Upcoming Webinar :Register now for 'ULIP as an investment during economic recovery' powered by Bajaj Allianz

Whirlpool Of India q3 Up 23% To Rs 76.49cr

Commenting on the results, Whirlpool of India Chairman Arvind Uppal said, "Whirlpool continued to deliver strong results on the back of market share gains."

Feb 7, 2020 / 08:39 PM IST
Representative image

Representative image

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Consumer durables maker Whirlpool of India Ltd on Friday reported a 22.91 per cent rise in its consolidated net profit to Rs 76.49 crore for the quarter ending December 2019. The company had posted a net profit of Rs 62.23 crore in the October-December quarter a year ago, Whirlpool of India said in a BSE filing.

Its total income was up 5.83 per cent at Rs 1,310.69 crore during the quarter under review as against Rs 1,238.41 crore of the corresponding quarter last fiscal.

Commenting on the results, Whirlpool of India Chairman Arvind Uppal said, "Whirlpool continued to deliver strong results on the back of market share gains."

"Revenue growth was temporarily impacted in the quarter because of a shift in Diwali timing and softer consumer demand. We expect to see consumer demand returning to growth starting this March quarter and remain very optimistic about our business," he said.

Total expenses of Whirlpool of India, a subsidiary of Whirlpool Corporation, were at Rs 1,214.01 crore as against Rs 1,144.49 crore of the corresponding quarter, up 6.07 per cent.

Close
Shares of Whirlpool of India Ltd on Friday settled at Rs 2,525.45 on BSE, up 1.37 per cent from the previous close.
PTI
first published: Feb 7, 2020 08:39 pm

stay updated

Get Daily News on your Browser
Sections