Moneycontrol
you are here: HomeNewsBusiness
Last Updated : Jan 24, 2018 02:12 PM IST | Source: PTI

United Spirits Q3 net profit slips 9% to Rs 135 crore

The company had posted a net profit of Rs 147.7 crore in the October-December period last fiscal, Diageo-controlled firm said in a regulatory filing.

Liquor major United Spirits today reported a decline of 8.80 percent in its standalone net profit to Rs 134.7 crore for the third quarter ended December 31, mainly due to market changes in certain states.

The company had posted a net profit of Rs 147.7 crore in the October-December period last fiscal, Diageo-controlled firm said in a regulatory filing.

Its total income during the quarter under review was at Rs 7,160.9 crore, up 1.17 percent, as against Rs 7,077.8 crore in corresponding quarter previous fiscal.

"Profit after tax (stood at) Rs 135 crore, down 9 percent, including an exceptional charge of Rs 13 crore relating to supply footprint rationalisation," the company said in a statement.

United Spirits' total expenses in the third quarter were up 1.34 percent at Rs 6,964.5 crore as against Rs 6,872.1 crore in the same period last fiscal.

"Our net sales performance was adversely impacted in this quarter by the expected route to market changes in certain states, and to a lesser extent, by the residual effects of the highway ban," United Spirits CEO Anand Kripalu said.

Shares of United Spirits today settled at Rs 3,750.75 apiece on BSE, down 0.79 percent from previous close.
First Published on Jan 23, 2018 09:05 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant