{"id":139745,"date":"2023-02-01T07:33:44","date_gmt":"2023-02-01T12:33:44","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139745"},"modified":"2023-02-01T07:33:45","modified_gmt":"2023-02-01T12:33:45","slug":"whirlpool-shares-tank-3-after-its-q3fy23-net-profit-drops-by-39","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/whirlpool-shares-tank-3-after-its-q3fy23-net-profit-drops-by-39\/","title":{"rendered":"Whirlpool shares tank 3% after its Q3FY23 net profit drops by 39%"},"content":{"rendered":"\n<p>Whirlpool of India share price corrected more than 3 percent after the company reported a 16 percent drop in revenue on February 1. The stock closed at INR 1,344.5 per share on the National Stock Exchange.<\/p>\n\n\n\n<p>The electronics and kitchen appliances maker has recorded a consolidated profit at INR 27 crore for the December FY23 quarter, down 39 percent from the year-ago period, impacted by negative operating performance as well as a lower topline. Standalone revenue from operations declined 18.3 percent on year to INR 1,172.4 crore for the quarter.<\/p>\n\n\n\n<p>On the operating front, standalone EBITDA (earnings before interest, tax, depreciation, and amortisation) plunged 74 percent year-on-year to INR 19.1 crore, with margin declining by 360 basis points to 1.6 percent compared to year-ago period on higher input cost. The raw material cost at INR 813.6 crore was 21 percent higher from the year-ago quarter.<\/p>\n\n\n\n<p>Whirlpool has been under pressure for the last five-and-half-month, falling nearly 30 percent since mid-August. In January 2023, it lost over 12 percent from the month&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"804\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8-804x1024.png\" alt=\"\" class=\"wp-image-139746\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8-804x1024.png 804w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8-235x300.png 235w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8-768x978.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8-1206x1536.png 1206w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8-1608x2048.png 1608w\" sizes=\"auto, (max-width: 804px) 100vw, 804px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whirlpool of India share price corrected more than 3 percent after the company reported a 16 percent drop in revenue on February 1. The stock closed at INR 1,344.5 per share on the National Stock Exchange. The electronics and kitchen appliances maker has recorded a consolidated profit at INR 27 crore for the December FY23 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":139746,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[10481,11431,11432],"class_list":["post-139745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-kitchen-appliances","tag-refrigerator","tag-washing-machine"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2eafb287-0fc1-4edc-a6b2-3ffc5b3fabd8.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140920,"url":"https:\/\/alphastreet.com\/india\/whirlpool-revenue-drops-by-16-in-third-quarter-of-fy23\/","url_meta":{"origin":139745,"position":0},"title":"Whirlpool revenue drops by 16% in third quarter of FY23","author":"Chirag Gupta","date":"February 10, 2023","format":false,"excerpt":"Whirlpool of India share price corrected more than 3 percent after the company reported a 16 percent drop in revenue on February 1. The stock closed at INR 1,344.5 per share on the National Stock Exchange. The electronics and kitchen appliances maker has recorded a consolidated profit at INR 27\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":135067,"url":"https:\/\/alphastreet.com\/india\/rbl-banks-reports-a-whopping-7-times-profit-growth-in-q2fy23\/","url_meta":{"origin":139745,"position":1},"title":"RBL Banks reports a whopping 7 times profit growth in Q2FY23","author":"Chirag Gupta","date":"October 24, 2022","format":false,"excerpt":"RBL Bank, a Midcap private sector lender reported a standalone profit of INR 201.55 crore for the September quarter of FY23, growing 6.5 times from the year-ago period on a low base. The profit in Q2FY22 was hit by higher provisions for bad loans, while the growth was almost flat\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":138682,"url":"https:\/\/alphastreet.com\/india\/metro-brands-q3fy23-results-out-net-revenue-up-by-24\/","url_meta":{"origin":139745,"position":2},"title":"Metro Brands Q3FY23 results out: Net revenue up by 24%","author":"Chirag Gupta","date":"January 17, 2023","format":false,"excerpt":"The share price of Metro Brands declined half a percent to INR 843.3 on January 17 after contraction in operating profit margin for the quarter ended December 2022, but the highest ever profit, revenue and EBITDA capped the downside. The footwear retailer has recorded a 10.8 percent on-year growth in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":142711,"url":"https:\/\/alphastreet.com\/india\/transport-corporation-of-india-q3fy23-standalone-net-profit-rises-by-23-percent\/","url_meta":{"origin":139745,"position":3},"title":"Transport Corporation of India Q3FY23 standalone net profit rises by 23 percent","author":"Chirag Gupta","date":"February 24, 2023","format":false,"excerpt":"Supply chain and logistics solutions provider Transport Corporation of India Ltd (TCI) on Monday reported a 23 per cent growth in standalone profit after tax at INR 95 crore in the quarter ended December 2022. The company had posted a PAT (Profit After Tax) of INR 78 crore in the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142060,"url":"https:\/\/alphastreet.com\/india\/orient-electric-limited-q3fy23-earnings-story\/","url_meta":{"origin":139745,"position":4},"title":"Orient Electric Limited Q3FY23 Earnings Story","author":"Karan_Singh","date":"February 16, 2023","format":false,"excerpt":"Orient Electric has earned its mark as one of India\u2019s leading consumer electrical brands. The company offers a diverse range of lighting, fans, home appliances, and switch-gears. The company is committed to producing cutting-edge lifestyle electrical items that satisfy the demands and expectations of contemporary consumers. It takes pride in\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/skyscrapers-7558938_1920-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":143055,"url":"https:\/\/alphastreet.com\/india\/sun-tv-network-q3fy23-net-profit-drops-by-10-percent\/","url_meta":{"origin":139745,"position":5},"title":"Sun TV Network Q3FY23 net profit drops by 10 percent","author":"Chirag Gupta","date":"March 1, 2023","format":false,"excerpt":"Sun TV Network Limited announced its earnings for the quarter ended 31st December 2022. The revenue (excl. IPL & Movies) was INR 810.51 crore for the quarter ended 31st December\u20192022 as against INR 829.57 crore for the corresponding quarter ended 31st December\u20192021. The overall revenue was at INR 857.51 crores\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=139745"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/139746"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=139745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=139745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=139745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}