United Spirits Q4 net at Rs 77.44 cr

Total income for the period under review were at Rs 1,617.19 crore,while the same was Rs 1,266.32 crore in the corresponding period an year ago.

The company said its results are not comparable due to the merger of Balaji Distilleries Ltd with itself.

For the year ended March 31,2011,the company posted a net profit of Rs 403.04 crore,while the same was Rs 376.02 crore in the last fiscal.

The company’s total income for the year ended March,31,2011 stood at Rs 6422.72 crore,while the same was Rs 4979.47 crore in the previous fiscal.

The company has appointed Ashok Capoor as the Managing Director and President of the company for a period of three years with effect from May 2,2011.

Further the company has also appointed P A Murali as the Joint President.

On April 20,2011 V K Rekhi had stepped down from the post of Managing Director of the firm consequent to the expiry of his five year term.

During the quarter the company has acquired 41.54 per cent stake in Karnataka-based Sovereign Distilleries Ltd.

USL has a portfolio of more than 140 brands,of which 20 are millionaire brands and has manufacturing and bottling units at 84 locations across the country.

Recently the company had announced that its McDowell’s No 1 Platinum,the premium grain-based whiskey brand had sold over 30 million bottles in its maiden year.

United Spirits scrip on Friday closed at Rs 1,034.85 on the BSE,up 2.57 per cent from the previous close.