Comments
Shares of liquor major United Spirits today surged nearly 8 per cent after the company posted a net profit of Rs 929.3 crore for the second quarter ended September.
The stock climbed 7.68 per cent to Rs 3,499.90 on BSE and currently trading at Rs 3,435.30 up 5.70 per cent.
On NSE, the company surged 7.58 per cent to Rs 3,499 and quoting at Rs 3,434.40 up 5.60 per cent.
United Spirits yesterday posted a net profit of Rs 929.3 crore for the second quarter ended September 30, 2015, on the back of Rs 870 crore share sale in United Breweries.
The company had reported a net loss of Rs 26.9 crore for the same period of the previous fiscal.
Net sales of the company rose to Rs 2,122.17 crore during the September quarter, from Rs 2,007.8 crore a year ago, United Spirits had said in a filing to BSE.
For the six months ended September, the company posted a net profit of Rs 949.22 crore compared with a net loss of Rs 85.86 crore in the same period last fiscal.
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.