United Spirits net slips 45 percent in Q3

Bengaluru, Jan 27 (IANS) Liquor major United Spirits Ltd (USL) has posted Rs.41 crore net profit for the third quarter (October-December) of this fiscal (2015-16), registering a whopping 45 percent decline from Rs.75 crore in the like period a year ago.

In a regulatory filing to the Bombay Stock Exchange on Wednesday, the city-based Indian subsidiary of British liquor major Diageo said income from sales, however, increased 20 percent to Rs.2,646 crore from Rs.2,200 crore in the same period a year ago.
The company’s scrip with Rs.10 face value ended at Rs.2,591.60, losing Rs.107 or 3.97 percent from Monday’s closing price of Rs.2,698.60 though it opened at Rs.2,720 for trade when trading began earlier in the day.