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Shares of United Spirits fell 4 percent after Q3 results

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Shares of United Spirits fell more than 4 percent in morning trading Wednesday after the company reported a decline in net profit for the December quarter.

The stock was down 4.31 percent at Rs 781.75 in early trade on BSE.

It fell 4.35 percent to Rs 781.15 on the NSE.

Diageo-controlled spirits maker United Spirits said in a regulatory filing on Tuesday that its consolidated net profit fell 27 percent to Rs 214 crore in the third quarter ended December 31, 2022.

The company reported a net profit of Rs 295 crore for the October-December period last fiscal.

Total income fell to Rs 6,631 crore in the period under review from Rs 8,917 crore in the year-ago quarter, the company said.

For the nine months ended December 31, 2022, the Bengaluru-based company reported a net profit of Rs 1,023 crore compared to Rs 632 crore in the year-ago period.

Total income fell to Rs 22,079 crore from Rs 23,306 crore in April-December 2021-22, the company said.

(This story has not been edited by our editorial team and is generated from the feed.)

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