Whirlpool of Ind Q1 net profit jumps 41.71% at Rs 23.34 cr
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The company reported standalone net profit of Rs 23.34 crore for the quarter ended June 30, 2021 as compared to Rs 16.47 crore in the same period last year, registering a year-on-year growth of 41.71 per cent. Net revenue of the company rose substantially by 30.53 per cent at Rs 1,340.61 crore in April-June quarter of this fiscal as against Rs 1,027.05 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 31.08 per cent to Rs 1,285.14 crore from Rs 980.41 crore in year ago period. Other Income dipped by 1.34 per cent at Rs 14.00 crore versus (Jun'20 Rs 14.19 crore).
Operating Profit surged by 18.93 per cent to Rs 55.47 crore as against Rs 46.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.81 per cent in June quarter. Interest declined by 50.00 per cent y-o-y to Rs 3.68 crore, while Taxation increased by 8.09 per cent at Rs 9.35 crore (Jun'20 Rs 8.65 crore).
