The firm's operating revenue rose 30.5 per cent over the same quarter last year to Rs 1,341 crore
Consumer durable maker Whirlpool of India on Tuesday reported a 61.96 per cent increase in consolidated net profit to Rs 25.51 crore for the first quarter ended June 30. The company had posted a net profit of Rs 15.75 crore during the April-June quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations rose 30.53 per cent to Rs 1,340.61 crore during the quarter under review, as against Rs 1,027.05 crore a year ago. Whirlpool of India's total expenses surged 30.09 per cent to Rs 1,321.92 crore in Q1 FY22 compared to Rs 1,016.12 crore in the year-ago period. Shares of Whirlpool of India Ltd closed at Rs 2,101.85 per unit, down 1.87 per cent from the previous close.
The consumer durables industry is expected to witness sustained growth over the next few years, according to Whirlpool of India.
Bajaj Electricals and Whirlpool can see significant upside on follow-up buying, technical charts suggest. However, the overall market also needs to be positive for these stocks to gain further ground
According to the company, its business was robust as all categories and geographies showed continued momentum
By expanding its product portfolio, adding new markets and widening its retail footprint, the home appliances major has emerged a clear winner
Indian Meteorological Department (IMD) expects day temperatures to remain above-normal in select regions across the country between March to May 2021
Seven of India Inc's leading decision-makers, who have themselves reimagined their businesses successfully many times, met virtually to select the winners
The firm was hit by a sharp increase in input costs
Petitions were listed today before the division bench for hearing, but due to elevation of one of the judges, a change in the roster is expected
Healthy demand improves earnings visibility; shares scale to all-time high and post the highest daily gain since March
Consumer durables maker Whirlpool of India Ltd on Thursday announced resignation of its Chief Financial Officer Yatin Malhotra and appointment of Aditya Jain as his replacement
It is no wonder that gadgets that can help ease the pressure are in hot demand
The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues
The Gurugram-headquartered firm's PBT fell from Rs 161.4 crore to Rs 119 crore in the last quarter.
All that happened in the markets today
D'Souza holds a PG diploma in management from IIM Calcutta, was leading Whirlpool India for four years prior to this. He had a 15-year stint in PepsiCo, where he worked in several leadership positions
Whirlpool's total income was up 5.83% at Rs 1,310.69 crore during the quarter under review as against Rs 1,238.41 crore of the corresponding quarter last fiscal.
Incumbent MD and CEO Ajoy Misra is retiring from the company at the end of FY20
Bhola has over 20 years of experience in the consumer goods industry