23 Oct 2020 | 2:50 AM

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COMPANYNEWS
United Breweries Ltd Q2 net profit down 29.70% at Rs 115.13 cr
  United Breweries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-07-2019
The company reported standalone net profit of Rs 115.13 crore for the quarter ended September 30 2019 as compared to Rs 163.77 crore in the same period last year registering a year-on-year decline of 29.70 per cent.


Net revenue of the company rose marginally by 3.45 per cent at Rs 1578.57 crore in July-September quarter of this fiscal as against Rs 1525.95 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 14.77 per cent to Rs 1386.11 crore from Rs 1207.71 crore in year ago period.


Other Income dipped by 48.92 per cent at Rs 1.89 crore versus (Sep`18 Rs 3.70 crore).


Operating Profit slipped by 39.52 per cent to Rs 192.46 crore as against Rs 318.24 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 41.56 per cent in September quarter.


Interest grew by 119.75 per cent y-o-y to Rs 8.79 crore while Taxation decreased by 98.23 per cent at Rs 1.57 crore (Sep`18 Rs 88.54 crore).