Whirlpool of India reported a 8.8 percent increase in net profit at Rs. 132.72 crore for the quarter ended June 30. The company had posted a net profit of Rs. 121.95 crore in the corresponding period last year. Total income during the first quarter went up by 15.06 percent to Rs. 1639.54 crore from Rs. 1424.85 crore in the year-ago period. The company said its board has also approved a proposed investment in notes, to be issued by Whirlpool SA Brazil (fellow subsidiary) amounting to upto USD 50 million (Rs 319 crore) subject to regulatory approvals. – The Hindu Business Line


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