Share the post "Whirlpool of India : Q1 2024 Financial Quarterly Report : YoY Sales Up 23.97 %, QoQ Up 47.87 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 23.97 % in the past year, substantial increase in net sales/revenue by 47.87 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 46.91 %. Marginal increase in other income during this quarter, up by 26.67%.
- Profit over the Year and quarter: Significant improvement in profitability for Whirlpool of India Limited. Notable increase of 115.24 % in net profit Year to Year, Whirlpool of India Limited’s profitability increased by 106.52 % in this quarter.
- EPS over the Year and quarter: EPS increased by 115.07 % Year to Year. EPS increased by 106.25 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1922.85 Cr | Rs. 1612.01 Cr | Rs. 2383.7 Cr | + 47.87 % | + 23.97 % |
| Expenses | Rs. 1822.65 Cr | Rs. 1491.33 Cr | Rs. 2190.41 Cr | + 46.88 % | + 20.18 % |
| Operating Profit | Rs. 100.2 Cr | Rs. 120.68 Cr | Rs. 193.29 Cr | + 60.17 % | + 92.9 % |
| OPM % | 5.21 % | 7.49 % | 8.11 % | + 0.62 % | + 2.9 % |
| Other Income | Rs. 32.23 Cr | Rs. 37.38 Cr | Rs. 47.35 Cr | + 26.67 % | + 46.91 % |
| Interest | Rs. 6.91 Cr | Rs. 7.99 Cr | Rs. 9.47 Cr | + 18.52 % | + 37.05 % |
| Depreciation | Rs. 46.35 Cr | Rs. 55.4 Cr | Rs. 50.32 Cr | -9.17 % | + 8.57 % |
| Profit before tax | Rs. 79.17 Cr | Rs. 94.67 Cr | Rs. 180.85 Cr | + 91.03 % | + 128.43 % |
| Tax % | 21.35 % | 31.45 % | 25.89 % | -5.56 % | + 4.54 % |
| Net Profit | Rs. 62.27 Cr | Rs. 64.9 Cr | Rs. 134.03 Cr | + 106.52 % | + 115.24 % |
| EPS in Rs | Rs. 4.91 | Rs. 5.12 | Rs. 10.56 | + 106.25 % | + 115.07 % |
Today, we’re looking at Whirlpool of India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 23.97 %. However, it did see a marginal increase of 47.87 % from the previous quarter. Expenses ticked up slightly by 46.88 % quarter-on-quarter, aligning with the annual rise of 20.18 %. Operating profit, while up 92.9 % compared to last year, faced a quarter-on-quarter increase of 60.17 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.9 %, but an expansion of 0.62 % sequentially. Other income rose by 26.67 % compared to the last quarter, despite an annual growth of 46.91 %. Interest expenses surged remarkably by 18.52 % from the previous quarter, yet the year-over-year increase remains at a moderate 37.05 %. Depreciation costs fell by -9.17 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.57 %. Profit before tax grew annually by 128.43 % but saw an increase from the preceding quarter by 91.03 %.
Tax expenses as a percentage of profits increased slightly by 4.54 % compared to last year, with a more notable quarter-on-quarter decrease of -5.56 %. Net profit rose by 115.24 % year-on-year but experienced a 106.52 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 115.07 % but a quarterly rise of 106.25 %. In summary, Whirlpool of India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1922.85 Cr | Rs. 1612.01 Cr | Rs. 2383.7 Cr | + 47.87 % | + 23.97 % |
| Expenses | Rs. 1822.65 Cr | Rs. 1491.33 Cr | Rs. 2190.41 Cr | + 46.88 % | + 20.18 % |
| Operating Profit | Rs. 100.2 Cr | Rs. 120.68 Cr | Rs. 193.29 Cr | + 60.17 % | + 92.9 % |
| Net Profit | Rs. 62.27 Cr | Rs. 64.9 Cr | Rs. 134.03 Cr | + 106.52 % | + 115.24 % |
| EPS in Rs | Rs. 4.91 | Rs. 5.12 | Rs. 10.56 | + 106.25 % | + 115.07 % |
In reviewing Whirlpool of India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.97 % year-on-year growth, however, there was a minor increase of 47.87 % from the previous quarter. Expenses rose by 20.18 % compared to the previous year, with a 46.88 % increase quarter-on-quarter. Operating Profit surged by 92.9 % annually, and saw a 60.17 % increase from the last quarter.
Net Profit showed yearly increase of 115.24 %, and experienced a 106.52 % increase from the previous quarter. Earnings Per Share (EPS) rose by 115.07 % annually, however rose by 106.25 % compared to the last quarter. In essence, while Whirlpool of India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
