EarningsUnited Spirits Q3 Results: Profit Rises By 63.5%
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United Spirits Q3 Results: Profit Rises By 63.5%
Total income from operation was up 5.3% to Rs 3,002.1 crore during the quarter under review as against Rs 2,779 crore of the corresponding period of the previous fiscal.
The Bihar government earned nearly Rs. 3,500 crore last year through taxes on the sale of alcohol, sources said
Diageo-controlled United Spirits Ltd. reported an increase in net profit for the third quarter of fiscal 2024.
Profit rose 63.5% to Rs 350 crore in the October-December period, as against Rs 214 crore over the same period last year.
Total income from operations on a consolidated basis was up 5.3% to Rs 3,002.1 crore during the quarter under review, as against Rs 2,779 crore, according to its exchange filing.
United Spirits Q3 FY24 (Consolidated, YoY)
Revenue up 5.3% at Rs 3,002.1 crore vs Rs 2,779 crore.
Ebitda up 30.8% at Rs 486.5 crore vs Rs 371.8 crore.
Margin at 16.2% vs 13.38%.
PAT up 63.5% at Rs 350 crore vs Rs 214 crore.
United Spirits has decided that their operating segments will be changed from single-operating segment to the following operating segments:
Beverage alcohol: Manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits.
Sports: Rights to operate sports franchise.
Shares of United Spirits closed 0.07% lower as against a fall of 1.5% in the benchmark Nifty on Tuesday.