The company had posted a net profit of Rs 31.54 crore during the same quarter in the year-ago period, Whirlpool of India said in a regulatory filing.
Its net sales on standalone basis rose 39.15 per cent during the third quarter to Rs 762.88 crore as against Rs 689.99 crore in the corresponding period of the last fiscal.
"Higher sales fuelled by festival demand and better cost productivity contributed to the quarter's results. The company continues to remain debt free and cash positive with a surplus of Rs 794 crore," the company said.
During the quarter, finished goods, spare parts and fixed assets worth Rs 14.91 crore lying at its warehouse in Chennai got destroyed on account of floods, the company said.
"The inventory and fixed assets were fully insured and the management expects that the loss is recoverable from the insurer net-off of estimated deduction of Rs 52 lakh as per the insurance terms which has been shown as an extraordinary item in the accompanying results," it said.