You are here: Home » Companies » Results
Business Standard

Whirlpool profit after tax climbs 62% in June quarter on low base

The firm's operating revenue rose 30.5 per cent over the same quarter last year to Rs 1,341 crore

Topics
Whirlpool India | WHIRLPOOL | Q1 results

Arnab Dutta  |  New Delhi 

Whirlpool
The top-line growth came on low bases because of a nationwide lockdown in the June quarter last year

Home appliances major of India, on Tuesday, reported a 62 per cent rise in its profit after tax (PAT) during the April-June quarter. Its net profit for the quarter stood at Rs 25.5 crore -- up from Rs 15.8 crore in the year-ago period.

The firm’s operating revenue rose 30.5 per cent over the same quarter last year to Rs 1,341 crore. The top-line growth came on low bases because of a nationwide lockdown in the June quarter last year.

Against its pre-Covid performance, the operating revenue was 32 per cent lower than Rs 1,974 crore it had posted in the June 2019 quarter. Its net profit grew both over the June 2019 and 2020 quarters because of a major change in its inventories of finished goods, work-in-progress, and stock-in-trade.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 11 2021. 01:03 IST
RECOMMENDED FOR YOU
.