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Whirlpool surges nearly 3% on strong Q4 results

By Religare
|

Shares of Whirlpool of India Ltd rose nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) after it reported a 55.47 per cent increase in standalone net profit at Rs.55.27 crore for the fourth quarter of 2014-15 fiscal ended 31 March 2015. The company had posted a net profit of Rs.35.55 crore during the same period in the previous fiscal. Net sales went up by 17.51 per cent to Rs.748.18 crore during the quarter under review, compared with Rs.636.68 crore in the fourth quarter of the last fiscal, the company said in a filing to BSE.

 

Reacting to the news, shares of the company gained as much as 2.99 per cent to Rs 756.35 a piece on BSE.

In a similar trend, shares of the company surged as much as 2.76 per cent to Rs 756.50 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,772.56, down 64.65 points, or 0.23 per cent at 11.05 hours.

Story first published: Thursday, May 21, 2015, 12:40 [IST]
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