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  Business   Companies  13 Aug 2018  United Breweries shares jump over 8 per cent after Q1 earnings

United Breweries shares jump over 8 per cent after Q1 earnings

PTI
Published : Aug 13, 2018, 4:48 pm IST
Updated : Aug 13, 2018, 4:48 pm IST

The company had posted a net profit of Rs 161.89 crore in the corresponding period a year-ago.

Shares of United Breweries Ltd (UBL) on Monday surged over 8 per cent after the company reported a 37 per cent jump in its standalone net profit for the quarter ended June 30.
 Shares of United Breweries Ltd (UBL) on Monday surged over 8 per cent after the company reported a 37 per cent jump in its standalone net profit for the quarter ended June 30.

New Delhi: Shares of United Breweries Ltd (UBL) on Monday surged over 8 per cent after the company reported a 37 per cent jump in its standalone net profit for the quarter ended June 30.

The stock soared 8.31 per cent to settle at Rs 1,300 on the BSE. During the day, it surged 9.99 per cent to Rs 1,320.25 -- its 52-week high. On the NSE, shares of the company zoomed 7.74 per cent to close at Rs 1,298.

 

In terms of equity volume, 2.54 lakh shares of the company changed hands on the BSE during the day and over 29 lakh shares were traded on the NSE. United Breweries Ltd (UBL) on Friday reported a 37.08 per cent jump in its standalone net profit to Rs 221.92 crore for the quarter ended June 30, helped by double-digit volume growth.

The company had posted a net profit of Rs 161.89 crore in the corresponding period a year-ago. Its total income during the quarter under review stood at Rs 4,173.18 crore, up 9.24 per cent, as against Rs 3,820.18 crore in the corresponding quarter of the previous fiscal, UBL said in a regulatory filing.

Tags: united breweries ltd, net profit, bse filing, revenue
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