Consumer durables firm Whirlpool of India today reported a 45.09 percent jump in standalone net profit at Rs 55.44 crore for the December quarter on improved margins.
The company had posted a net profit of Rs 38.21 crore during the same quarter in the year-ago period.
Total income from operations increased by 1.13 percent during the period to Rs 900.94 crore as against Rs 890.86 crore for the corresponding period of the previous fiscal, Whirlpool of India said in a regulatory filing.
"Continued improvement in margins across all product categories, and other cost management initiatives, contributed to the record quarter performance," the company said.
Whirlpool of India MD Sunil D'Souza said: "On the back of a stronger portfolio, improved execution and better macros, we saw the momentum of the September quarter continue into the early part of the December quarter as evidenced by our strong growth during the Diwali period. We continued our operational execution and cost focus to deliver growth for the full quarter despite the short-term challenges posed by demonetisation in the middle of the quarter." Shares of Whirlpool of India were trading 1.95 percent up at Rs 1,022.95 apiece in the afternoon on BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
