Whirlpool of India Ltd, a leading consumer durables manufacturer, witnessed a 22.07% decrease in consolidated net profit for the second quarter ending September 2023.
Decline in Net Profit
The company’s consolidated net profit dropped to Rs 38.20 crore compared to Rs 49.02 crore in the same period last year, as revealed in a regulatory filing.
Revenue and Total Expenses
Revenue from operations experienced a decline of 5.58%, totaling Rs 1,521.56 crore in the quarter, down from Rs 1,611.54 crore in the previous year. Concurrently, total expenses decreased by 4.06% to Rs 1,503.17 crore.
Overall Financial Performance
The total income for the September quarter stood at Rs 1,55,5.45 crore, marking a 4.8% decrease compared to the corresponding period.
Market Trading
Whirlpool of India’s shares were trading at Rs 1,597 apiece on the Bombay Stock Exchange (BSE).
The financial results reflect a challenging quarter for Whirlpool of India, with declines in net profit, revenue from operations, total expenses, and total income compared to the same period in the previous fiscal year.
