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United Spirits Shares Jump About 18% On Strong Earnings
Shares of United Spirits today soared nearly 18 per cent after the company reported an 85.57 per cent increase in net profit for the quarter ending September 30.
Shares of United Spirits today soared nearly 18 per cent after the company reported an 85.57 per cent increase in net profit for the quarter ending September 30.
The stock jumped 17.64 per cent to close at Rs. 3,029.40 on BSE. During the day, it zoomed 23.28 per cent to Rs. 3,175 -- its 52-week high.
At NSE, shares of the company surged 17.52 per cent to end at Rs. 3,025.75.
In terms of equity volume, 7.39 lakh shares of the company were traded on BSE and over 60 lakh shares changed hands at NSE during the day.
Liquor major United Spirits yesterday reported an 85.57 per cent increase in its net profit at Rs. 153.1 crore for the quarter ended September 30, helped by lower interest costs and exceptional items.
The company had posted a net profit of Rs. 82.5 crore in the same period last fiscal, the firm said in a regulatory filing. Net sales during the quarter under review grew Rs. 6,214.6 crore as against Rs. 6,017.3 crore in the year-ago period, up 3.27 per cent.
