United Breweries at record high post Q2 results
Operating profit for the second quarter increased by 53% at Rs 112 crore over the corresponding quarter of previous year
United Breweries is trading higher by 4% at Rs 820, also its record high, after reporting a healthy 75% year-on-year growth in net profit at Rs 34 crore for the quarter ended September 2012. Total income from operations grew 18% at Rs 873 crore on y-o-y basis.
“EBITDA or operating profit for the second quarter increased by 53% at Rs 112 crore over the corresponding quarter of previous year,” United Breweries said in a filing.
The company has achieved good results in containing costs increases by reducing bottle costs through patented bottle system. This has helped to offset in the increase in the prices of other input materials, it added.
The stock opened at Rs 815 and hit a low of Rs 795 on the BSE. A combined 273,503 shares have changed hands on the counter in morning trades on both the exchanges.