Whirlpool of India has surged 5.4% to Rs 273 in otherwise subdued market after reporting a 44% year on year (yoy) increase in net profit at Rs 35.55 crore for the fourth quarter ended March 31, 2014 (Q4FY14) on account of higher other income. The consumer durables firm had profit of Rs 24.75 crore in the same quarter year ago.
Net sales grew by 5.60% yoy to Rs 637 crore during the quarter under review, Whirlpool said in a filing to the BSE.
Income from other sources however, more than doubled to Rs 8.32 crore in the fourth quarter of the last fiscal compared with Rs 3.92 crore in the same period of the previous year.
The stock opened at Rs 263 and hit a high of Rs 284, its highest level since January 2013 on NSE. A combined 133,204 shares changed hands on the counter in early noon deals on the NSE and BSE.
Net sales grew by 5.60% yoy to Rs 637 crore during the quarter under review, Whirlpool said in a filing to the BSE.
Income from other sources however, more than doubled to Rs 8.32 crore in the fourth quarter of the last fiscal compared with Rs 3.92 crore in the same period of the previous year.
The stock opened at Rs 263 and hit a high of Rs 284, its highest level since January 2013 on NSE. A combined 133,204 shares changed hands on the counter in early noon deals on the NSE and BSE.
