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United Spirits Ltd Q1FY22 consolidated net profit down QoQ to Rs. 50.3 crores
Posted On : 2021-07-23 18:12:01( TIMEZONE : IST )
UNITED SPIRITS LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.6176.3 crores during the period ended June 30, 2021 as compared to Rs.7682.7 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.50.3 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.203.3 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.0.78 for the period ended June 30, 2021 as compared to Rs.2.94 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 6176.3 crs | ₹ 7682.7 crs |  -19.61% |
| Net Profit | ₹ 50.3 crs | ₹ 203.3 crs | -75.26% |
| EPS | ₹ 0.78 | ₹ 2.94 | -73.47% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.6176.3 crores during the period ended June 30, 2021 as compared to Rs.3825.9 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.50.3 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(246.6) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.0.78 for the period ended June 30, 2021 as compared to Rs.(3.40) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 6176.3 crs | ₹ 3825.9 crs |  61.43% |
| Net Profit | ₹ 50.3 crs | ₹ (246.6) crs | 120.4% |
| EPS | ₹ 0.78 | ₹ (3.40) | 122.94% |
Ms Hina Nagarajan, CEO, commenting on the quarter ended 30 June 2021 said: "In the midst of the severe Covid second wave that swept the country during the quarter, our top-most priority was the safety of our employees and associates while supporting the eco-system of customers, partners and communities. The Company and its parent company, Diageo plc, committed Rs. 10 crores and Rs. 35 crores respectively (cumulatively Rs. 45 crores) in this quarter to support India's long term public healthcare infrastructure. The Company provided oxygen concentrators and other medical supplies and is in the process of creating mini hospitals in critical districts.
We have delivered a resilient performance on the back of our operational agility and the intrinsic strength of our portfolio as we managed through the challenges of localized and asynchronized state lockdowns. The Company was back to full operations as we exited the quarter.
Looking forward, with the drop in COVID positivity rates and steady increase in the vaccination coverage, we expect the recovery momentum to accelerate. We remain focused on stimulating demand through our renovation, innovation, and other category growth initiatives. The embedded discipline during the first two waves of the pandemic has enabled the Company to prepare for short-term disruptions and "Emerge Stronger" from the crisis."
Shares of UNITED SPIRITS LTD. was last trading in BSE at Rs. 683.45 as compared to the previous close of Rs. 675.85. The total number of shares traded during the day was 228753 in over 8129 trades.
The stock hit an intraday high of Rs. 688.45 and intraday low of 664. The net turnover during the day was Rs. 154803011.
