Whirlpool of India will hold a meeting of the Board of Directors of the Company on 7 February 2020.

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The Board of Whirlpool of India at its meeting held on 16 December 2019 has approved the resignation of Sunil D'Souza, Managing Director of the Company with effect from 03 April 2020. The Board has appointed Vishal Bhola to succeed as Managing Director of the Company from 01 January 2020.

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Whirlpool of India Ltd fell 1.16% today to trade at Rs 2261.25. The S&P BSE Consumer Durables index is down 0.12% to quote at 25244.38. The index is down 3.16 % over last one month. Among the other constituents of the index, Titan Company Ltd decreased 0.38% and V I P Industries Ltd lost 0.15% on the day. The S&P BSE Consumer Durables index went up 25.74 % over last one year compared to the 14.9% surge in benchmark SENSEX.

Whirlpool of India Ltd has added 5.98% over last one month compared to 3.16% fall in S&P BSE Consumer Durables index and 4.96% rise in the SENSEX. On the BSE, 1522 shares were traded in the counter so far compared with average daily volumes of 5642 shares in the past one month. The stock hit a record high of Rs 2325.8 on 14 Nov 2019. The stock hit a 52-week low of Rs 1275 on 26 Dec 2018.

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Net profit of Whirlpool of India rose 63.82% to Rs 128.70 crore in the quarter ended September 2019 as against Rs 78.56 crore during the previous quarter ended September 2018. Sales rose 17.94% to Rs 1393.46 crore in the quarter ended September 2019 as against Rs 1181.50 crore during the previous quarter ended September 2018.

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