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Q1FY20 Earnings Report of Whirlpool of India Ltd - HDFC Securities
Trends in Sales and Margins
Revenue grew by 45.68% to Rs. 1974.2 Cr in Q1FY20 when compared to the previous quarter. Also, it grew by 19.57% when compared with Q1FY19. The Sales had been increasing from Q3FY19 to Q1FY20. The Sales decreased in Q2FY19. EBITDA was Rs. 329.9 Cr for Q1FY20, a rise of 67.72% compared to Q4FY19.It increased by 17.95% compared to Q1FY19 . The EBITDA had been increasing from Q4FY19 to Q1FY20, while it was decreasing in the period from Q2FY19 to Q3FY19. PAT for Q1FY20 was Rs. 190.8 Cr, a rise of 83.29% when compared to Q4FY19 . When compared to Q1FY19, PAT increased by 16.48%. The PAT had been increasing from Q4FY19 to Q1FY20, while it was decreasing in the period from Q2FY19 to Q3FY19.
Trend of Interest expended
The EBITDA Margin grew to 16.7% in Q1FY20, a rise of 220.0 bps compared to the last quarter. It was due to the fall in other and employee expenses as a proportion of sales. The EBITDA Margin was 16.9% same quarter last year. PAT Margin grew from 7.7% in Q4FY19 to 9.7% this quarter. It rose due to the rise in the EBITDA Margin , interest and depreciation.
The EPS grew this quarter to Rs. 15.0 from Rs. 8.2 in Q4FY19. In Q1FY19 it was Rs. 12.9.
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HDFC Securities Limited (HSL) is a SEBI Registered Research Analyst having registration no. INH000002475
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