United Spirits has dropped over 1% to Rs 2,375 on the BSE after posting weak Q4 March 2014 results.
United Spirits reported a net loss of Rs 5380 crore in Q4 March 2014 compared with net profit of Rs 56 crore in the same quarter previous year. Total income from operations jumped nearly 4% to Rs 1943 crore in Q4 March 2014 over Q4 March 2013.
The company posted a net loss of Rs 5103 crore for the year ended 31 March 2014 (FY 2014) as compared with net profit of Rs 321 crore in the year ended 31 March 2013 (FY 2013). Total income from operations jumped nearly 2% to Rs 8517 crore in FY 2014 over FY 2013.
On consolidated basis, the company reported a net loss of Rs 4489 crore in FY 2014 which is higher than net loss of Rs 101 crore in FY 2013. Total income from operations surged over 1% to Rs 10615 crore in FY 2014 over FY 2013.
United Spirits is the largest alcohol beverage company in India.
Shares of United Spirits opened at Rs 2326, touched a high of Rs 2437 and a low of Rs 2310 on the BSE. A total of 49,323 shares have exchanged hands on the BSE so far.
