Whirlpool India dividend 2023: Appliance maker declares 50% dividend — Check details

Whirlpool India Q4 Results: Leading consumer appliances manufacturer Whirlpool India has declared a final dividend of 50 per cent i.e. Rs 5 per share based on the face value of Rs 10. Thus, individuals having 10 shares of the company will receive Rs 50 (Rs 5x10). This was the second dividend for FY2023. 

The company issued the first dividend of Rs. 5 in the previous financial year. Whirlpool India reported a 24.58 per cent decline in its consolidated net profit at Rs 63.71 crore for the fourth quarter that ended in March 2023. The company had posted a net profit of Rs 84.48 crore during the January-March quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation said in a regulatory filing.

Its revenue from operations was down 2 per cent to Rs 1,672.65 crore during the quarter under review against Rs 1,706.91 crore in the corresponding period of the previous fiscal.

Whirlpool India's total expenses were at Rs 1,624.89 crore in the quarter, up 1.08 per cent over the year-ago period. For the fiscal year ended March 2023, Whirlpool of India's net profit was down 60.51 per cent to Rs 224.01 crore. It had reported a net profit of Rs 567.37 crore in the year-ago period.

The total income decreased marginally to Rs 1,704.94 crore in Q4 FY23, which previously stood at  Rs 1,720.32 crore, in the same quarter of the previous fiscal year.

Also Read: LIC completes one year in the listed space: Here's a recap of the PSU insurance giant's mega IPO

Also Read: Investors poorer by Rs 1.5 lakh crore in two days as financial, IT shares weigh on market