Mallya’s USL in high spirits with 5-fold Q4 net jump

Vijay Mallya-led liquor firm United Spirits Ltd (USL) on Thursday posted an over five-fold rise in net profit to Rs 56 crore for the fourth quarter ended 31 March, 2013. The company posted a net profit of Rs 10.01 crore in the corresponding period of the previous fiscal. For its fourth quarter ended 31 March,  the company’s net sales rose to Rs 2,057.69 crore, as against Rs 1,862.69 crore for the same period of previous fiscal, (USL) said in a statement. In a separate filing to BSE , the company said its board of directors has recommended a dividend on equity shares at the rate of Rs 2.50 per share.