Net profit of Whirlpool of India rose 8.83% to Rs 132.72 crore in the quarter ended June 2017 as against Rs 121.95 crore during the previous quarter ended June 2016. Sales rose 15.04% to Rs 1464.04 crore in the quarter ended June 2017 as against Rs 1272.67 crore during the previous quarter ended June 2016.

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The result was announced during market hours today, 7 August 2017.

Meanwhile, the S&P BSE Sensex was up 21.77 points, or 0.07% at 32,352.67.

High volumes were witnessed on the counter. On the BSE, 16,000 shares were traded on the counter so far as against the average daily volumes of 3,768 shares in the past one quarter. The stock had hit a high of Rs 1,242 and a low of Rs 1,160.10 so far during the day. The stock had hit a record high of Rs 1,289.55 on 29 March 2017 and a 52-week low of Rs 835.80 on 26 December 2016.

The stock had underperformed the market over the past one month till 4 Aug 2017, advancing 2.74% compared with the Sensex's 3.57% rise. The scrip had also underperformed the market over the past one quarter declining 3.92% as against the Sensex's 7.3% rise. The scrip had, however, outperformed the market over the past one year advancing 36.2% as against the Sensex's 16.64% rise.

The large-cap company has equity capital of Rs 126.87 crore. Face value per share is Rs 10.

Whirlpool of India is one of the leading manufacturers and marketers of major home appliances in the country.

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Whirlpool of India will hold a meeting of the Board of Directors of the Company on 7 August 2017, to consider and approve the un-audited quarterly financial results after limited review for the quarter ended 30 June 2017

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Whirlpool of India announced that the Board of Directors of the Company at its meeting held on 25 May 2017 by circular resolution have taken note of Arvind Uppal's decision to step down from employment of the Company with effect from 01 January 2018. He will however continue to be the Chairman and Non Executive Director thereafter.

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