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WHIRLPOOL OF INDIA QUARTER 1 PAT UP 67%

Key Highlights of Q1

  • Revenue at Rs 1,052 crores, up 19% Vs previous year
  • PAT of Rs 83.0 Cr at 7.9% up 67% Vs previous year of Rs 49.6 Cr
  • EPS for the quarter at 6.5 vs 3.9 in previous year

Pune/New Delhi, Aug 14, 2014: Whirlpool of India, subsidiary of Whirlpool Corporation, the World’s leading  Home Appliance Company today announced strong financial results for its first quarter of 2014-15. Total income of Rs. 1,052 Cr grew by 19% on a year-over-year basis with record EBITDA margin at 13.1%, better by 3.1 points, over the same quarter last year and 2.9 points better than the previous quarter.

First quarter Profit after Tax was at Rs. 83.0 Cr compared to Rs. 49.6 Cr in Q1 of fiscal 2013 and Rs. 35.6 Cr. in Q4 of fiscal 2013-14, a growth of ~67% over last year.

Mr. Arvind Uppal, Chairman and Managing Director, Whirlpool of India Limited and President South Asia and Asia Pacific, Whirlpool Corporation said, “We have delivered a very strong operating performance, which combined with an improvement in consumer demand has resulted in significant increase in our operating profits. We remain optimistic about our performance in the future.”

The company is on track with its plans to introduce over 200 new models in 2014 and has already put into market a new range of Air Conditioners, Refrigerators and Washing Machines. The focus on enlarging its category footprint by aggressively expanding its high-end Built In range of kitchen appliances, including refrigerators, ovens, dishwashers and coffee makers, and its water purifier business continued.

 

ABOUT WHIRLPOOL CORPORATION

Whirlpool Corporation is the world’s leading manufacturer and marketer of major home appliances, with annual sales of approximately $19 billion in 2013, 69,000 employees, and 59 manufacturing and technology research centers around the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world. Additional information about the company can be found at http://www.whirlpoolcorp.com.

For more information, please contact:

Soumya Chandran: +91- 9811376648| soumya@integralpr.com

Rakesh Kumar Jha: +91-9873904595 | Rakesh@integralpr.com

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“Big Bro Production” under the ace leadership of producer Shiyas announces its big foray into entertainment buisness ,with the ambitious debut project  launching the top notch Director Vinayan from the south film industry . 

Producer Mr. Shiyas “Big Bro Production” maiden venture makes its inroad into entertainment. Mr. Shiyas  a NRI businessman makes his way into Bollywood with the announcement of “Big Bro Production” maiden venture which also marks the debut of ace and renowned Malayalam director Mr. Vinayan. Post spinning his magic down Tollywood, award winning director marks his foray in tinsel town with the movie inspired from a real life story that of none other than the producer himself Mr. Shiyas.

 

The massy dialogues, the crowd pulling and the discerning screenplay is Dilip Shukla’s forte. Keeping their best foot forward the dialogues and the screenplay of the 1st movie under the banner will be written by none other than Dilip Shukla. The exorbitantly brilliant writer has penned dialogues and the script of the film, including acting instructions and scene directions under the likes of prominent and mega hit films like Jai Ho (2014), Dabangg (2010) and also Andaz Apna Apna (1994). Now Dilip Shukla having another surprise up his sleeves gears up to exhibit his skills for next venture under “Big Bro Production”.

 

After carving a niche for him down south, Tollywood industry, ace and renowned director Mr. Vinayan expands his reach and marks his inception in Bollywood. Offering a slew of Malayalam blockbusters under his belt, director and producer Mr. Vinayan has spell his expertise in several movies with each film carving a special place in the hearts of the audience. In 2005, Mr. Vinayan created history by writing and directing the film (Wonder Island) with the cast of around 300 midgets for the first time in a film. The two-foot-hero of the film portraying a never seen before character got him global honor with his name in the Guinness Book of Records and Vinayan himself was listed in India’s Limca Book of Records.

 

He perfectly seems to have earned the title of Ace and renowned director with numerous awards including filmfare for three blockbuster movie under his kitty.

 

It is noteworthy; Mr. Vinayan has introduced a handful of actors in the industry with everyone making a name for them in this tough industry. With his guidance and expertise many newcomers have molded their carriers in the glitzy and glamour industry.

 

Testing new water, Producer Mr. Shiyas  announces his “Big Bro Production” maiden venture entry into entertainment industry.  The movie directed under the genius direction of Malayalam director, script writer and lyricist is inspired from a real life story of the talented and famous producer himself Mr. Shiyas .

 

Talking about “Big Bro Production” producer Mr. Shiyas  says “I love Bollywood and the movies; therefore I am introducing “Big Bro Production”. We got the perfectionist Vinayan on Board for the 1st film. The movie is inspired from my real life story and who better than Vinayan to portray it perfection on the celluloid”. He further adds “I lay my trust on him for our 1st venture with the surety that he will capture every essence of my story with absolute perfection”.

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Rajendra Ganotra is the Editor of Spicy Stars Mumbai

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