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United Spirits scrip jumps over 5% on smart Q1 results

GLASGOW, SCOTLAND - DECEMBER 25:  (EDITORS NOTE: This images was created using digital filter)  A dram of whiskey is held in front of the Christmas tree  on December 25, 2014 in Glasgow, Scotland. Millions of people across the UK spend time with family and loved ones on Christmas day, traditionally exchanging gifts and eating and drinking, whilst many also attend special church services.  (Photo by Jeff J Mitchell/Getty Images)
GLASGOW, SCOTLAND - DECEMBER 25: (EDITORS NOTE: This images was created using digital filter) A dram of whiskey is held in front of the Christmas tree on December 25, 2014 in Glasgow, Scotland. Millions of people across the UK spend time with family and loved ones on Christmas day, traditionally exchanging gifts and eating and drinking, whilst many also attend special church services. (Photo by Jeff J Mitchell/Getty Images)

Friday, 24,Mumbai : United Spirits’ stock on Friday went up by over 5% after the company reported a standalone net profit of Rs 19.92 crore for the first quarter.

The stock ended the day 5.45% higher at Rs 3,788.15 on the BSE. During the day, it surged 6.55% to Rs 3,828.

On the NSE, shares of USL jumped 5.57% to settle at Rs 3,789.

The company’s market valuation rose by Rs 2,846.33 crore to Rs 55,052.33 crore.

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% 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%.

PTI