United Spirits slumps after poor Q3 earnings

United Spirits tumbled 7.65% to Rs 3,464 at 11:55 IST on BSE after net profit fell 8.8% to Rs 134.70 crore on 7.8% decline in net sales to Rs 2263.30 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 23 January 2018.

Meanwhile, the S&P BSE Sensex was up 29.17 points or 0.08% at 36,169.15.

On the BSE, 1.17 lakh shares were traded on the counter so far as against average daily volumes of 65,765 shares in the past one quarter. The stock had hit a high of Rs 3,630 and a low of Rs 3,424 so far during the day. The stock had hit a 52-week high of Rs 4,003.45 on 5 January 2018 and a 52-week low of Rs 1,831.25 on 18 April 2017.

 

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

United Spirits is a spirits company engaged in the business of manufacture and sale of alcoholic beverages.

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