Mumbai, Nov 3 (PTI) Shares of liquor major United Spirits today surged nearly 8 per cent after the company posted a net profit of Rs 929.3 crore for the second quarter ended September.
The stock climbed 7.68 per cent to Rs 3,499.90 on BSE. On NSE, the company surged 7.58 per cent to Rs 3,499.
United Spirits yesterday posted a net profit of Rs 929.3 crore for the second quarter ended September 30, 2015, on the back of Rs 870 crore share sale in United Breweries.
The company had reported a net loss of Rs 26.9 crore for the same period of the previous fiscal. Net sales of the company rose to Rs 2,122.17 crore during the September quarter, from Rs 2,007.8 crore a year ago, United Spirits had said in a filing to BSE.
For the six months ended September, the company posted a net profit of Rs 949.22 crore compared with a net loss of Rs 85.86 crore in the same period last fiscal.