United Spirits Q1 profit at Rs 137 cr

The company8217;s total income stood at Rs 1,944.49 crore for the first quarter ended June 30.

During the same period previous fiscal the company8217;s total income was Rs 1,470.61 crore.

The figures for the quarter ended June 30,2011 are after giving effect to the merger of Balaji Distilleries Ltd and therefore not comparable with the figures of the same period previous fiscal,it added.

The company8217;s board,which met today,has recommended a dividend of Rs 2.50 per share,including on 5,200,639 shares allotted to the shareholders of Balaji Distilleries on January 14,2011,consequent to its merger with the company.

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.

Shares of United Spirits today closed at Rs 983.05 apiece on BSE,down 0.82 per cent from the previous close.

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