Shantanu Dasgupta, Vice President-Corporate Affairs and Strategy-Asia South, Whirlpool says the company‘s profit after tax (PAT) was aided by low material costs.
Whirlpool posted a 48.4 percent rise in its third quarter net profit led by strong operational performance. Total income of home appliance company grew 7.2 percent to Rs 721 crore in the quarter ended December 2014 from Rs 673 crore in the year-ago period
Whirlpool of India Vice-President Corporate Affairs and Strategy Asia South Shantanu Dasgupta said, "The growth in profit has come from three factors -- increase in volume of sales, benefit of pricing and better margins from increased sales of premium products."
The consumer durables firm reported a 67.37 percent increase in its standalone net profit at Rs 83 crore for the first quarter ended June 30, on robust operating margins.
Commenting on their strong Q3, Shantanu Dasgupta of Whirlpool said in terms of revenue the results came from some mixed improvements of what we sold, and because of some cost control measures taken by the company.
Whirlpool Corporation had seen a heady 30-40 percent increase in sales in 2009 and 2010 diwali. This year their expectation is muted as consumer sentiment remain weak.
Whirlpool reported a standalone sales turnover of Rs 626.85 crore and a net profit of Rs 24.75 crore for the quarter ended Mar 2013. Other income for the quarter was Rs 4.58 crore.