{"id":102579,"date":"2023-05-08T17:10:00","date_gmt":"2023-05-08T11:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102579"},"modified":"2023-05-08T17:00:37","modified_gmt":"2023-05-08T11:30:37","slug":"rk-damani-sold-a-stake-in-this-company-which-reported-a-94-decline-in-q4-pat","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rk-damani-sold-a-stake-in-this-company-which-reported-a-94-decline-in-q4-pat\/","title":{"rendered":"RK Damani sold a stake in this company which reported a 94% decline in Q4 PAT"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1069129649\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of \u20b9 36,981 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/UBL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">United Breweries<\/a><\/strong> is a mid-cap company that is engaged in the business of manufacture and sale of beer and non-alcoholic beverages.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-367245521\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company recently reported an 11.29 percent increase in its revenue from operations to \u20b9 4,092.80 crores for the January to March quarter of 2023, against \u20b93,677.76 crores reported in the corresponding quarter last year. However, its consolidated total revenue decreased by\u00a093.97 percent to \u20b9 9.87 crores in the latest quarter, against \u20b9 163.78 crores reported in the corresponding quarter last year.\u00a0<\/p><p>It reported revenue from operations of 16,651.09 crores for the financial year 2022-23 (FY23), up 26.88 percent as compared to \u20b9 13123.92 crores reported in FY 2021-22. However, its net profit declined by 16.77 percent to \u20b9 304.68 in FY23, against \u20b9 366.08 crores in FY22.&nbsp;<\/p><p>The company has also recommended a dividend of \u20b9 7.50 per equity share, for the financial year ended March 31, 2023, subject to the approval of the same by the members at the ensuing 24th Annual General Meeting (AGM) of the Company scheduled to be held on Thursday, August 10, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2671822456\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Ace investor Radhakishan Damani\u2019s investment arm Derive Trading And Resorts Pvt Ltd held a 1.21 percent stake or 31,95,834 shares in the October to December quarter of 2022. However, it has reduced its stake to 1.19 percent or 31,36,536 shares in the January to March quarter of 2023.&nbsp;<\/p><p>United Breweries has a low return on equity of 7.70 percent and an ideal debt-to-equity ratio of 0.00. Its shares were trading at a price-to-earnings (P\/E) ratio of 121.62, which is higher than the industry P\/E of 32.38 indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><p>The company\u2019s promoters hold a 72.71 percent stake in the company followed by mutual funds with 13.19 percent, retail investors with 6.75 percent, foreign institutions with 6.43 percent and other domestic institutions with 0.92 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2018779709\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of \u20b9 36,981 crores, United Breweries is a mid-cap company that is engaged in the business of manufacture and sale of beer and non-alcoholic beverages.\u00a0 The company recently reported an 11.29 percent increase in its revenue from operations to \u20b9 4,092.80 crores for the January to March quarter of 2023, against [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":60131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8797,9046,948,936,9044,9043,9045],"class_list":["post-102579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-latest-stock-market-news","tag-rk-damani-sells-stake-in-united-breweries","tag-stock-market","tag-stock-market-news","tag-united-breweries-latest-news","tag-united-breweries-share-price","tag-why-is-united-breweries-down"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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