Whirlpool Q4 profit rises 43.63% to Rs 35.55 cr

Consumer durables firm Whirlpool of India today reported a 43.63 per cent increase in net profit at Rs 35.55 crore for the fourth quarter ended March 31, 2014 on account of higher other income.

The company had posted a net profit of Rs 24.75 crore during the same period in the previous fiscal.

Net sales went up by 5.60 per cent to Rs 636.68 crore during the quarter under review, Whirlpool said in a filing to the BSE.

It reported other income of Rs 8.31 crore in the fourth quarter of the last fiscal compared with Rs 3.92 crore in the same period of the previous year.

Overall expense stood at Rs 623.49 as against Rs 593.79 crore in the corresponding period last year.

During 2013-14, the company's net profit stood at Rs 122.91 crore compared with Rs 127.75 crore in the year-ago period.

Arvind Uppal, Whirlpool of India CMD and Whirlpool Corporation President, South Asia and Asia Pacific, said: "Our strong focus on operational excellence and product innovation is starting to deliver results and all business levers are trending in the right direction. We remain confident about the business results in the coming quarters."

Shares of the company closed at Rs 258.45 a scrip on the BSE at the end of the day's trade, up 6.07 per cent from their previous close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture