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Whirlpool of India’s fourth-quarter results: profit falls short

Consolidated net profit rose about 24% to Rs 78 crore in the three months ended March 31, missing critics' estimates of Rs 90 crore, according to LSEG data.

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Whirlpool of India’s fourth-quarter results: profit falls short

Whirlpool of India’s fourth-quarter results: profit falls short

Whirlpool: Consolidated net profit rose about 24% to Rs 78 crore in the three months ended March 31, missing critics’ estimates of Rs 90 crore, according to LSEG data.

Profit Performance Below Expectations

Whirlpool of India, a prominent appliances maker, reported its fourth-quarter profit figures on Monday, revealing a smaller-than-anticipated outcome. 

Despite steady demand for its cooling appliances, stiff competition and increased input costs took a toll on the company’s financial performance.

Profit Figures and Analysts’ Estimates

The company’s consolidated net profit for the three months ending March 31 saw a modest rise of nearly 24%, reaching Rs 78 crore. However, this figure fell short of analysts’ expectations, who had anticipated a profit of Rs 90 crore, as per LSEG data.

Revenue and Expenses

Whirlpool of India’s revenue from operations experienced a moderate increase of nearly 4%, reaching Rs 1,734 crore. 

Also read: Vodafone idea reports consolidated quarterly numbers for March 24

This growth reflects the company’s resilience in maintaining stable demand for its products amidst competitive pressures. However, expenses surged by 2.2%, primarily driven by a significant rise of almost 31% in input costs.

Challenges Ahead

The company faces ongoing challenges in navigating a competitive market landscape while managing escalating input costs. These factors continue to influence its profitability and overall financial performance.

Whirlpool of India’s ability to address these challenges and adapt to market dynamics will be critical in sustaining its growth trajectory and meeting shareholder expectations in the upcoming quarters.

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