Whirlpool posts 18.26% decline in net profit in '11
Consumer durables firm Whirlpool today posted an 18.26% decline in its net profit at Rs 47.17 crore for the quarter ended March 31, 2011 as compared to the same period previous fiscal.business Updated: May 09, 2011 16:47 IST
Consumer durables firm Whirlpool on Monday posted an 18.26% decline in its net profit at Rs 47.17 crore for the quarter ended March 31, 2011 as compared to the same period previous fiscal.
The company had a net profit of Rs 57.71 crore in the quarter ended March 31, 2010, Whirlpool of India said in a filing to the Bombay Stock Exchange (BSE).
During the quarter under review, the company's net sales increased by 6.69% to Rs 593.51 crore from Rs 556.29 crore posted in the corresponding quarter previous fiscal.
For the year ended March 31, 2011, the firm's net profit increased to Rs 166.04 crore from Rs 145.02 crore posted in the previous fiscal.
During the period, Whirlpool had a net sales of Rs 2611.93 crore, up 22.16% from 2137.49 crore in the previous fiscal.
Shares of Whirlpool of India closed at Rs 252.25 on the Bombay Stock Exchange, down 8.54% from the previous close.