Whirlpool of India Limited Q4FY21 Result Analysis

The Whirlpool of India Limited announced its Quarterly Results for Q4FY21 on Tuesday 15^th June 2021. Here is a short analysis of the Q4FY21 result of Whirpool:

1. Q4FY21 Results:

• The Consolidated Revenue from Operations of the company rose by 31.4% YoY from Rs. 1,354 Cr. in Q4FY20 to Rs. 1,779 Cr. in Q4FY21/ Quarter-on-Quarter, the revenue from operation increased by 19.1% from Rs. 1,494 Cr. in Q3FY21.
• The Consolidated Operating Profit of the company also increased by 38.7% YoY from Rs. 137 Cr. in Q4FY20 to Rs. 190 Cr. in Q4FY21. While the same has grown by a massive 88.1% QoQ from Rs. 101 Cr. in Q3FY21.
• The Operating Profit Margin of the company has also grown by 60 bps YoY and 390 YoY from 10.1% and 6.8% respectively to 10.7% in Q4FY21.
• The Consolidated Profit Before Tax of Whirlpool for the quarter ended 31^st March 2021 was Rs. 173 Cr. against Rs. 124 Cr. in the same quarter previous year amounting to significant growth of 39.5% YoY. The PBT has increased by 84% QoQ from Rs. 94 Cr. in the quarter ended 31^st December 2020.
• The company has reported a healthy Consolidated Net Profit of Rs. 130 Cr. in the quarter ended 31^st March 2021, up by 41.3% YoY from Rs. 92 Cr. in Q4FY20. Whereas QoQ, the Net Profit has grown by stellar 83.1% from Rs. 71 Cr. in Q3FY21.
• The Net Profit Margin of the company has also reported significant growth. In Q4FY21, the net profit margin grew by 50 bps YoY from 6.8% to 7.3%. Whereas, on QoQ, the Net Profit Margin of the company has increased by 250 bps from 4.8% in Q3FY21.

Whirlpool of India- Q4FY21 Results

2. FY21 Performance:

• The Consolidated Revenue from Operations for the full year of the company stood at Rs. 5,900 Cr., down by 1.6% from Rs. 5,993 Cr. in FY20.
• The Consolidated Operating Profit of the company went down by 22.9% from Rs. 673 Cr. in FY20 to Rs. 519 Cr. in FY21.
• The Operating Profit Margin stood at 8.8% in FY21 against 11.3% in FY20, resulting in a degrowth of 250 bps.
• The Consolidated Profit Before Tax (PBT) of the company also fallen by a massive 30% from Rs. 667 in FY20 to Rs. 470 Cr. in FY21.
• Finally, the company delivered a consolidated net profit of Rs. 352 Cr. in FY21, down by 28.2% from Rs. 490 Cr. in FY20.
• The Net Profit Margin of the company in the year ended 31^st March 2021 was at 6%.

Whirlpool of India- FY21 Performance

3. Dividend:

The Board of Directors has recommended a final dividend of Rs. 5 per equity share.

4. Cash Flow:

The Company is having a Free Cash Flow of Rs. 479 Cr. in FY21 against 63 Cr. in FY20.