United Spirits, engaged in manufacturing of beverage alcohol, reported net loss for the quarter ended Mar. 31, 2014 to Rs 53,801 million as compared to profit of Rs 560 million in the same period last year. Total income for the quarter went up 3.84% to Rs 19.43 billion when compared with the prior year period. During the quarter, the company has reported huge exceptional loss of Rs 43.22 billion, that weighed on the bottomline of the company.
Recently, the BSE and NSE have excluded the company's scrip from the future and option (F&O) segment. ''United Spirits has not submitted financial results for the year ended Mar. 31, 2014 and quarter ended Jun. 30, 2014 as required under Clause 41 of the listing agreement,'' stock exchange said.
Shares of the company gained Rs 4.35, or 0.18%, to trade at Rs 2,403.45. The total volume of shares traded was 33,403 at the BSE (10.25 a.m., Thursday).