United Spirits shines on reporting 83% rise in Q1 consolidated net profit
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United Spirits is currently trading at Rs. 1034.50, up by 59.10 points or 6.06% from its previous closing of Rs. 975.40 on the BSE.
The scrip opened at Rs. 1000.00 and has touched a high and low of Rs. 1043.95 and Rs. 975.20 respectively. So far 339696 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1043.95 on 21-Jul-2023 and a 52 week low of Rs. 730.90 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1043.95 and Rs. 941.60 respectively. The current market cap of the company is Rs. 75273.54 crore.
The promoters holding in the company stood at 56.68%, while Institutions and Non-Institutions held 28.56% and 14.77% respectively.
United Spirits has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 22.22% rise in its net profit at Rs 238.20 crore for the quarter under review as compared to Rs 194.90 crore for the same quarter in the previous year. However, total income of the company decreased by 23.07% at Rs 5333.40 crore for Q1FY24 as compared Rs 6932.40 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 82.57% rise in its net profit at Rs 476.70 crore for the quarter ended June 30, 2023 as compared to Rs 261.10 crore for the same quarter in the previous year. However, total income of the company decreased by 18.55% at Rs 5830.10 crore for Q1FY24 as compared Rs 7157.50 crore for the corresponding quarter previous year.
