Whirlpool Q4 net up 55.47% at Rs 55.27 crore

Shares of the company closed at Rs 734.40 apiece on the BSE at the end of the day's trade, up 2.26 percent from previous close.

New Delhi: Consumer durables firm Whirlpool of India on Wednesday reported 55.47 percent increase in standalone net profit at Rs 55.27 crore for the fourth quarter of 2014-15 fiscal ended March 31, 2015.

The company had posted a net profit of Rs 35.55 crore during the same period in the previous fiscal.

Net sales went up by 17.51 percent to Rs 748.18 crore during the quarter under review, compared with Rs 636.68 crore in the fourth quarter of the last fiscal, the company said in a filing to the BSE.

Arvind Uppal, Whirlpool of India CMD and Whirlpool Corporation president, South Asia and Asia Pacific, said: "We delivered strong results in the fourth quarter driven by both top line growth and moderation in input costs.

"The impact of unseasonal weather conditions is likely to moderate demand in semi-urban and rural areas, but we remain optimistic that growth will accelerate in the second half of the year."

During 2014-15, the company's net profit stood at Rs 210.51 crore against Rs 122.91 crore in the year-ago period.

Whirlpool's net sales during 2014-15, were at Rs 3,167.42 crore as against Rs 2,726.2 crore in the year-ago period.

Shares of the company closed at Rs 734.40 apiece on the BSE at the end of the day's trade, up 2.26 percent from previous close.

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