Shares of Whirlpool of India Ltd. fell by 4.44% to ₹1,971.25 on the NSE as of 9:44 am on November 8, following the release of its Q2 FY25 results. The company reported a 25.4% year-on-year (YoY) decrease in net profit to ₹287 crore for the quarter ending September 30, 2024, down from ₹384.7 crore in the same quarter last year.
Key Financial Highlights for Q2 FY25:
- Revenue from Operations: ₹1,582 crore, up 13% YoY from ₹1,400 crore in Q2 FY24.
- EBITDA: Increased by 31% to ₹68.4 crore, compared to ₹52.2 crore in the previous year.
- EBITDA Margin: Stood at 4.3%, up from 3.7% in Q2 FY24.
The company also announced an expansion of its refrigerator manufacturing capacity at its Pune facility, currently producing 54 lakh units annually at 63% utilization. Whirlpool plans to add 3 lakh units of capacity per year, with the expansion expected to be completed by July 2026 at a cost of ₹270 crore, funded through internal accruals. This move is aimed at meeting future demand in the refrigerator segment.
