United Spirits falls in volatile trade after declaring Q4 result

United Spirits fell 1.93% to Rs 3,547.30 at 11:47 IST on BSE after the company reported net loss of Rs 1799.28 crore in Q4 March 2015, lower than net loss of Rs 5380.10 crore in Q4 March 2014.

The result was announced after market hours yesterday, 26 May 2015.

Meanwhile, the S&P BSE Sensex was down 54.10 points or 0.2% at 27,477.31

On BSE, so far 39,900 shares were traded in the counter as against average daily volume of 79,786 shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 3,658 and low of Rs 3,501.40 so far during the day. The stock had hit a record high of Rs 4,080 on 5 March 2015. The stock had hit a 52-week low of Rs 2,226 on 5 September 2014.

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

United Spirits' total income rose 10.95% to Rs 2125.68 crore in Q4 March 2015 over Q4 March 2014.

Meanwhile, the company's board of directors at its meeting held yesterday, 26 May 2015 did not recommend any dividend on the equity shares of the company for the year ended 31 March 2015 (FY 2015) due to losses reported by the company for FY 2015.

United Spirits is now controlled by world's largest spirits maker Diageo Plc. which had bought a controlling stake in the company from promoter Vijay Mallya in July 2013.

United Spirits produces alcohol beverages.

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