Whirlpool of India Friday reported a 13.91 per cent increase in profit at ₹104.1 crore for the fourth quarter ended March 31, 2019.
The company recorded a profit of ₹91.38 crore in the year-ago quarter. Total income from operations during the quarter under review stood at ₹1,380.5 crore, up 7.6 per cent from ₹1,282.42 crore in the year-ago period, Whirpool of India said in a BSE filing.
In spite of a delayed summer and some consumer uncertainty, Whirlpool delivered another strong quarter with healthy growth on top line, margins, bottom line and market share. This strong cadence of product launches backed by ramped up execution was the key to deliver the quarter, says Sunil D’Souza, MD, Whirlpool of India.
Given the current global context, one does see the possibility of headwinds building up in some key commodities. But, with strong product plans in place, one can remain confident of delivering strong results ahead, he added.
The company’s board has approved a final dividend of ₹5 per equity share for 2018-19. Shares of Whirlpool of India settled 1.09 per cent lower at₹1,378.85 apiece on the BSE.
