Whirlpool of India Sales Rise 14%, but Higher Costs Drag Quarterly Profit Down 40%
India, Nov. 10 -- The home appliances company has reported mixed numbers for the July to September quarter. While sales moved up on a yearly basis, earnings told a very different story, as rising input costs weighed on margins. A strong cash position, however, gives the business some comfort heading into the coming quarters.
The Nifty 50 closed at 25,044.65, up 0.23%, while the Sensex rose 0.13% to 81,106.65 on Monday. Following this, the shares of Whirlpool of India Ltd closed at Rs. 837.70, up 0.30 percent. The stock touched the intraday high of Rs. 858.00 after opening at Rs. 835.00 before slipping to a low of Rs. 815.60. The company commands a market capitalization of Rs. 10,628.05 crore.Whirlpool Reports Higher Sales but Lower Prof...
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