Whirlpool Of India Pre-tax Profit Falls 26% In Q4; Revenue Dips Marginally
The Gurugram-headquartered firm's PBT fell from Rs 161.4 crore to Rs 119 crore in the last quarter.
Topics
WHIRLPOOL | Whirlpool India | Q4 earnings
Despite a flat revenue, cost of materials, employee benefit expenses, and purchase of traded goods rose – impacting its margins.
Consumer durables firm Whirlpool of India reported a 26 per cent year-on-year drop in its profit before tax (PBT) for the January-March quarter (Q4).
The Gurugram-headquartered firm’s PBT fell from Rs 161.4 crore to Rs 119 crore in the last quarter. Whirlpool’s operating revenue dipped marginally to Rs 1,354 crore in Q4 from Rs 1,355 crore in the corresponding quarter last year.
Despite a flat revenue, cost of materials, employee benefit expenses, and purchase of traded goods rose – impacting its margins.
First Published: Fri, June 19 2020. 02:25 IST
PREVIOUS STORY
NEXT STORY
';if(neverShowNotificaitonCookie==''||neverShowNotificaitonCookie=='undefined'||neverShowNotificaitonCookie==null){var lastReminderCookie=getCookie('_ler'+loginParamObj.uId);if((lastReminderCookie=="")||(lastReminderCookie=="undefined")||(lastReminderCookie==null)){$('body').prepend(notificationBox);}else{if(lastReminderCookie
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more