Whirlpool of India rises despite reporting 25% fall in Q4 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Whirlpool of India is currently trading at Rs. 1357.95, up by 6.40 points or 0.47% from its previous closing of Rs. 1351.55 on the BSE.
The scrip opened at Rs. 1306.05 and has touched a high and low of Rs. 1368.00 and Rs. 1292.20 respectively. So far 54913 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1905.10 on 17-Aug-2022 and a 52 week low of Rs. 1218.20 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1375.00 and Rs. 1292.20 respectively. The current market cap of the company is Rs. 17222.85 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.56% and 9.44% respectively.
Whirlpool of India has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 30.09% fall in net profit at Rs 55.60 crore for the quarter under review as compared to Rs 79.53 crore for the same quarter in the previous year. Total income of the company decreased by 1.70% at Rs 1,595.56 crore for Q4FY23 as compared to Rs 1,623.16 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 24.59% fall in its net profit at Rs 63.71 crore for fourth quarter ended March 31, 2023 as compared to Rs 84.48 crore for the same quarter in the previous year. Total income of the company decreased by 0.89% at Rs 1,704.94 crore for Q4FY23 as compared to Rs 1,720.32 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 17.05% fall in its net profit at Rs 184.86 crore as compared to Rs 222.85 crore for the previous year. However, total income of the company increased by 4.58% at Rs 6,332.28 crore for year under review as compared to Rs 6,055.02 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 60.52% fall in its net profit at Rs 224.01 crore as compared to Rs 567.37 crore for the previous year. However, total income of the company increased by 8.55% at Rs 6,794.96 crore for year under review as compared to Rs 6,259.87 crore for year ended March 31, 2022.
