Whirlpool of India shares jumped on Thursday after it recorded a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 67.37% to Rs 830 million from Rs 495.90 million in the same quarter previous year.
Net sales for the quarter rose 19.4% to Rs 10,522.4 million, compared with Rs 8,809 million for the prior year period.
The company is planning to introduce over 200 new models in 2014. It has already put into market a new range of air conditioners, refrigerators and washing machines.
Shares of the company are trading at Rs 412.55, up Rs 37.5, or 10% at the Bombay Stock Exchange (BSE) on Thursday at 3:13 p.m.
The scrip has touched an intra-day high of Rs 412.55 and low of Rs 384.90. The total volume of shares traded at the BSE is 90,541.