Tag: United Breweries

United Breweries Q1 net surges to Rs 29.47 cr

United Breweries Q1 net surges to Rs 29.47 cr

29/09/2016 16:25

United Breweries has announced that its net profit for the first quarter ended June 30, 2016 rose by more than 13-fold to Rs 29.47 crore from Rs 2.15 crore in the same period a year ago.

Total income from operations climbed by 34 per cent at Rs 96.23 crore in Q1 FY 2016-17 from Rs 71.74 crore in the same period a year ago, United Breweries (Holdings) Ltd said in a filing to the Bombay Stock Exchange (BSE) on Thursday.

Total expenses climbed 28.6 per cent at Rs 66.8 crore in Q1 FY 2016-17 from Rs 51.94 crore in the same period a year ago.

Other income rose 9.98 per cent at Rs 8.92 crore in Q1 FY 2016-17 from Rs 8.11 crore in the same period a year ago.

Finance costs fell 65.5 per cent at Rs 8.88 crore in Q1 FY 2016-17 from Rs 25.76 crore in the same period a year ago.

Revenue from alcoholic beverages rose 86.7 per cent at Rs 45.23 crore in Q1 FY 2016-17 from Rs 24.22 crore in the same period a year ago.

Shares of the company rose 1.29 per cent to Rs 43.1 a piece at 15:29 PM IST on Thursday.

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