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Whirlpool India Q2 Results: Net profit drops 39% amid commodity inflation and higher costs

Reported by: CNBC TV18 ·

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Whirlpool of India

Summary

CNBC TV18 reported that Whirlpool of India's net profit for Q2 fell 39% year-on-year to ₹25 crore, even as revenue rose 13.7% to ₹1,873 crore. The outlet said commodity inflation and higher costs weighed on the quarter. EBITDA, or earnings before interest, tax, depreciation and amortisation, fell 31% to ₹40 crore, and the EBITDA margin narrowed to 2.13% from 3.5%. Q2 is the July to September quarter, the second of India's financial year. Year-on-year means compared with the same quarter last year. Net profit is what is left after all costs and tax. Revenue is the money earned from sales. EBITDA is a rough measure of operating profit before these charges, and margin shows how much of each rupee of revenue is left at that stage.

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CNBC TV18  · · Tone -1

Whirlpool India Q2 Results: Net profit drops 39% amid commodity inflation and higher costs

Whirlpool of India reported a 39% year-on-year decline in Q2 net profit to ₹25 crore, while revenue rose 13.7% to ₹1,873 crore. EBITDA fell 31% to ₹40 crore, with margins contracting to 2.13% from 3.5%.

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  • Q2

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

    Learn: How to read a company's results

  • inflation

    Why prices rise over time, how India measures inflation, what the repo rate is, and why the two together affect savings, loans and what your money can buy.

    Learn: Inflation and interest rates

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