 "United Spirits' net worth more than halves in 4 yrs")
Diageo controlled liquor maker United Spirits on Monday reported a consolidated net loss of Rs 246.6 crore for the first quarter ended June 30, mainly due to Covid-19 and subsequent lockdown.
The company had posted a net profit of Rs 181.7 crore in the April-June quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.
Its revenue from operations slipped 47.60 per cent to Rs 3,820.7 crore during the quarter under review, as against Rs 7,292.5 crore in the corresponding period previous fiscal.
"During the quarter, our business was severely impacted by Covid-19 led lockdown and the
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