United Breweries declines on reporting 94% fall in Q4 consolidated net profit
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United Breweries is currently trading at Rs. 1394.50, down by 35.50 points or 2.48% from its previous closing of Rs. 1430.00 on the BSE.
The scrip opened at Rs. 1342.25 and has touched a high and low of Rs. 1419.00 and Rs. 1342.25 respectively. So far 30311 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1805.00 on 13-Dec-2022 and a 52 week low of Rs. 1,342.25 on 5-May-2023.
Last one week high and low of the scrip stood at Rs. 1494.95 and Rs. 1,342.25 respectively. The current market cap of the company is Rs. 36950.62 crore.
The promoters holding in the company stood at 72.71%, while Institutions and Non-Institutions held 22.01% and 5.28% respectively.
United Breweries has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 94.03% fall in its net profit at Rs 9.73 crore for the quarter under review as compared to Rs 162.96 crore for the same quarter in the previous year. However, total income of the company increased by 11.31% at Rs 4091.23 crore for Q4FY23 as compared to Rs 3675.38 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported fall of 93.97% in its net profit at Rs 9.87 crore for fourth quarter ended March 31, 2023 as compared to Rs 163.78 crore for the same quarter in the previous year. However, total income of the company increased by 11.29% at Rs 4092.80 crore for Q4FY23 as compared to Rs 3677.76 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 16.86% fall in its net profit at Rs 303.46 crore as compared to Rs 365.01 crore for the previous year. However, total income of the company increased by 26.96% at Rs 16692.15 crore for year under review as compared to Rs 13147.07 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 16.77% fall in its net profit at Rs 304.68 crore as compared to Rs 366.08 crore for the previous year. However, total income of the company increased by 26.96% at Rs 16700.52 crore for year under review as compared to Rs 13153.71 crore for year ended March 31, 2022.
