United Spirits slumps after poor Q3 earnings

Capital Market 

tumbled 7.65% to Rs 3,464 at 11:55 IST on 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 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.

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

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 24 2018. 11:51 IST