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