The consolidated reported profit before tax stood at Rs 33 crore during the quarter, down by 44 per cent on a YoY basis on account of the one-time wage code provision of Rs 39 crore
Marking a 4 per cent growth on a year-on-year (YoY) basis, Whirlpool of India has reported consolidated revenue from operations of Rs 1,774 crore in the third quarter of the current financial year. The increase in revenue was mainly due to share gains in washers and growth in aircon categories.
The company’s consolidated reported profit before tax stood at Rs 33 crore during the quarter, down by 44 per cent on a YoY basis on account of the one-time wage code provision of Rs 39 crore. The consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) before wage code impact was at Rs 90.9 crore, up by 31.2 per cent as compared to the corresponding period of the last financial year.
“Q3 was a historic period for WOIL. We declared the securing of our future in mid October 2025 with a long term deal signed with Whirlpool Corporation (WHR) that ensured multi-decadal rights to usage of the Whirlpool brand, long term technological licensing agreements for accessing world class WHR technology across current and future categories and a three year plus TSA (transitional services agreement) that will allow us the interim systems stability needed to drive strongly forward into the future,” stated Narasimhan Eswar, Managing Director, Whirlpool of India.
The refrigerator business remained muted due to soft industry and continuing competitive pricing and promotions. Despite facing competitive and regulatory headwinds for the industry, the company made strong progress in its core strategic areas of driving premiumisation, executional excellence and cost productivity, it said in a regulatory filing.
Consolidated PBT before exceptional items was at Rs 72 crore, up by 21 per cent as compared to the same period last year. The company said that its subsidiary Elica PB India continues to deliver healthy PBT margins. Standalone net working capital for Q3 at -3.6 per cent of sales continued to be strong highlighting the company’s ongoing operational rigour.
