USL stock jumps over 6 pc on robust profit

Shares of United Spirits Ltd soared over 6 per cent today after the company reported close to four-fold jump in standalone net profit for the December quarter.
The stock jumped 6.02 per cent to end at Rs 2,203.10 on BSE. During the day, it climbed 6.83 per cent to Rs 2,220.
On NSE, it surged 6.45 per cent to close at Rs 2,211.90.
Following an uptick in the counter, the company's market valuation rose by Rs 1,818.06 crore to Rs 32,017.16 crore.
On the volume front, 2.38 lakh shares of the company were traded on BSE and over 18.46 lakh shares changed hands on NSE during the day.

In a regulatory filing on Saturday, USL reported close to four-fold jump in its standalone net profit at Rs 147.70 crore for the third quarter of the current fiscal. The company had reported a net profit of Rs 37.23 crore for the October- December period of last fiscal.
USL's total income from operations grew 6.16 per cent to Rs 7,082.22 crore during the quarter under review as against Rs 6,670.72 crore the same period a year ago.
"We have delivered a strong net sales growth of 6 per cent despite the subdued economic environment in the third quarter due to demonetisation... We have been able to manage through this period better than our initial expectations," USL CEO Anand Kripalu had said.