Saturday, May 18, 2024 | Last Update : 10:29 PM IST
Whirlpool reports increase in net profit in fourth quarter
The company reported a 7.36 per cent increase in net profit at Rs 74.38 crore.
New Delhi: Home appliances maker Whirlpool of India today reported a 7.36 per cent increase in net profit at Rs 74.38 crore for the fourth quarter ended March 31, 2017.
The company had posted a net profit of Rs 69.28 crore in the same period previous fiscal, Whirlpool of India said in a BSE filing. Total income during the quarter under review stood at Rs 1,131.1 crore, as against Rs 949.96 crore in the year-ago period, up 19 per cent.
For the fiscal ended March 31, the company said its net profit was at Rs 310.49, as compared to Rs 240.02 crore in the previous fiscal, up 29.36 per cent. Total income for the FY17 stood at Rs 4,433.37 crore as against Rs 3,862.97 crore in FY16, a growth of 14.77 per cent.
The board of directors has recommended a final dividend of Rs 3 per equity share of face value Rs 10 aggregating a total outgo of Rs 45.82 crore, including dividend tax, the company said. Shares of Whirlpool of India ended the day at Rs 1,192.65 apiece, down 2.69 per cent from the previous close on the BSE.
