Whirlpool India - Q4 FY13 Result First Cut - Microsec

Whirlpool India Ltd Net Sales decreased by 4% YOY to INR603 crore YOY and its EBITDA decreased by 21% YOY to INR48 crore. EBITDA Margin of the company decreased from 9.3% to 7.7% YOY. PAT decreased by 33% YOY to INR25 crore.

FY13 Annual Result

In FY13, the company's Net Sales increased by 5% YOY to INR2685 crore YOY but it's EBITDA decreased by 2% YOY to INR219 crore. EBITDA Margin of the company decreased from 8.4% to 7.9% YOY. PAT increased by 3% YOY to INR128 crore due to higher other income and lower taxes.

At the CMP of INR203, the stock is trading at a P/E of 20x on its FY13 EPS of INR10.1. We maintain Accumulate on the stock at the current level.

Source : Equity Bulls

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