InvestorQ : How do you see the results of Whirlpool of India in the Jun-20 quarter?
indhumathi Sayani made post

How do you see the results of Whirlpool of India in the Jun-20 quarter?

Answer
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shrinidhi Rajan answered.
1 month ago


Whirlpool of India, one of India’s largest consumer durables and white goods companies, reported 48% lower total revenues at Rs.1041 crore for the Jun-20 quarter. Shut stores and the logistic disruptions were largely responsible for the fall in sales. Whirlpool also reported a 92% fall in net profits at Rs.15.75 crore for the Jun-20 quarter.

The sharp fall in net profits was directly related to the fall in sales. Also, in this line of business, the fixed costs are substantial and these could not be absorbed adequately during the year. The sector is still to see a bounce in revenues back to the pre-COVID levels.