United Spirits stock fall over 6 pc post Q3 results

NewsDrum Desk
25 Jan 2023

New Delhi, Jan 25 (PTI) Shares of United Spirits Ltd ended more than 6 per cent on Wednesday after the company posted a decline in net profit for the December quarter.

The stock of the liquor maker plunged 6.21 per cent to settle at Rs 766 apiece on the NSE.

On the BSE, it tanked 5.91 per cent to end at Rs 768.75 per share.

In a regulatory filing on Tuesday, Diageo-controlled liquor maker United Spirits said its consolidated net profit declined 27 per cent to Rs 214 crore in the third quarter ended December 31, 2022.

The company had reported a net profit of Rs 295 crore in the October-December period last fiscal year.

Total income declined to Rs 6,631 crore in the period under review as against Rs 8,917 crore in the year-ago quarter, it said. PTI HG SHW

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