United Spirits jumped 5.73% to Rs 3,301 at 09:35 IST on BSE after the company reported net profit of Rs 211 crore in Q4 March 2018 as compared with net loss of Rs 104.20 crore in Q4 March 2017.
Meanwhile, the S&P BSE Sensex was up 149.99 points or 0.43% at 34,813.10.
On the BSE, 24,000 shares were traded on the counter so far as against average daily volumes of 20,000 shares in the past two weeks. The stock had hit a high of Rs 3,337.45 and a low of Rs 3,186.25 so far during the day. The stock had hit a 52-week high of Rs 4,003.45 on 5 January 2018 and a 52-week low of Rs 1,969.05 on 24 May 2017.
The large-cap company has equity capital of Rs 145.33 crore. Face value per share is Rs 10.
Total income rose 13.99% to Rs 2422.80 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 24 May 2018.
Reported earnings before interest, taxation, depreciation and amortization (EBITDA) was Rs 274 crore, up 5%, driven by increased gross profit, partially offset by timing of staff costs and increased marketing investment. Reported EBITDA margin was 12.6%, down 27 basis points. Interest costs were Rs 59 crores, 31% lower driven by favourable rates and mix of debt.
Anand Kripalu, CEO, said the company has overcome some of the biggest challenges the spirits industry has ever faced including the highway ban and the introduction of GST.
United Spirits is engaged in the business of manufacture, purchase and sale of beverage alcohol (spirits and wines), including through tie-up manufacturing and through strategic franchising of some of its brands.
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