Whirlpool India profit rises

whirlpool-IndiaOn Monday, the net profit of Whirlpool India increased three times to become Rs. 57.72 crore. The figure is for the quarter ending March 31, 2010.

Interestingly, this is the highest ever increase that the consumer durable manufacturing company has seen in a three-month period.

It saw a profit of Rs. 17.72 crore for the quarter ending March. It also saw total sales of Rs. 577.54 crore for the same period as against Rs. 374.66 crore for the corresponding period of last year.

Talking about this to a private news agency, PTI, Shantanu Dasgupta, vice president (corporate affairs and strategy) said that the key growth areas were refrigerators, air conditioners, microwaves and water purifiers. These constituted the major chunk of sales and pushed the total figures up steeply.

As per him, the sales in terms of value and volume together went up by 50 per cent for the quarter under consideration.

For the whole financial year ending March 31, 2010, Whirlpool saw a total income of Rs 2,219.2 crore as against Rs 1,724.9 crore, for the same period last year. This means an increase of 28.6 per cent.