Whirlpool of India Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Whirlpool of India Ltd reported a 0.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.7%.
- Its expenses for the quarter were up by 0.4% QoQ and 10.9% YoY.
- The net profit decreased 16.8% QoQ and increased 48.8% YoY.
- The earnings per share (EPS) of Whirlpool of India Ltd stood at 3.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1755.36 | 1762.32 | 1571.17 | -0.4% | 11.7% |
Total Expenses | 1696.17 | 1688.95 | 1528.92 | 0.4% | 10.9% |
Profit Before Tax | 59.19 | 73.37 | 42.25 | -19.3% | 40.1% |
Tax | 14.66 | 19.84 | 12.32 | -26.1% | 19.0% |
Profit After Tax | 44.53 | 53.53 | 29.93 | -16.8% | 48.8% |
Earnings Per Share | 3.50 | 4.10 | 2.20 | -14.6% | 59.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Whirlpool of India Ltd is a leading manufacturer and marketer of major home appliances in India. The company is part of the Whirlpool Corporation, which is a global leader in the home appliance industry, offering a wide range of products including refrigerators, washing machines, microwaves, and air conditioners. Whirlpool of India has established a strong presence in the Indian market with its innovative products and customer-focused services. The company operates in the consumer durables industry, which is characterized by high competition and rapid technological advancements. Recently, the company has been focusing on expanding its product portfolio and enhancing its distribution network to cater to the evolving needs of consumers.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Whirlpool of India Ltd reported a total income of ₹1755.36 crores. This represents a slight decline of 0.4% compared to the second quarter of FY25 (Q2FY25), where the total income was ₹1762.32 crores. On a year-over-year basis, the total income showed an increase of 11.7% from ₹1571.17 crores in Q3FY24. This indicates that the company experienced growth in its revenue over the past year, despite a slight decline in the most recent quarter. The revenue figures reflect the company's ability to capitalize on its market position and product offerings.
Profitability
Whirlpool of India Ltd's profitability in Q3FY25 has shown mixed trends. The profit before tax (PBT) for the quarter was ₹59.19 crores, which is a decrease of 19.3% from ₹73.37 crores in Q2FY25. However, when compared to Q3FY24, there is a significant increase of 40.1% from ₹42.25 crores. The company incurred a tax expense of ₹14.66 crores in Q3FY25, marking a decline of 26.1% from the previous quarter and an increase of 19.0% year-over-year. Consequently, the profit after tax (PAT) for Q3FY25 stood at ₹44.53 crores, down 16.8% from Q2FY25, but up 48.8% from Q3FY24. These figures demonstrate variations in the company's profitability across different periods, influenced by changes in both tax expenses and operating performance.
Operating Metrics
The operating metrics of Whirlpool of India Ltd for Q3FY25 highlight several key financial aspects. The total expenses for the quarter were ₹1696.17 crores, showing a marginal increase of 0.4% from ₹1688.95 crores in Q2FY25, and a 10.9% rise from ₹1528.92 crores in Q3FY24. The Earnings Per Share (EPS) in Q3FY25 was ₹3.50, which is a decrease of 14.6% from ₹4.10 in Q2FY25, but a notable increase of 59.1% from ₹2.20 in Q3FY24. These operating metrics suggest that while the company's expenses have grown both sequentially and annually, its earnings per share have also seen significant year-over-year improvement, despite a decline in the most recent quarter compared to the previous one. The changes in these metrics reflect the company's operational efficiency and financial health over the specified periods.
