Whirlpool of India Q3 consolidated net profit down 38% to Rs 44 crore

Total expenses were at Rs 1,498.60 crore as against Rs 1,435.29 crore a year ago

Consumer durables maker Whirlpool of India Ltd on Thursday reported 38.1 per cent decline in consolidated net profit at Rs 44.19 crore for December quarter 2021-22 on account of lower demand and input cost inflation.

The company had posted a net profit of Rs 71.36 crore for the year-ago period, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing.

However, revenue from operations was up at Rs 1,541.95 crore during the quarter under review as against Rs 1,493.98 crore in the same period a year ago.

The profit was down "due to lower industry demand, unprecedented cost inflation and