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Whirlpool declares Q1 PAT of Rs. 98 cr, up by 18.2 pct yoy

India Blooms News Service | | Jul 22, 2015, at 03:25 am

#Whirlpool # PAT # Arvind Uppal # EBITDA # Whirlpool Corporation

Gurgaon, July 21 (IBNS): Whirlpool of India, a subsidiary of Whirlpool Corporation, the world's leading home appliance company, on Tuesday announced strong operating results for the first quarter of 2015-16 with the company's total income standing at Rs. 1,100.3 crore, a growth by 4.6 percent.

The company registered Profit after Tax at Rs. 98.1 crore which is higher by 18. percent over the same quarter last year.

EBITDA margin stood at 14.8 percent which was better by 1.6 points than the corresponding quarter of the previous fiscal.

The company continues to be debt free and its cash surplus of Rs 770 Cr is at its highest ever.

Arvind Uppal, Chairman Whirlpool of India Limited and President Asia Pacific, Whirlpool Corporation said, "We have started the year well despite a weak business environment especially in semi urban and rural markets. This quarter was also adversely impacted by heavy rains in June. We continue to see improvement in margins on account of cost, productivity and improved mix and expect demand to improve in the coming festival season. We remain optimistic about the future."

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