Whirlpool - First Cut Q2FY14 - Microsec

Whirlpool India Ltd Net Sales decreased by 4% YOY to INR586 crore YOY and its EBITDA decreased by 34% YOY to INR32 crore. EBITDA Margin of the company decreased from 7.5% to 5.1% YOY. PAT decreased by 42% YOY to INR17 crore.

Half-Yearly Result (H2 FY14)

The company's Net Sales decreased by 3% YOY to INR1442 crore YOY and it's EBITDA decreased by 23% YOY to INR114 crore. EBITDA Margin of the company decreased from 9.7% to 7.6% YOY. PAT decreased by 29% YOY to INR66 crore. At the CMP of INR180, the stock is trading at a P/E of 21.9x on its FY14E EPS of INR8.2. We maintain Neutral on the stock at the current level.

Source : Equity Bulls

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