Monday, May 24, 2010

WHIRLPOOL INDIA - PERFORMANCE IN FY 10 - Q4 GOOD - PE SEEMS HIGH



Whirlpool of India Limited

NSE Symbol WHIRLPOOL
01-APR-2009 to 31-MAR-2010 (Annual)
Audited, Cumulative, Non-Consolidated

The annual Non-consolidated results for FY 10 of whirlpool of India are analyzed below:
Net Sales are Rs.2137 Crores, out of which. Q4 share is Rs.556 Crores.
Total expenditure is Rs.2013 Crores, Q4 share being 514 crores.
Net Profit for the year is Rs.145 Crores (Q4 = 58 Cr).
Basic EPS for the year on a Face Value of Rs.10 is 10.03, out of which Q4 contribution is 4.2.
A significant contributor to the company’s performance during the year and quarter 4 was the overall growth it saw in categories such as air conditioners, refrigerators and washing machines. 
At market price of Rs.262, the PE Ratio is 26.2 which appears to be high for this level of performance.

ANNUAL FY 10- IN LAKHS

213748
Other Operating Income
8175
CHANGE IN SIT & WIP
-11353
Raw Materials
107607
Purchase of traded goods
39788
Employees Cost
16036
Depreciation
3968
Other Expenditure
45291
Total Expenditure
201337
O P T
20586
Other Income
1902
Interest
827
Exceptional items
940
P B T
20721
Tax Expense
6219
P A T
14502
Net Profit
14502
Dividend (%)
-
Face Value (in Rs.)
10
Paid-up Equity
12687
Reserves
7284
Basic EPS
10.03

QUARTERLY FIGURES FOR Q 4

Q4 AMT(lakhs)
Net Sales
55629
Raw Materials
30786
Purchase of traded goods
18911
Other Expenditure
11625
Total Expenditure
51382
O P T
6372
Other Income
953
P B T
6970
Tax Expense
1198
P A T
5772
Net Profit
5772
Dividend (%)
-
Face Value (in Rs.)
10
Paid-up Equity
12687
BasicEPS( Rs.)
4.2

ANNOUNCEMENT TO THE EXCHANGE

17-05-2010 Whirlpool Of India Limited has informed the Exchange that the Board of Directors at its meeting held on May 17, 2010 inter alia transacted following major business in the meeting: (1) The Dividend declared on Preference Shares is Rs.1 Per share for financial year 2008-09 & 2009-10 against Nil in the previous year. Interim dividend on preference shares was paid for financial years 2005-06, 2006-07 & 2007-08 during the financial year 2009-10 as against Nil in the previous year. (2) The Dividend proposed on Equity Shares is Nil as against Nil in the previous year. (3)Appointed Mr. Syed Shahzad Akhtar as Whole time Director w.e.f. May 17, 2010 (4) Resignation of Mr. Vikas Singhal as Whole Time Director w.e.f. March 31, 2010 was noted. (5) Approved part redemption of 4,34,92,500 10% Redeemable Non-Convertible Cumulative Preference Shares of Rs. 10 each at par amounting to Rs. 43,49,25,000 and the date of redemption shall be announced in due course.

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