Whirlpool of India, a subsidiary of Whirlpool Corporation, doubled its net profit to ₹21.2 crore for the quarter ended December 31, up from ₹10.1 crore in the corresponding quarter the previous year.
The company said its revenues grew by 8.7 per cent to ₹672.8 crore. Arvind Uppal, Chairman and Managing Director, Whirlpool of India Ltd and President South Asia and Asia Pacific, Whirlpool Corporation said, “All profitability levers — value growth variable margin, EBITDA, PBT and PAT — have been better versus last year and the previous quarter. This has been achieved against considerable odds, as softness in demand, volatility in currency and commodity inflation persisted in the quarter.
Our strong fiscal discipline and the new product launches on the anvil give us the confidence to look at the ensuing quarters with a sense of optimism.”