Companies

Whirlpool net jumps 26% on sales growth

Heena Khan New Delhi | Updated on August 06, 2012 Published on August 06, 2012

Riding on sales growth, Whirlpool of India on Monday reported a 26 per cent jump in net profit to Rs 872.14 crore for the quarter ended June 2012.

The company, a subsidiary of Whirlpool Corporation, had posted a net profit of Rs 790.50 crore in the corresponding quarter last fiscal.

Whirlpool of India has seen a sales volume growth of more than 5 per cent during the quarter, the company said in a release.

Net sales jumped 10.33 per cent to Rs 872.14 crore (Rs 790.50 crore).

Arvind Uppal, Chairman and Managing Director, Whirlpool of India Ltd, said: "We continue to remain debt-free, generate healthy cash and plough this into investment behind improving product offerings.

"With new products on the anvil, and continued focus on cost-efficiency, we are cautiously optimistic of growing ahead of the market in the quarters to follow.”

Published on August 06, 2012
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