Liquor major United Spirits Ltd (USL) has posted Rs.41 crore net profit for the third quarter (October-December) of this fiscal (2015-16), registering a whopping 45 percent decline from Rs.75 crore in the like period a year ago.
In a regulatory filing to the Bombay Stock Exchange on Wednesday, the city-based Indian subsidiary of British liquor major Diageo said income from sales, however, increased 20 percent to Rs.2,646 crore from Rs.2,200 crore in the same period a year ago.
The company's scrip with Rs.10 face value ended at Rs.2,591.60, losing Rs.107 or 3.97 percent from Monday's closing price of Rs.2,698.60 though it opened at Rs.2,720 for trade when trading began earlier in the day.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app