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United Spirits Q4 net profit dips 14.57%

Malini Ranade 28 April 2009

United Spirits, the largest spirit and liquor company in India, has registered decline of 14.57 per cent in its net profit to Rs 55.62 crore in the fourth quarter ended March 31, 2009.

The company registered a net profit of Rs 65.11 crore in the same quarter ended March 31, 2008.

However, the total income of the company has surged to Rs 922.90 crore for the quarter under review, as against Rs 765.46 crore in the same quarter last fiscal.

For the year ended March 31, 2009, the company has posted a net profit of Rs 297.23 crore against Rs 311.28 crore last fiscal, down 4.51 per cent.

Shares of United Spirits were trading at Rs 715.50, down 3.25 per cent on the BSE. The scrip has touched an intraday high and low of Rs 754 an Rs 706 respectively.

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