Whirlpool of India gains 10% on robust Q1 results

Posted By: Religare
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Shares of Whirlpool of India rose 10 per cent in early trade on Bombay Stock Exchange (BSE) after reporting 66 per cent year on year (yoy) jump in net profit at Rs 83 crore for the first quarter ended June 30, 2014 (Q1), on strong sales figures. The consumer electronics company had profit of Rs 50 crore in the April-June quarter of the previous fiscal.

Shares of the company rose as much as 10 per cent to trade at Rs 412.55 a piece on the BSE.

Similarly, shares of the company rose 9.35 per cent to Rs 412.90 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 26,040.03, up 121.08 points or 0.47 per cent at 11.15 hours.

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