Hot Pursuit     07-Feb-13
United Breweries drops on profit booking after Q3 results
United Breweries lost 1.74% to Rs 767.60 at 10:46 IST on BSE, with the stock sliding on profit taking after recent rally after net profit rose 17.12% to Rs 33.52 crore in Q3 December 2012 over Q3 December 2011.

The company announced Q3 results after market hours on Wednesday, 6 February 2013.

Meanwhile, the BSE Sensex was up 27.20 points or 0.14% at 19,666.92.

On BSE, 53,000 shares were traded in the counter as against average daily volume of 2.95 lakh shares over the past one quarter.

The stock hit a high of Rs 787.95 and a low of Rs 760.35 so far during the day. The stock had hit a 52-week low of Rs 429 on 27 February 2012. The stock had hit a record high of Rs 1,023.30 on 5 December 2012.

The stock had underperformed the market over the past one month till 6 February 2013, sliding 15.69% compared with the Sensex's 0.73% fall. The scrip had also underperformed the market in past one quarter, declining 0.44% as against Sensex's 4.37% surge.

The large-cap company has equity capital of Rs 26.44 crore. Face value per share is Re 1.

The United Breweries stock had witnessed a pre-result rally. The stock had surged 7.19% in five trading sessions to settle at Rs 781.20 on Wednesday, 6 February 2013, from a recent low of Rs 728.75 on 30 January 2013.

United Breweries' total income from operations (net) declined 12.71% to Rs 838.68 crore in Q3 December 2012 over Q3 December 2011. Operating profit margin edged up to 10.07% in Q3 December 2012 from 9.59% in Q3 December 2011. The bottom line was boosted by reversal of Rs 17.33 crore of tax provision for earlier years in Q3 December 2012. There was a steep decline in non-operational income to Rs 2.93 crore in Q3 December 2012 from Rs 32.83 crore in Q3 December 2011.

United Breweries is the flagship company of UB Group. With its flagship brand Kingfisher, the company is market leader in beers in India.

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