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United Breweries Ltd posts consolidated PAT of Rs. 30.89 crores in Q1FY22



Posted On : 2021-07-28 18:18:24( TIMEZONE : IST )

United Breweries Ltd posts consolidated PAT of Rs. 30.89 crores in Q1FY22

UNITED BREWERIES 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.2658.79 crores during the period ended June 30, 2021 as compared to Rs.3629.75 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.30.89 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.97.14 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.1.17 for the period ended June 30, 2021 as compared to Rs.3.67 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 2658.79 crs₹ 3629.75 crsDown Tick -26.75%
Net Profit₹ 30.89 crs₹ 97.14 crsDown Tick -68.2%
EPS₹ 1.17₹ 3.67Down Tick -68.12%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.2658.79 crores during the period ended June 30, 2021 as compared to Rs.1264.30 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.30.89 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(114.40) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.17 for the period ended June 30, 2021 as compared to Rs.(4.33) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 2658.79 crs₹ 1264.30 crsUp Tick 110.3%
Net Profit₹ 30.89 crs₹ (114.40) crsUp Tick 127%
EPS₹ 1.17₹ (4.33)Up Tick 127.02%

Business commenced in April 2021 on a good trend but a spike in infections and related Government restrictions towards the last weeks of April resulted in challenging market conditions. The next two months of the quarter witnessed muted business with some recovery towards the end of June as markets started to gradually open. Restrictions in the quarter were less stringent when compared to the similar period of the previous year with almost all the markets partially functional in some form, resulting in an 115% growth in primary volumes. June 2021 volumes were at about half that of volumes in June 2019.

UBL pro-actively focused on health & safety measures of its employees and stakeholders, business continuity, business impact mitigations and cash management while continuing to manage all elements of costs and capital investments in this uncertain environment.

Effective working capital management resulted in higher liquidity and lower gearing, resulting in interest costs lower by 46% as compared to the corresponding quarter of the previous year. UBL's net debt stood at Rs.123 Cr with capex programs focused on safety, statutory & compliance.

The performance in the quarter has placed UBL in a strong position with respect to market leadership, brand portfolio and a robust balance sheet, all essential to navigate the current unpredictable environment. While the industry outlook continues to be volatile given the uncertain trajectory of the pandemic, the company continues to be optimistic about the long-term growth drivers of the industry and is committed to strengthen its market position.

Shares of UNITED BREWERIES LTD. was last trading in BSE at Rs. 1446.1 as compared to the previous close of Rs. 1421.5. The total number of shares traded during the day was 25582 in over 2934 trades.

The stock hit an intraday high of Rs. 1455 and intraday low of 1400.6. The net turnover during the day was Rs. 36533302.

Source : Equity Bulls

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