Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

United Spirits Ltd posts consolidated PAT of Rs. 287 crore in Q3 FY2020-21

Posted On: 2021-01-27 07:16:07 (Time Zone: Arizona, USA)


UNITED SPIRITS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.8429.1 crores during the period ended December 31, 2020 as compared to Rs.7520.4 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.287 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.129.4 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.4.05 for the period ended December 31, 2020 as compared to Rs.1.82 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 8429.1 crs₹ 7520.4 crsUp Tick 12.08%
Net Profit₹ 287 crs₹ 129.4 crsUp Tick 121.79%
EPS₹ 4.05₹ 1.82Up Tick 122.53%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.8429.1 crores during the period ended December 31, 2020 as compared to Rs.7818.1 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.287 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.235.3 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.4.05 for the period ended December 31, 2020 as compared to Rs.3.32 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 8429.1 crs₹ 7818.1 crsUp Tick 7.82%
Net Profit₹ 287 crs₹ 235.3 crsUp Tick 21.97%
EPS₹ 4.05₹ 3.32Up Tick 21.99%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.19775.4 crores during the 9 months period ended December 31, 2020 as compared to Rs.22418.8 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.174.9 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.600.5 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.2.47 for the 9 months period ended December 31, 2020 as compared to Rs.8.47 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 19775.4 crs₹ 22418.8 crsDown Tick -11.79%
Net Profit₹ 174.9 crs₹ 600.5 crsDown Tick -70.87%
EPS₹ 2.47₹8.47Down Tick -70.84%

Anand Kripalu, CEO, commenting on the quarter and nine months ended 31 December 2020 said: "The reported revenue decline of 3.6% in the third quarter reflects improving consumer sentiment over previous quarters, notwithstanding on-premise footfalls still being low, the route to market change in Andhra Pradesh and taxation led price hikes post Covid-19. Operational resilience, contextual marketing with focus on in-home occasions and renovation of our core brands supported the top-line recovery.

Prestige & Above segment net sales moderately declined 0.8% in Q3, albeit lapping strong normal festive base comparatives. Scotch performance continues to be encouraging.

The third quarter witnessed benign commodities which, along with continued productivity, facilitated marginal expansion of gross margin to 44.6%.

The company maintained its marketing reinvestment rate for the quarter @ a healthy 9.4%. Reported EBITDA margin for the quarter was 15.4% and we delivered a PAT of Rs. 230 Crores.

Overall, performance for the nine months remains impacted by first quarter disruption in sales and supply chain on account of the pandemic and lower fixed cost absorption as a consequence. Contraction of owned and franchise business in AP due to the route to market change further impacted performance adversely. Notwithstanding the resilient second and third quarter performance, our underlying net sales in the first nine months declined 18.2%, EBITDA margin contracted to 10.2%. with a PAT of Rs. 143 Crores.

Operating cash flow remained strong and external debt reduced consistently through the nine months. CRISIL has reaffirmed its 'CRISIL AA+/Positive' ratings on the bank facilities and debt programmes.

Despite a quicker rebound than originally expected, in the near term there are still reasons to remain cautious and consequently, the company is not providing quantitative guidance for fiscal 2021. Our business continues to exhibit strong fundamentals and our focus to "Emerge stronger" will hold us in good stead."

Shares of UNITED SPIRITS LTD. was last trading in BSE at Rs.644.75 as compared to the previous close of Rs. 634.6. The total number of shares traded during the day was 125152 in over 3661 trades.

The stock hit an intraday high of Rs. 649.65 and intraday low of 629.5. The net turnover during the day was Rs. 80394688.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Sayaji Hotels Management Ltd enters into management agreement for 7 properties

GRSE Lays Keel of 3rd Ship of Prestigious Project 17A Advanced Stealth Frigate

NMDC revises prices of iron ore w.e.f. 06-03-2021

Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector

Mawana Sugars Limited approves investment of Rs. 10 crores in Siel Industrial Estate Ltd

TVS Motor Company to provide free COVID-19 vaccination to all employees and their immediate family members

Satyam Silk Mills Ltd board to consider rights issue on March 10, 2021

GRM Overseas Ltd board to consider interim dividend on March 10, 2021

Rushil Decor Limited starts commercial production of MDF board at new Vizag plant

IIFL Securities Ltd board to consider interim dividend on March 10, 2021

DCW Limited allots debentures to Kotak Special Situations Fund

M G George Muthoot, Chairman of Muthoot Finance Limited passes away

Acuite Ratings & Research Limited update on rating of Edelweiss Financial Services Limited

Kotak Mahindra Bank Appoints Dr Ashok Gulati as an Additional Independent Director on its Board

Xanadu Realty ties up with Poddar Housing Development Limited in a mega portfolio deal

Edelweiss Financial Services Limited updates on credit rating of proposed NCD issue

IndiGrid signs the largest power transmission deal with Sterlite Power AUM to leapfrog to over INR 200 Bn

Indian Bank to divest stake in JV, ASREC India Ltd

Dai-ichi Karkaria Limited updates on Kasarwadi Land Deal

AKI India Ltd approves construction of effluent treatment plant

Kotak Silk Launches Eduseries for Financial Independence of Women

Ind-Ra has assigned ratings to JSW Hydro Energy Ltd

Shriram EPC Limited board to consider issue of preference shares to lenders

Suncare Traders Limited to demerge investment division to Madhav Infra Projects Ltd

Astral Poly Technik Limited fixes March 19, 2021 as record date for bonus issue

Mazagon Dock Shipbuilders Limited gifts refrigerated truck

Sandhar Technologies Ltd announces incorporation of step down subsidiary

NMDC LTD. board to consider interim dividend on Mar 11, 2021

CRISIL revises outlook of Canara Bank's long-term debt instruments

Hero MotoCorp launches 4-day special service and exchange carnival

ICICI Lombard General Insurance Company Limited board approves interim dividend of Rs. 4

Sun Pharma arm to acquire stake in WRS Bioproducts Pty Ltd, Australia

Kirloskar Oil Engines Ltd declares interim dividend of Rs. 1.50 for FY21

Glenmark signs on Rohit Sharma as brand ambassador of Candid Powder

Waa Solar Ltd Board aprovies 1:1 Bonus Issue

Coal India Ltd board approves 2nd interim dividend of Rs. 5

WeP Solutions Limited fixes March 12, 2021 as record date for rights issue

HGS Digital Partners with Automation Anywhere to Deliver End-to-End Process Automation Solutions in the Customer Experience Industry

PNB Housing Finance and YES BANK enter into strategic co-lending partnership

PVR Cinemas unveil Mysuru's Biggest 6-Screen multiplex in Forum Centre City Mall

Shilpa Medicare Ltd receives US FDA tentative approval for Apremilast Tablets, 10 Mg, 20 Mg, And 30 Mg

RITES Ltd Board to consider Second Interim Dividend on Mar 12, 2021

Mexico's GigNet selects Tejas Networks for its Metro Optical network in Cancun

Dilip Buildcon Ltd receives LOA from NHAI for 2 projects under Bangalore Chennai Expressway

BCPL Railway Infra secures path-breaking order in the railway electrification segment

Indian Bank to consider raising funds of Rs. 4000 crore through equity

Economic Times awards The Byke Hospitality Ltd. for Affordable Luxury Resort Stay

IndiGo strengthens regional connectivity, announces Bareilly as its 67th destination

TATA Tea Gold celebrates this Women's day by launching 'Dil Ki Suno' stories of today's women

Dabur launches 'Vatika Select' premium range of shampoos



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020