United Spirits shares jump on smart Q1 results

USL went up by over 5% today after the company reported a standalone net profit of Rs 19.92 cr for the first quarter.

United Spirits shares jump on smart Q1 results
MUMBAI: Stocks of United Spirits went up by over 5 per cent today after the company reported a standalone net profit of Rs 19.92 crore for the first quarter. The stock ended the day at Rs 3,788.15; up 5.45%, on the BSE.

The 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. PTI SUM ABK 07241310 NNNN

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