014, at 04:35 am
Kolkata, Oct 31 (IBNS): Whirlpool of India, a subsidiary of Whirlpool Corporation, the home appliance company, on Friday announced solid operating results for the second quarter of 2014-15, where its total income of Rs. 744.6 Cr. grew by 21% and Profit after Tax at Rs. 40.7 Cr. was 2.5 times higher than the same quarter last year.

Cumulatively, PAT for the first six months of FY 2015 stood at Rs. 123.7 Cr. more than the full year PAT (Rs. 122.9 Cr.) of the last fiscal.

EBITDA margin at 9.9% was better by 3.6 points. The company continued to remain debt free and cash positive.  EPS of 3.2 was significantly higher than 1.3 posted in the same quarter last year.

Arvind Uppal, Chairman Whirlpool of India Limited and President Asia Pacific, Whirlpool Corporation said, “I am extremely pleased with our second quarter results.  We are seeing strong business momentum with significant improvement across all levers.  There are clear signs of industry growth and we expect the trend to continue into the foreseeable future.  We have crossed last year’s profit in the first 6 months of this year and continue to remain optimistic about the future.”

Whirlpool’s sales in the festive period grew by ~20%.  As part of the company’s innovation agenda of introducing ~200 new models in 2014, the company recently launched a range of premium microwaves and a new washing machine.

Whirlpool also announced that it plans to aggressively grow its air conditioner and microwave business and expand its new businesses of Built In and Water.

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.