Whirlpool of India reports net PAT of Rs 32.3cr for FY07-08 May 26, 2008
Posted by whirlpoolofindia in Whirlpool India.Tags: whirlpool of India
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Whirlpool of India, a subsidiary of Whirlpool Corporation, the World’s No. 1 Home Appliances Company, today reported a net Profit after Tax of Rs. 32.3 crores for the FY 2007-2008, recording a remarkable turnaround in its financial performance.
The company’s sales surpassed its tally of the previous year, even as the domestic home appliance industry remained sluggish on account of rising input costs and other factors. Whirlpool recorded a Sales turnover of Rs. 1933 Crores a growth of 21% over the previous year.
Announcing the annual results, Mr. Arvind Uppal, Managing Director India and Region Head Asia Pacific (excluding Greater China) Whirlpool said “I am pleased that we are back in the black. Our focus on sustainable profitable growth is definitely yielding positive results.”
Whirlpool of India is on an aggressive growth path and has set impressive targets for 2008. The company recently launched the revamped ‘Genius’ and ‘Fusion’ range of refrigerators, Whirlpool ‘Professional’ series of washing machines and refrigerators, Whirlpool ‘Mastermind’ air conditioners and Whirlpool ‘Max’ microwave ovens, further enhancing its already strong product portfolio. In 2008, the company will continue to strengthen its foothold in these four categories, and at the same time, focus on the two new categories it has ventured into, namely Water Purifiers and Built-in Appliances. Whirlpool ‘Purafresh’ Reverse Osmosis water purifiers have been recently launched by the company. All the newly launched products boast company’s patented 6th Sense technology connoting intuitive understanding of a woman’s need.
Reference – www.moneycontrol.com
