Home appliances maker Whirlpool of India reported a 8.8 per cent increase in net profit at Rs 132.72 crore for the quarter ended June 30.
The company had posted a net profit of Rs 121.95 crore in the corresponding period last year.
Total income during the first quarter went up by 15.06 per cent to Rs 1,639.54 crore from Rs 1,424.85 crore in the year-ago period, Whirlpool of India said in a BSE filing.
The company said its board has also approved a proposed investment in notes, to be issued by Whirlpool SA Brazil (fellow subsidiary) amounting to up to USD 50 million (Rs 319 crore) subject to regulatory approvals.
Shares of Whirlpool of India were trading 3.07 per cent up at Rs 1,192 apiece on the BSE.