Whirlpool India: Huge stocks,

better realisation push up

Whirlpool's yearly profit 71%

Whirlpool of India Ltd, the Indian subsidiary of the global appliances

major, has posted Rs 55.3 crore net profit due to better realisation from
its inventories in the quarter ended 31st March, 2015. During the
period, the companys net earnings surged 55% from Rs 36 crore same
period last year. In the quarter, Whirlpools net sales grew 18% to Rs
748 crore from Rs 637 crore on a year on year basis.

Commenting on the result, Arvind Uppal, Chairman, Whirlpool of India

Limited and President Asia Pacific, Whirlpool Corporation said, "We
delivered strong resultsin the fouth quarter driven by both top line
growth and moderation in input costs.
Whirlpool India Share Price - During 2014-15, Whirlpools net profit
surged 71% to Rs 211 crore from Rs 123 crore in the previous financial
year. On a yearly basis, the companys revenue grew 16% to Rs 3,167
crore from Rs 2,726 crore. In 2014-15, while Whirlpools raw material
costs shoot up by 20%, higher realisation from its inventory stocks from
the previous year helped the company keep its total expenses at a 13%
higher level.
Since the beginning the current financial year lower temperature across
the country has subdued the sales of home appliances. However",
Uppal seems optimistic. The impact of unseasonal weather conditions
is likely to moderate demand in semi-urban and rural areas, but we
remain optimistic that growth will accelerate in the second half of the
year, he said.
At the end of yesterday, the home appliances majors stocks surged
2.26% to Rs 734.4 in BSE. Bombay Stock exchanges benchmark 30share index grew 0.69% to 27,837.21 points at the closing of the day.

Article Source- Business Standard

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