BackWhirlpool Q4 result: Net profit declines 24%, Board declares 50% dividend
Whirlpool Of India is a mid cap consumer discretionary company that recorded a market cap of ₹17,147.36 Cr during today's closing session.
PremiumWhirlpool Of India is a mid cap consumer discretionary company that recorded a market cap of ₹17,147.36 Cr during today's closing session. The scrip ended on a red note by 1% after Q4 net profit declined by 24%.
Whirlpool of India, a manufacturer of consumer goods, reported a 24.5 percent reduction in its consolidated net profit for the fourth quarter of FY23, falling to ₹63.71 crore from ₹84.48 Cr in Q4FY22. The company reported revenue from operations of Rs 1672.65 Cr down by 2% YoY from ₹1706.91 Cr in the year-ago quarter.
During the quarter ended March 2023, the company’s total expenses stood at Rs 1,624.89 crore in Q4 FY23 as against ₹1,607.47 in the same quarter of FY22. In comparison to the same quarter of the previous fiscal year, its total income decreased marginally to ₹1,704.94 crore in Q4 FY23 from ₹1,720.32 crore. The EPS of Whirlpool stood at ₹4.94 during Q4FY23, compared to ₹6.61 in the year-ago quarter.
“Pursuant to Regulation 30 and 43 of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held today have recommended Final Dividend of Rs. 5 per equity share of the face value of Rs. 10/- each (50%) for the financial year 2022-23," said Whirlpool Of India in a stock exchange filing.
The shares of Whirlpool Of India closed today on the BSE at ₹1351.55 apiece down by 0.85% from the previous close of ₹1363.10. The stock touched a 52-week-high of ₹1,905.10 on (17/08/2022) and a 52-week-low of ₹1,218.20 on (03/02/2023).
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