Whirlpool India reports strong financial results for Q3, with positive cash flow and profitability

Whirlpool India, a leading domestic appliances company, has recently announced its financial results for the quarter ending September 2024. The company has shown positive performance in this quarter, with a score of 18 out of 28, compared to the previous quarter's score of 28.

One of the key highlights of the financial results is the company's strong operating cash flow, which has been consistently growing over the last three years. In the last fiscal year, Whirlpool India recorded the highest operating cash flow of Rs 610.10 crore. This indicates that the company has been able to generate higher revenues from its business operations.

Another positive aspect of the financial results is the growth in Profit After Tax (PAT) for the quarter, which has increased by 42.2% year on year. This trend is expected to continue in the near future. Similarly, the Profit Before Tax (PBT) has also shown a growth of 30.72% year on year, indicating a positive trend in the company's profitability.

Whirlpool India also has a strong cash position, with cash and cash equivalents of Rs 2,445.45 crore in the last six half-yearly periods. This shows that the company has a good short-term liquidity and is well-positioned to meet its financial obligations.

On the other hand, the company's non-operating income, which is 67.23% of the Profit Before Tax, is a cause for concern. This indicates that a significant portion of the company's income is coming from non-business activities, which may not be sustainable in the long run.

Overall, Whirlpool India's financial results for the quarter ending September 2024 have been positive, with strong cash flow and profitability. However, the company needs to address the issue of high non-operating income to ensure sustainable growth in the future. Based on these results, MarketsMOJO has given a 'Hold' call for Whirlpool India's stock.