Whirpool India - First Cut - Microsec

Whirpool India announced its Q2 FY13 results on 30 Oct 2012. The company's Net Sales increased by 10% YOY to 633 crore and EBITDA increased by 22% YOY to INR48 crore. EBITDA Margin of the company increased from 6.8% to 7.5% YOY. PAT of the company increased by 98% YOY to INR28 crore.

Other Income came at INR7 crore Vs INR2 crore. At the CMP of INR249, the stock discounts its FY13E EPS of INR12.4 by 20x.

We maintain Accumulate with a price target of INR273.

Source : Equity Bulls

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