Whirlpool of India up as Q4 margin expands, profit climbs

Whirlpool of India

21/05/2024 05:19

** Shares of Whirlpool of India  WHIR.NS  up 2.6% to 1,619.9
rupees
    ** Co's Q4 EBITDA margin increases 200bps YoY to 8.3%;
consolidated net profit up 24% YoY
    ** Net profit impacted by one-time item of 189.1 mln rupees
due to losses from a fire at co's warehouse in Delhi
    ** Rivals Havells India  HVEL.NS  and Blue Star  BLUS.NS 
report rise in Q4 profit, Voltas  VOLT.NS  profit down
    ** BLUS only "buy"-rated stock among the four, rest rated
"hold" - LSEG data
    ** WHIR up ~18% YTD; HVEL, BLUS, VOlT up between ~33% and
~68%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))