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Consumer durables firm Whirlpool of India today reported two-fold increase in net profit to Rs 21.25 crore for its third quarter ended December 31, on account of higher growth in revenues.
The company had posted net profit of Rs 10.07 crore for the October-December quarter of 2012-13.
Net sales of the company in Q3, 2013-14 increased to Rs 647.15 crore, from Rs 598.33 crore for the same period of last financial year, Whirlpool said in a statement.
"This has been achieved against considerable odds, as softness in demand, volatility in currency and commodity inflation persisted in the quarter," said Arvind Uppal, Chairman and MD, Whirlpool of India Ltd.
"Our strong fiscal discipline and the new product launches on the anvil give us the confidence to look at the ensuing quarters with a sense of optimism," he said.
Whirlpool scrip closed at Rs 189, up 3.68%, on the BSE.
