Whirlpool shares at 52-week high on smart Q1 earnings

MUMBAI: Shares of home appliances maker Whirlpool India today shot up more than 12 per cent to a one-year high, gaining for the third day in a row following a 26.44 per cent increase in the company's net profit in the quarter ended June 30.

The Whirlpool scrip was up 12.36 per cent to a 52-week high of Rs 264 on the BSE.

On the NSE, the scrip shot up by 11.54 per cent to one- year high of Rs 263.80.

Whirlpool had on Monday reported 26.44 per cent increase in net profit for the April-June quarter at Rs 64.55 crore on account of better sales across all segments.

The company had posted a net profit of Rs 51.05 crore in the corresponding period last year.

The net income during the first quarter also went up by 9.80 per cent to Rs 893.94 crore from Rs 814.13 crore in the year-ago period.