 "Whirlpool of India hits record high on robust Q1 results")
Whirlpool of India has surged 8% to Rs 405 after reporting 66% year on year (yoy) jump in net profit at Rs 83 crore for the first quarter ended on June 30, 2014 (Q1), on strong sales figures. The consumer electronics company had profit of Rs 50 crore in the April-June quarter of the previous fiscal.
Net sales grew by 19% to Rs 1,052 crore on yoy basis.
EBITDA or operating profit increased by 57% to Rs 130 crore during the quarter under review as against Rs 83 crore in the corresponding quarter of previous year. EBITDA margin improved 300 basis points to 12.7%.
The stock opened at Rs 402 and hit a record high of Rs 414 on NSE. A combined 299,921 shares changed hands on the counter so far on NSE and BSE.
Net sales grew by 19% to Rs 1,052 crore on yoy basis.
EBITDA or operating profit increased by 57% to Rs 130 crore during the quarter under review as against Rs 83 crore in the corresponding quarter of previous year. EBITDA margin improved 300 basis points to 12.7%.
The stock opened at Rs 402 and hit a record high of Rs 414 on NSE. A combined 299,921 shares changed hands on the counter so far on NSE and BSE.
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