Whirlpool spins a good run
By
Research Desk
about 9 years ago
Whirlpool of India is on a big spin today. Cocking volumes of almost 9 times, the stock is up over 3% at Rs.755 levels with an intra day high at Rs.780. Its 52-week high is at Rs.810.
The market is extremely happy with the company’s performance for Q4FY15 wherein it posted a 17% (YoY) jump in net sales at Rs.748 crore and net profit of Rs.55 crore, up by a smart 57%. Costs were down 13% and coupled with increased topline led to a 41% rise in EBITDA a Rs.83 crore and margins came in at 10.69%, up sharply from 6.8% in previous Q4. Interest costs was also down by a big 76%.
The company ended FY15 with a net profit of Rs.210 crore, up 71%. Cash at hand has shown a dramatic 83% rise at Rs.536 crore.