United Spirits posts net loss of Rs 1,799.28 crore for March quarter

Liquor firm United Spirits on Wednesday reported a standalone net loss of Rs 1,799.28 crore for the three months ended March 31.

The company had registered a net loss of Rs 5,380.10 crore in the same period of the previous fiscal.

Total income of the company rose marginally 5.5 per cent to Rs 2,051.26 crore during the quarter, as against Rs 1,943.34 crore a year ago, United Spirits (USL) said in a filing to Bombay Stock Exchange (BSE).

In view of the loss, USL said its Board has not recommended any dividend on shares of the company for the year ended March 31, 2015, the filing added.

USL shares were trading at Rs 3549.00 on BSE at 12:04 pm, down 1.88 per cent from the previous close.