Vijay Mallya-led liquor firm United Spirits Ltd profits have grown five-fold (459.44 per cent) to Rs 56 crore for the fourth quarter of the financial year 2012-13 compared with Rs 10.01 crore recorded last financial year (2011-12).

The company’s total income from operations is also 11.30 per cent higher to Rs 2,094.43 crore compared with the same period last year. EPS stood at Rs 4.28 against 77 paise recorded last year.

According to Ashok Capoor, Managing Director, “During the Q4, the strategic brands of the company grew 30 per cent and added 1.7 million cases. The entire portfolio grew four per cent during the quarter.” “The company in Q4 was successful in obtaining revenue enhancing opportunities in Andhra Pradesh and Karnataka – these have been capitalised on and successfully implemented enhancing profitability,” he added.

Spirit costs for the year are up by Rs 3.4 per litre or Rs 13.6 per case; for the quarter, they are up Rs 7.9 per case (nearly Rs 2 per litre). The adverse impact of this is over Rs 160 crore for the fiscal and Rs 25 crore for Q4 alone.

Despite the output of the crushing season coming into the market in Q4, ENA costs did not come off their high during Q4 and were down only marginally at the end of the year.

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