United Breweries tanks on reporting 83% fall in Q4 net profit

United Breweries is currently trading at Rs. 470.00, down by 4.20 points or 0.89% from its previous closing of Rs. 474.20 on the BSE.

The scrip opened at Rs. 475.10 and has touched a high and low of Rs. 479.50 and Rs. 466.05 respectively. So far 6529 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 644.00 on 13-Mar-2012 and a 52 week low of Rs. 339.50 on 11-Jan-2012.

Last one week high and low of the scrip stood at Rs. 489.00 and Rs. 458.00 respectively. The current market cap of the company is Rs. 12382.09 crore.

The promoters holding in the company stood at 74.82% while Institutions and Non-Institutions held 18.21% and 6.97% respectively.

United Breweries has reported 83% fall in its net profit to Rs 7 crore for the fourth quarter ended March 31, 2012 as compared to Rs 40 crore for the same period of previous fiscal. The company’s net sales, however, rose 13.69% to Rs 955 crore for the fourth quarter ended March 31, 2012, against Rs 840 crore during the same period of previous fiscal.

For the year ended March 31, 2012, the company posted a fall of 14.29% in its net profit of Rs 126 crore compared to Rs 147 crore in 2010-11. However, the company’s net sales for the year ended March 31, 2012, rose 18.56% to Rs 3,628 crore against Rs 3,060 crore during the previous financial year.