United Spirits declines after announcing Q3 results

United Spirits fell 1% to Rs 3,487.45 at 10:15 IST on BSE after the company's net profit rose 21.39% to Rs 78.81 crore on 2.3% rise in net sales revenues to Rs 2318 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced on Saturday, 24 January 2015.

Meanwhile, the S&P BSE Sensex was up 88.58 points or 0.3% at 29,367.42.

On BSE, so far 20,459 shares were traded in the counter as against average daily volume of 31,963 shares in the past one quarter.

The stock hit a high of Rs 3,574 and low of Rs 3,470 so far during the day. The stock had hit a record high of Rs 3,587.35 on 23 January 2015. The stock had hit a 52-week low of Rs 2,226 on 5 September 2014.

The stock had outperformed the market over the past one month till 23 January 2015, gaining 26.55% compared with Sensex's 6.44% rise. The scrip had also outperformed the market in past one quarter, jumping 34.93% as against Sensex's 9.04% rise.

The large-cap alcoholic beverage making company has equity capital of Rs 145.33 crore. Face value per share is Rs 10.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7.2% to Rs 238 crore in Q3 December 2014 over Q3 December 2013. EBITDA for Q3 December 2014, at Rs 238 crore was at 10.4% of sales, up nearly 50 basis points from Q3 December 2013, which was at 9.9%. Volumes of United Spirits (India) dropped 1.8% to 30.92 million cases in Q3 December 2014 over Q3 December 2013.

During the quarter, the strategic end of the portfolio comprising the prestige and above brands were at 9.4 million cases out of an overall volume of 30.9 million cases, representing a 30% salience of the category of the total. The company is committed to its endeavour to keep pushing up this P&A range in its overall portfolio.

The prices of extra neutral alcohol (ENA)-the company's primary raw material were up over Rs 12 per case in Q3 December 2014 over Q3 Decemebr 2013.

Powered by Capital Market - Live News