Consumer durable maker Whirlpool of India on Tuesday reported a 61.96 percent 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 percent 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 percent 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 percent from the previous close.