This week is crucial for shareholders as well as bankers who lent loans to Mallya group companies. Amidst expectation, Kingfisher Airlines (August 9) and United Breweries (August 7) are coming out with their June quarter numbers. In the backdrop of strong performances by airline majors Jet Airways and SpiceJet for the June quarters, marketmen seem to have no such big hopes on Kingfisher, which faced several strikes by employees during the quarter. The stock has been trying to find its bottom at the bourses, as each passing day it has been registering its life-time low. On Friday too, after registering a low of Rs 8.90 on the NSE, the stock closed at Rs 9.10. It reported a loss of Rs 2,238.01 crore for the full-year ended March 31, 2012 on a revenue of Rs 5,493.41 crore. The flagship company United Breweries also reported a decline in net profit due to increased input prices and a one-time cost. For 2011-12, it reported a profit of Rs 126.40 crore and sales of Rs 3,627.69 crore.
Will Kingfisher, UB take off post results?
August 5, 2012: