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Whirlpool of India third quarter profit falls 6.70% to Rs 71.36 crore

The firm was hit by a sharp increase in input costs

Whirlpool India | Q3 results | Consumer Durables

Press Trust of India  |  New Delhi 

Whirlpool aims to double sales by 2020
Whirlpool | Representational image

maker Whirlpool of India Ltd on Thursday reported a 6.70 per cent fall in its consolidated profit at Rs 71.36 crore for the quarter ended December on account of sharp increase in input costs.

The company had posted a profit of Rs 76.49 crore in the October-December quarter a year ago.

Its total income was up 16.14 per cent at Rs 1,522.34 crore during the quarter under review, as against Rs 1,310.69 crore in the corresponding quarter last fiscal, Whirlpool of India said in a regulatory filing.

Whirlpool of India reported a 52.92 per cent jump in cost of raw material and components consumed in the third quarter of the current fiscal at Rs 910.82 crore, as against Rs 595.59 crore in the same period a year ago.

Shares of Whirlpool of India were trading 4.51 per cent lower at Rs 2,462.20 apiece on BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, February 04 2021. 15:18 IST