Radico Khaitan shares jump 5% on robust Q1 show

Shares of liquor firm Radico Khaitan today gained 5 per cent after it reported 84.46 per cent jump in standalone net profit for the first quarter of the current fiscal.

The stock soared 5 per cent to close at Rs 380.45 -- its upper circuit limit -- on BSE.

At NSE, shares of the climbed 4.99 per cent to settle at Rs 381.35 -- its upper circuit limit.

Radico Khaitan today reported 84.46 per cent jump in standalone net profit to Rs 47.37 crore for the first quarter of the current fiscal.

It had a net profit of Rs 25.68 crore in the first quarter of last fiscal, 2017-18.

 

The company's total income from operations stood at Rs 2,118.01 crore during the April-June quarter of 2018-19. It was Rs 1,380.72 crore in the year-ago period, Radico Khaitan said in a regulatory filing to BSE.

It said that revenue from operations for the quarter under review is not comparable to the year-ago period due to restructuring of indirect taxes following the roll-out of GST from July 1, 2017.