Published on 18/06/2020 5:23:50 PM | Source: Angel Broking Ltd

Quote On Whirlpool`s Q 4FY20 result by  Mr. Amarjeet Maurya, Angel Broking

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Below is the Quote for Whirlpool's Q 4FY20 result by  Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd

“For 4QFY2020, Whirlpool of India (WIL) reported flat top-line growth at Rs. 1,354cr. Top-line was negatively impacted due to COVID-19 lockdown. On the operating front, the company reported contraction in margins by 253bps yoy to 10.1%. Operating margin was impacted mainly due to higher employee cost (up 86bp) and other expenditure (up 217bp). On the bottom-line front, WIL reported de-growth of ~12% yoy to Rs. 92cr due to lower sales, poor operating performance and higher interest cost.”

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