United Spirits Limited has declared its financial results for the first quarter of the fiscal year 2010-11. The company has reported that its net profit has gone down in this period of time. United Spirits Limited has registered a net profit of Rs 121.05 crore for this quarter.

The net profit of the firm was reported to be Rs 177.59 crore for the corresponding quarter in the fiscal year 2009-10. Hence there has been a decline of 31.83% in the net profit figure of the firm this time against last year’s record.

However, the total income of the company has gone up in the quarter under review.

The total income of United Spirits Limited has gone up to Rs 1,470.61 crore during the April-June period of fiscal year 2010. It has reported to be Rs 1,248.05 crore for the similar quarter last financial year.

There has been an increase of 17.83 % in the total income of the company in the June quarter against Q1 last year. Sale volume has also been recorded higher than earlier.