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United Spirits plunges on reporting 64% decline in Q3 net profit

23 Jan 2012 Evaluate

United Spirits is currently trading at Rs. 592.05, down by 33.40 points or 5.34% from its previous closing of Rs. 625.45 on the BSE.

The scrip opened at Rs. 605.00 and has touched a high and low of Rs. 605.00 and Rs. 580.00 respectively. So far 129350 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1307.00 on 21-Jan-2011 and a 52 week low of Rs. 450.00 on 12-Jan-2012.

Last one week high and low of the scrip stood at Rs. 675.80 and Rs. 580.00 respectively. The current market cap of the company is Rs. 7750.91 crore.

The promoters holding in the company stood at 28.01% while Institutions and Non-Institutions held 55.44% and 15.48% respectively.

United Spirits has reported a 63.79% fall in net profit of Rs 47.06 crore for the quarter ended December 31, 2011 as compared to Rs 129.96 crore for the same quarter in the previous year. Total income has decreased marginally by 1.83% from Rs 1,994.32 crore for Q3FY11 to Rs 1958.51 crore in the quarter under review.

The company’s net profit was dragged down by a cost increase in raw materials and higher duties in certain states. Prices of key raw material ENA was 15% higher in the quarter because of sanction given to certain states to export spirits, higher ethanol supplies to oil marketing companies at profitable prices to distillers and supply disruptions in states such as UP and Karnataka, the company said in a statement.

The figures for the quarter ended December 31, 2010 were after giving effect to the merger of Balaji Distilleries (post transfer of the brewery division undertaking to its wholly owned subsidiary CBPL) (Balaji) includes nine months results of Balaji and hence, are not comparable with current quarter ended December 31, 2011.

United Spirits is the largest spirits company in India and a flagship entity of $2 billion UB group. It manufactures wide range of whisky, vodka, rum and other spirits.

United Spirits Share Price

1303.00 48.35 (3.85%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
United Spirits 1303.00
United Breweries 1494.10
Radico Khaitan 3188.25
India Glycols 975.65
Allied Blenders 573.50
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