by Suman Gupta
KEY HIGHLIGHTS OF Q2 2018-19
$B!|(B Total income from operations up 1.9 % vs LY
$B!|(B PBT Rs 120.4 Cr…. up 5.6 % vs LY
$B!|(B Profit after Tax (PAT) Rs 78.6 Cr….up 6.9 % vs LY
Mumbai, Nov 2018: Whirlpool of India, a subsidiary of Whirlpool Corporation, the world$B!G(Bs leading home appliance company, today announced strong operating results for the second quarter of 2018-19. Total income from operations of Rs 1181.5Cr up 1.9 % vs. LY. PBT at Rs 120.4 Cr….up 5.6 % vs. LY
Mr Arvind Uppal, Chairman Whirlpool of India Limited said, $B!H(BWe are pleased with the results given the number of headwinds faced this quarter which impacted both cost and demand. The reduction in gst rates was a welcome move and we remain optimistic about consumer demand going ahead$B!I(B
Mr Sunil D$B!G(BSouza, Managing Director Whirlpool of India Limited said, $B!H(BWhirlpool India delivered a good set of results in this quarter despite a tough environment. While the high post GST base effect of last year and the shift in Diwali timings were known challenges for growth in the quarter, we also had some unexpected headwinds in the form of floods during Onam and the depreciation of the Indian Rupee
In the short term, we expect to see a volatile environment and some cost headwinds but we remain confident in our team$B!G(Bs ability to tackle these challenges. The GST reduction on appliances during this quarter is a significant positive for demand and only adds to our confidence on our growth prospects in India.
