United Spirits scrip jumps over 5% on smart Q1 results

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Published: July 24, 2015 11:50:36 PM

United Spirits' stock today went up by over 5 per cent after the company reported a standalone net profit of Rs 19.92 crore for the first quarter.

United Spirits’ stock today went up by over 5 per cent after the company reported a standalone net profit of Rs 19.92 crore for the first quarter.

The stock ended the day 5.45 per cent higher at Rs 3,788.15 on the BSE. During the day, it surged 6.55 per cent to Rs 3,828.

On the NSE, shares of USL jumped 5.57 per cent to settle at Rs 3,789.

The company’s market valuation rose by Rs 2,846.33 crore to Rs 55,052.33 crore.

Diageo-controlled United Spirits yesterday reported a standalone net profit of Rs 19.92 crore for the first quarter ended June on the back of higher sales.

The company had incurred a net loss of Rs 61.83 crore in the year-ago quarter, USL had said in a BSE filing.

USL’s total income on standalone basis rose 11.75 per cent to Rs 2,005.54 crore during the quarter under review, from Rs 1,794.60 crore a year earlier.

Unit volume sales during the June quarter stood at 27.3 million cases as against 27.2 million, up 2.48 per cent.

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