United Spirits shares soar nearly 18% on robust earnings in Jul-Sep quarter

New Delhi: Shares of United Spirits on Friday soared nearly 18 percent after the company reported an 85.57 percent increase in net profit for the quarter ending 30 September. The stock jumped 17.64 percent to close at Rs 3,029.40 on BSE. During the day, it zoomed 23.28 percent to Rs 3,175 – its 52-week high. [caption id=“attachment_4180121” align=“alignleft” width=“380”]  Reuters.[/caption] At NSE, shares of the company surged 17.52 percent to end at Rs 3,025.75. In terms of equity volume, 7.39 lakh shares of the company were traded on BSE and over 60 lakh shares changed hands at NSE during the day. Liquor major United Spirits on Thursday reported an 85.57 percent increase in its net profit at Rs 153.1 crore for the quarter ended September 30, helped by lower interest costs and exceptional items. The company had posted a net profit of Rs 82.5 crore in the same period last fiscal, the firm said in a regulatory filing. Net sales during the quarter under review grew Rs 6,214.6 crore as against Rs 6,017.3 crore in the year-ago period, up 3.27 percent.