Whirlpool India Q2 Earnings Disappoint As Net Profit Drops 40% Despite Double-Digit Revenue Growth
· Free Press Journal
New Delhi, Nov 9: Consumer durables maker Whirlpool of India Ltd on Monday reported a 40 per cent decline in consolidated net profit to Rs 25.08 crore in the September quarter of FY27.
The company earned a net profit of Rs 41.80 crore in the July-September quarter of the previous fiscal, according to a regulatory filing by Whirlpool of India, a subsidiary of US-based Whirlpool Corporation.
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Revenue Rises Despite Profit Decline
Its revenue from operations increased 13.7 per cent to Rs 1,873.12 crore in the September quarter. It was Rs 1,647.27 crore a year ago.
Veritas Finance Gets Sebi Approval For ₹900 Crore Fresh Issue, Upto 1.28 Crore Shares In IPOWhirlpool of India’s total expenses climbed 15 per cent to Rs 1,896.66 crore in the September quarter.
Its total income, which includes other income, rose 13.77 per cent to Rs 1,930.96 crore in the second quarter.
First Half Revenue And Share Performance
In the first half of FY27, Whirlpool of India's total consolidated revenue grew 13 per cent to Rs 1,930.96 crore.
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Shares of Whirlpool of India Ltd on Monday settled at Rs 838.05 apiece on BSE, up 0.35 per cent from the previous close.
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