Comments
Spirits major United Spirits today reported a standalone net loss of Rs 27.83 crore for the quarter ended September 30, impacted mainly by rise in input cost and exceptional items.
The company had posted a net profit of Rs 94.27 crore for the corresponding period of the previous fiscal, United Spirits said in a filing to BSE.
Standalone total income from operations stood at Rs 2,178.58 crore for the quarter under review as against Rs 2,011.54 crore for the same period year ago.
“Cost of the primary ingredient, viz. Extra Neutral Alcohol (ENA) was up nearly 13 per cent over the same quarter of the previous year, an adverse impact of Rs 37 crore,” United Spirits said.
The company further said during the period under review it had higher expenses under exceptional items —— a provision of Rs 63.03 crore related to sale of Whyte & Mackay and a loss of Rs 10.81 crore in the divestment of promoters shareholding in Pioneer Distilleries to comply with SEBI regulations.
Shares of United Spirits today closed at Rs 2,720.30 per scrip on BSE, up 0.81 per cent from their previous close.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.