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Whirlpool of India registered an over two-fold growth in net profit for the quarter ended September 30. The company posted a net profit of ₹40.7 crore, up from ₹16.54 crore in the similar previous period.
Total income grew 21 per cent to ₹744.6 crore, up 21 per cent over the year-ago period.
In a statement, Arvind Uppal, Chairman of Whirlpool of India, and President Asia-Pacific, Whirlpool Corporation, said: “We are seeing strong business momentum with significant improvement across all levers. There are clear signs of industry growth and we expect the trend to continue in the foreseeable future. We have crossed last year’s profit in the first six months this year and remain optimistic about the future.”
The company said sales in the festival period grew 20 per cent. On Friday, the stock gained 4.29 per cent to ₹493.95 on BSE, while the benchmark Sensex closed 1.9 per cent higher at 27,865.83 points.
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