<p>Consumer durable maker Whirlpool of India on Monday reported over two-fold jump in consolidated net profit to Rs 413.19 crore for the second quarter ended September 2021, helped by the acquisition of a majority stake in kitchen appliances maker Elica India.</p>.<p>The company had posted a net profit of Rs 134.67 crore during the corresponding quarter of the previous financial year, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing.</p>.<p><strong>Also read: <a href="www.deccanherald.com/business/technology/gadgets-weekly-samsung-dishwasher-amazon-firetv-stick-4k-max-and-more-1038641.html" target="_blank">Gadgets Weekly: Samsung dishwasher, Amazon FireTV Stick 4K Max and more</a></strong></p>.<p>However, its revenue from operations during July-September 2021 rose marginally to Rs 1,607.10 crore, compared with Rs 1,598.47 crore in the year-ago period.</p>.<p>Whirlpool of India Managing Director Vishal Bhola said, "Demand came back stronger in the mid and premium segment which was, however, impacted the most with supply-side volatility. Unprecedented cost and fuel inflation put pressure on our margins which were mitigated partially through cost-led price increases and productivity actions."</p>.<p>During the September 2021 quarter, Whirlpool of India had acquired an additional 38 per cent shareholding in Elica India for a consideration of Rs 424.8 crore, taking its total shareholding to 87 per cent.</p>.<p>"The acquisition resulted in a one-off gain of Rs 324 crore due to the fair valuation of existing assets," he said.</p>.<p>Whirlpool of India's total expenses during the quarter stood at Rs 1,516.25 crore, a jump of 14.70 per cent as against Rs 1,321.92 crore a year ago.</p>.<p>Shares of Whirlpool of India Ltd on Monday were trading at Rs 2,136.35 on the BSE, down 3.54 per cent from the previous close.</p>.<p><strong>Check out latest DH videos here:</strong></p>
<p>Consumer durable maker Whirlpool of India on Monday reported over two-fold jump in consolidated net profit to Rs 413.19 crore for the second quarter ended September 2021, helped by the acquisition of a majority stake in kitchen appliances maker Elica India.</p>.<p>The company had posted a net profit of Rs 134.67 crore during the corresponding quarter of the previous financial year, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing.</p>.<p><strong>Also read: <a href="www.deccanherald.com/business/technology/gadgets-weekly-samsung-dishwasher-amazon-firetv-stick-4k-max-and-more-1038641.html" target="_blank">Gadgets Weekly: Samsung dishwasher, Amazon FireTV Stick 4K Max and more</a></strong></p>.<p>However, its revenue from operations during July-September 2021 rose marginally to Rs 1,607.10 crore, compared with Rs 1,598.47 crore in the year-ago period.</p>.<p>Whirlpool of India Managing Director Vishal Bhola said, "Demand came back stronger in the mid and premium segment which was, however, impacted the most with supply-side volatility. Unprecedented cost and fuel inflation put pressure on our margins which were mitigated partially through cost-led price increases and productivity actions."</p>.<p>During the September 2021 quarter, Whirlpool of India had acquired an additional 38 per cent shareholding in Elica India for a consideration of Rs 424.8 crore, taking its total shareholding to 87 per cent.</p>.<p>"The acquisition resulted in a one-off gain of Rs 324 crore due to the fair valuation of existing assets," he said.</p>.<p>Whirlpool of India's total expenses during the quarter stood at Rs 1,516.25 crore, a jump of 14.70 per cent as against Rs 1,321.92 crore a year ago.</p>.<p>Shares of Whirlpool of India Ltd on Monday were trading at Rs 2,136.35 on the BSE, down 3.54 per cent from the previous close.</p>.<p><strong>Check out latest DH videos here:</strong></p>