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United Spirits Ltd reports consolidated PAT of Rs. 58.4 crore in Q4 FY2020

Posted On: 2020-05-27 21:41:44


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

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.6426.9 crores during the period ended March 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.58.4 crores for the period ended March 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.0.82 for the period ended March 31, 2020 as compared to Rs.3.32 for the period ended December 31, 2019.

FinancialsQ4 FY19-20Q3 FY19-20% Change
Total Income₹ 6426.9 crs₹ 7818.1 crsDown Tick -17.79%
Net Profit₹ 58.4 crs₹ 235.3 crsDown Tick -75.18%
EPS₹ 0.82₹ 3.32Down Tick -75.3%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.6426.9 crores during the period ended March 31, 2020 as compared to Rs.7292.6 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.58.4 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.123 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.0.82 for the period ended March 31, 2020 as compared to Rs.1.73 for the period ended March 31, 2019.

FinancialsQ4 FY19-20Q4 FY18-19% Change
Total Income₹ 6426.9 crs₹ 7292.6 crsDown Tick -11.87%
Net Profit₹ 58.4 crs₹ 123 crsDown Tick -52.52%
EPS₹ 0.82₹ 1.73Down Tick -52.6%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.28845.7 crores during the 12 months period ended March 31, 2020 as compared to Rs.28941.7 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.658.9 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.700.2 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.9.29 for the 12 months period ended March 31, 2020 as compared to Rs.9.87 for the 12 months period ended March 31, 2019.

FinancialsYear Ended FY19-20Year Ended FY18-19% Change
Total Income₹ 28845.7 crs₹ 28941.7 crsDown Tick -0.33%
Net Profit₹ 658.9 crs₹ 700.2 crsDown Tick -5.9%
EPS₹ 9.29₹9.87Down Tick -5.88%

Anand Kripalu, CEO, commenting on the quarter and full year ended 31 March 2020 said: "The business was severely impacted in the fourth quarter due to disruption caused by the outbreak of coronavirus in India. Net sales declined 11%, led by a larger decline in the Prestige and Above segment, further impacting full year growth, which was already subdued due to the ongoing consumption slowdown during the fiscal.

We saw a sharp deceleration in our Prestige and Above portfolio from the previous quarter, as the segment was disproportionately impacted by the closure of on-premise channel in several states much before the nationwide lockdown went into effect. Within the segment, our Bottled in Origin (BIO) Scotch portfolio was the hardest hit. Although the rollout of the renovated McDowell's No. 1 Whisky brand was interrupted, we are encouraged by the initial consumer response in places where it was completed.

During this fiscal, we experienced substantial inflation in our key raw material costs. While this resulted in significant compression in gross margin, we still delivered an underlying* EBITDA margin of 15.9%, up 92bps, reflecting our agility and dynamic approach towards managing various lines of the P&L.

Overall, despite an unfavourable environment, impacting both the demand and the cost of raw materials, PAT for the year was up 7%.

Overall, in this fiscal, we faced several external challenges, including the general election, broad based economic slowdown and the outbreak of coronavirus. While the outlook for next year remains uncertain, I am confident in the resilience of our category and our agility and ability to adapt in this difficult environment. We will continue to execute with discipline and invest prudently to meet evolving consumer needs."

Shares of UNITED SPIRITS LTD. was last trading in BSE at Rs.577.3 as compared to the previous close of Rs. 582.95. The total number of shares traded during the day was 154550 in over 4470 trades.

The stock hit an intraday high of Rs. 589 and intraday low of 571.5. The net turnover during the day was Rs. 89505414.


Source: Equity Bulls

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