United Breweries shares jump over 8 pc after Q1 earnings

Shares of United Breweries Ltd (UBL) today surged over 8 per cent after the company reported a 37 per cent jump in its standalone net profit for the quarter ended June 30.

The stock soared 8.31 per cent to settle at Rs 1,300 on the BSE. During the day, it surged 9.99 per cent to Rs 1,320.25 -- its 52-week high.

On the NSE, shares of the company zoomed 7.74 per cent to close at Rs 1,298.

In terms of equity volume, 2.54 lakh shares of the company changed hands on the BSE during the day and over 29 lakh shares were traded on the NSE.

United Breweries Ltd (UBL) on Friday reported a 37.08 per cent jump in its standalone net profit to Rs 221.92 crore for the quarter ended June 30, helped by double-digit volume growth.

The company had posted a net profit of Rs 161.89 crore in the corresponding period a year-ago.

Its total income during the quarter under review stood at Rs 4,173.18 crore, up 9.24 per cent, as against Rs 3,820.18 crore in the corresponding quarter of the previous fiscal, UBL said in a regulatory filing.