United Spirits down 3.5% on Q4 net loss

Shares of liquor firm United Spirits Ltd (USL) today fell by 3.5 per cent after the company reported a standalone net loss of Rs 1,799.28 crore for the three months ended March 2015.
The stock settled at Rs 3,509.05, down 2.98 per cent on the BSE. During the day, it slipped 3.78 per cent to Rs 3,480.
On the NSE, shares of the company ended with a loss of 3.54 per cent at Rs 3,500.60.
United Spirits today reported a standalone net loss of Rs 1,799.28 crore for the three months ended March 2015 on account of increasing debt and liabilities.

The company had run up a net loss of Rs 5,380.10 crore in the same period of the previous fiscal, USL said in a filing to the BSE.
However, total income of the company on standalone basis rose 5.55 per cent to Rs 2,051.25 crore during the quarter under review, from Rs 1,943.34 crore in the year-ago period.
During 2014-15, USL reduced the gap of its consolidated net loss to Rs 1,687.71 crore as against a net loss of Rs 4,489.08 crore a year earlier.