Whirlpool of India Ltd

Profit before tax (PBT) in the third quarter of FY25 stood at Rs 59.19 crore, up by 40.09% from Rs 42.25 crore in same quarter last year. Consolidated EBITDA grew by 10.6% year on year (YoY) to Rs 69.3 crore in the quarter ended 31 December 2023. The firm's operational EBITDA grew by 35.3% YoY before the impact of provision for an additional price upcharge of Rs 15.5 crore as against last year, on account of new E-Waste regulations affecting the industry. The household appliances maker said, 'The business has shown strong momentum with double digit revenue growth in three consecutive quarters including this one despite a soft growth in refrigerator and washing machine industry. Topline growth was driven by very strong YOY share improvement which continued in this quarter. Not only has overall refrigerator and washing machine volume share improved very significantly over last year, growth is broad based with excellent share gains in direct cool, frost free refrigerators, fully automatic top load and Front load washing machines which signals robustness of the brand pull and executional excellence. Improvement in gross margins was driven by calibrated price actions, improved execution in high margin portfolio and the benefits from cost productivity actions offsetting the impact of commodity inflation. Whirlpool India delivered a healthy more than 70% growth in consolidated PBT for the 9 months ended Dec 24. Elica PB India, company's subsidiary continues to deliver healthy PBT margins.' Whirlpool of India is primarily engaged in manufacturing and trading of refrigerators, washing machines, air conditioners, microwave ovens and small appliances and caters to both domestic and international markets. Shares of Whirlpool of India shed 1.63% to Rs 1,131 on the BSE. Powered by Capital Market - Live

Net profit of Whirlpool of India rose 57.06% to Rs 43.96 crore in the quarter ended December 2024 as against Rs 27.99 crore during the previous quarter ended December 2023. Sales rose 11.02% to Rs 1704.85 crore in the quarter ended December 2024 as against Rs 1535.65 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1704.851535.65 11 OPM %4.064.08 - PBDT110.5789.70 23 PBT59.1942.25 40 NP43.9627.99 57 Powered by Capital Market - Live

Jindal Steel & Power Ltd, Navin Fluorine International Ltd, Craftsman Automation Ltd, Jupiter Wagons Ltd are among the other stocks to see a surge in volumes on NSE today, 31 January 2025.Whirlpool of India Ltd witnessed volume of 25.23 lakh shares by 14:14 IST on NSE, a 23.67 times surge over two-week average daily volume of 1.07 lakh shares. The stock dropped 9.58% to Rs.1,140.00. Volumes stood at 3.28 lakh shares in the last session.Jindal Steel & Power Ltd clocked volume of 196.26 lakh shares by 14:14 IST on NSE, a 14.2 times surge over two-week average daily volume of 13.82 lakh shares. The stock lost 6.79% to Rs.783.00. Volumes stood at 19.7 lakh shares in the last session.Navin Fluorine International Ltd recorded volume of 22.93 lakh shares by 14:14 IST on NSE, a 12.18 times surge over two-week average daily volume of 1.88 lakh shares. The stock gained 5.97% to Rs.4,141.55. Volumes stood at 4.04 lakh shares in the last session.Craftsman Automation Ltd recorded volume of 3.44 lakh shares by 14:14 IST on NSE, a 5.26 times surge over two-week average daily volume of 65426 shares. The stock gained 3.15% to Rs.4,190.00. Volumes stood at 2.9 lakh shares in the last session.Jupiter Wagons Ltd saw volume of 434.26 lakh shares by 14:14 IST on NSE, a 5.17 fold spurt over two-week average daily volume of 84.05 lakh shares. The stock increased 10.47% to Rs.393.05. Volumes stood at 367.5 lakh shares in the last session.Powered by Capital Market - Live

Deepak Fertilizers & Petrochemicals Corp Ltd, Voltas Ltd, Welspun Living Ltd and Computer Age Management Services Ltd are among the other losers in the BSE's 'A' group today, 30 January 2025.Whirlpool of India Ltd crashed 20.00% to Rs 1262.15 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 14726 shares were traded on the counter so far as against the average daily volumes of 3359 shares in the past one month.Deepak Fertilizers & Petrochemicals Corp Ltd lost 13.40% to Rs 1123.05. The stock was the second biggest loser in 'A' group.On the BSE, 2 lakh shares were traded on the counter so far as against the average daily volumes of 54757 shares in the past one month.Voltas Ltd tumbled 12.97% to Rs 1284.85. The stock was the third biggest loser in 'A' group.On the BSE, 3.21 lakh shares were traded on the counter so far as against the average daily volumes of 27306 shares in the past one month.Welspun Living Ltd slipped 8.41% to Rs 136.7. The stock was the fourth biggest loser in 'A' group.On the BSE, 57974 shares were traded on the counter so far as against the average daily volumes of 1.16 lakh shares in the past one month.Computer Age Management Services Ltd fell 8.10% to Rs 3631.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 23554 shares in the past one month.Powered by Capital Market - Live

Whirlpool Corporation, which currently holds 51% ownership interest in whirlpool India, expects to remain largest shareholder following the completion of stake sale. As a part of its fourth quarter release, Whirlpool Corporation said that Whirlpool India will remain a relevant part of its portfolio, and continues to believe in the company's strong long-term growth trajectory. The stake sale is intended to provide whirlpool India with increased autonomy to adjust to ever-evolving industry conditions, enabling Whirlpool India to focus on accelerated growth and utilizing its well-funded business to invest further in the business. Sustained brand license and technology agreements, as well as transition commitments, will continue to support business operations and the long-term growth of Whirlpool as one of the most trusted brands in India. It believes these actions will deliver value to Whirlpool India's shareholders. Whirlpool of India is primarily engaged in manufacturing and trading of refrigerators, washing machines, air conditioners, microwave ovens and small appliances and caters to both domestic and international markets. The company reported 42.21% jump in consolidated net profit to Rs 52.02 crore on 12.58% rise in revenue from operations to Rs 1,712.99 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Whirlpool Corporation (the ultimate holding company of Whirlpool of India) announced its intention to sell down its ownership interest in Whirlpool of India to approximately 20% by the mid to late 2025, by way of one or more market sales (anticipated sell-down). Whirlpool Corporation, which currently holds a 51% ownership interest in Whirlpool of India, expects to remain the largest shareholder following completion of the anticipated sell-down. Powered by Capital Market - Live

Whirlpool of India will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

Whirlpool of India added 2.86% to Rs 1902.95 while PG Electroplast jumped 3.56% to Rs 987.80 on the BSE. Under the arrangement, PGEL will manufacture some of the stock keeping units (SKUs) for Whirlpool at its factory at Roorkee. PGEL is already an existing supplier of Whirlpool branded air conditioners and both companies will continue to evaluate the potential expansion opportunities. Narasimhan Eswar, managing director of Whirlpool of India said, 'We are excited to announce that Whirlpool has tied up with PG Electroplast to manufacture certain SKUs of its semi-automatic washing machines. With Whirlpool's exceptional designs and technology and PGEL's manufacturing expertise, today's announcement rearms our commitment to the Government's 'Make in India' initiative and providing best in class products to our consumers at an aordable price point.' Vikas Gupta, managing director (Operations) of PG Electroplast said, 'We are pleased to deepen our relationship with Whirlpool. As a leading home appliance manufacturer in India, Whirlpool is renowned for their industry-leading products. With this association we aim to unlock new opportunities for growth and help Whirlpool deliver exceptional value to its customers while setting new benchmarks in efficiency.' Whirlpool of India is primarily engaged in manufacturing and trading of refrigerators, washing machines, air conditioners, microwave ovens and small appliances and caters to both domestic and international markets. PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India. The company has one of the biggest capacities in Plastic Injection molding and has capabilities across the value chain in original equipment manufacturing (OEM) and original design manufacturing (ODM) products like room ACs, washing machines, air-coolers, and LED TVs.Powered by Capital Market - Live

Revenue growth was driven by strong volume growth in refrigerators and washers compared to the previous year, along with a more premium product mix that contributed to value growth, while profit improvement was fueled by volume growth, cost productivity initiatives that led to better margins and an enhanced mix of premium and high-margin products. Profit before tax in second quarter of FY25 stood at Rs 73.37 crore, up by 40.34% from Rs 52.28 crore in same quarter last year. Consolidated EBITDA advanced 18.8% year on year (YoY) to Rs 87 crore in the quarter ended 30 September 2023. Narasimhan Eswar, managing director said, 'We continue to deliver strong and profitable share growth which is in line with our long term strategy while the overall industry for refrigerators and washers was flattish in Q2. I am proud of our team that has implemented our clearly defined strategic choices with strong executional discipline and excellence to help us deliver these results.' Whirlpool of India is primarily engaged in manufacturing and trading of refrigerators, washing machines, air conditioners, microwave ovens and small appliances and caters to both domestic and international markets. Shares of Whirlpool of India shed 0.55% to Rs 2,062.65 on Friday, 8 November 2024. Powered by Capital Market - Live

Net profit of Whirlpool of India rose 42.21% to Rs 52.02 crore in the quarter ended September 2024 as against Rs 36.58 crore during the previous quarter ended September 2023. Sales rose 12.58% to Rs 1712.99 crore in the quarter ended September 2024 as against Rs 1521.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1712.991521.56 13 OPM %5.084.81 - PBDT125.25101.44 23 PBT73.3752.28 40 NP52.0236.58 42 Powered by Capital Market - Live