Whirlpool

Whirlpool of India clocked a very good 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. White goods companies like Whirlpool are expected to do better in the coming months as demand is expected to pick up and it could enjoy advantages of lower raw material prices, leading to better growth maintenance of Whirlpool’s operating margins. A debt free company with healthy cash balance, its headed for good times, what with many fund houses also upgrading the stock