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E-mail ID will not be published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

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

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

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture