Latest news with #UBL
Express Tribune
5 days ago
- Business
- Express Tribune
PSX climbs 515 points on improved rating
Foreign funds would divert their liquidity into buying Pakistan's stocks. This would merely increases prices of shares and be profitable for those who already hold stocks. PHOTO: FILE Listen to article The Pakistan Stock Exchange (PSX) ended the week on a strong note on Friday, with the benchmark KSE-100 index gaining over 500 points to close slightly above 139,200. The rally came as investor sentiment was lifted by S&P Global Ratings' upgrade of Pakistan's sovereign credit rating to 'B-' with a stable outlook, reflecting improved macroeconomic stability and sustained IMF support. Expectations of a 50-basis-point rate cut in the upcoming monetary policy meeting on July 30 further fueled optimism. Broad-based buying was observed, particularly in banks, energy firms and autos, with Engro (+3.53%), UBL (+0.71%) and Lucky Cement (+1.43%) making the largest contribution to index gains. Meanwhile, HBL (-0.67%), Allied Bank (-3.93%) and MCB Bank (-0.58%) were the major drags. On a weekly basis, the KSE-100 rose 0.44% week-on-week, having tested a high of 140,200. Analysts believe the upside remains intact with a near-term target of 140,500, while support is around the 137,200-138,200 zone. Stocks closed bullish after S&P Global lifted credit rating to 'B-' amid bilateral support, IMF reforms and improved fiscal indicators, Arif Habib Corp MD Ahsan Mehanti said. Speculation about likely SBP policy easing next week amid a slide in government bond yields drove the bullish close at the PSX, he said. At the end of trading, the KSE-100 index recorded an increase of 514.62 points, or 0.37%, and closed at 139,207.29. Arif Habib Limited (AHL) commented that in the final trading session of the week, the PSX saw a mixed performance, with 54 stocks rising and 45 declining. Market sentiment was buoyed by S&P Global Ratings' upgrade of Pakistan's credit rating to 'B-', which lifted both equities and dollar bonds. The 2036 Eurobond gained 0.5 cent, trading at $86.14, with most other maturities also extending their upward momentum, it said. Looking ahead, all eyes are on the State Bank of Pakistan's monetary policy meeting scheduled for July 30, where a 50-basis-point rate cut is widely expected, which will bring policy rate to 10.5% amid declining inflation and a stable external position, AHL added. Topline Securities, in its review, wrote that the market after remaining sluggish for the last two trading sessions returned to its positive course, as the KSE-100 index closed at 139,207, up 0.37%. Top positive contribution to the index came from Engro Holdings, UBL, Lucky Cement, Meezan Bank, NBP, Atlas Honda and Systems Limited as they cumulatively contributed 541 points. Traded value-wise, Hubco (Rs1.18 billion), Engro Holdings (Rs1.17 billion), HBL (Rs734 million), The Bank of Punjab (Rs691 million), NBP (Rs564 million), UBL (Rs547 million) and DG Khan Cement (Rs533 million) dominated the trading activity. Muhammad Hasan Ather of JS Global noted that the KSE-100 closed on a positive note, gaining 515 points. Investor sentiment was buoyed by S&P Global's upgrade of Pakistan's sovereign credit rating to 'B-' with a stable outlook, reflecting improved fiscal stability and IMF support. Buying was broad-based, led by banks, energy and autos. Looking ahead, expectations of a policy rate cut in the upcoming meeting may support the rally, though global uncertainty and fiscal risks remain key watch points, Ather said. Total trading volumes reached 634.8 million shares, slightly lower than the previous session's 648.8 million. The day's traded value stood at Rs24.6 billion. Out of 479 traded companies, 211 advanced while 236 declined. Thirty-two stocks remained unchanged. The Bank of Punjab led trading volumes with 50.3 million shares, closing at Rs13.60 with a rise of Rs0.05. Fauji Foods followed with 48.9 million shares, gaining Rs0.61 to close at Rs16.29, while Aisha Steel Mills saw 35.6 million shares change hands, rising Rs1.08 to end at Rs12.34. Foreign investors sold shares worth Rs132.6 million, the National Clearing Company reported.
Business Recorder
6 days ago
- Business
- Business Recorder
UBL expands strategic partnership with Teradata
KARACHI: United Bank Limited (UBL), one of Pakistan's leading financial institutions, has announced the expansion of its strategic partnership with Teradata. The collaboration includes an upgrade of UBL's data environment, leveraging Teradata's enterprise analytics and data platform for Trusted AI at scale, with the flexibility to deploy cloud infrastructure where applicable. This collaboration marks a pivotal step in UBL's digital transformation journey, as the bank transitions to a cutting-edge, open, and connected Data Lakehouse platform. Speaking at the signing ceremony, UBL's Chief Information Officer, Sohail Aziz, emphasized that this partnership is a major milestone in the bank's digital evolution, unlocking powerful analytics and AI capabilities to drive innovation and enhance customer experiences. He highlighted that the upgraded platform will enable faster, data-driven decision-making and more personalized banking services. Teradata's Area Vice President for Pakistan, Mr. Waqas Hashmi, reinforced the long-standing collaboration, stating that Teradata's AI-powered data platform will allow UBL to harness the full potential of its data, accelerate strategic initiatives, and strengthen its leadership in Pakistan's competitive banking sector. Copyright Business Recorder, 2025
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Business Standard
23-07-2025
- Business
- Business Standard
United Breweries shares rise 4% after Q1 results; check key takeaways here
Shares of United Breweries (UBL) rose nearly 4% after the company reported a 6 per cent increase in the net profit for the current financial year (Q1FY26), with revenue beating the street's estimates. The breweries and distilleries firm's stock rose as much as 3.6 per cent during the day to ₹2,119 per share. The stock pared gains to trade 0.5 per cent higher at ₹2,045 apiece, compared to a 0.20 per cent advance in Nifty 50 as of 10:12 AM. Shares of the company rose for the third straight session and have recovered over 6 per cent from their June lows. The counter has risen 0.3 per cent this year, compared to a 6.2 per cent advance in the benchmark Nifty 50. UBL has a total market capitalisation of ₹53,951.87 crore. Track LIVE Stock Market Updates Here United Breweries Q1 results The company reported a 5.9 per cent increase in consolidated net profit for the quarter ended June 2025. The profit stood at ₹184.03 crore, up from ₹173.80 crore during the same period last year. However, the revenue from operations fell 7.4 per cent year-on-year to ₹5,380.78 crore. In the April-June quarter of 2024, revenue was ₹5,811.28 crore. Total expenses for the quarter declined 7.9 per cent to ₹5,143.97 crore. Overall income also dipped by 7.33 per cent to ₹5,391.85 crore. UBL reported a strong growth in the premium segment, which grew by 46 per cent, outpacing the overall category growth. "Volume in Q1 increased 11 per cent, lapping the impact from elections during peak season last year coupled with strong estimated market share gains in the quarter," UBL said in its earnings statement. UBL remains upbeat about growth prospects in India. "We remain committed and optimistic to unlock growth in the category & shape the future of beer in India driven by increasing disposable income, favourable demographics & premiumisation," the company said. Nuvama on UBL Q1 results Nuvama Institutional Equitus said that UBL reported a strong Q1 performance, with revenue rising 15.7 per cent Y-o-Y, ahead of both Nuvama and consensus estimates. Ebitda grew 8.9 per cent Y-o-Y, beating Nuvama's forecast but falling short of the Street's expectations. The brokerage retained its 'Buy' call, with a target price of ₹2,505 per share, and added that it awaits more details on the post-results call. Capex for the quarter stood at approximately ₹1.4 billion, up ₹890 million from the previous year, driven largely by investments in commercial and supply chain initiatives, Nuvama said. Other expenditure rose 18.7 per cent Y-o-Y and 18 per cent sequentially, led by marketing spends, higher freight costs, and miscellaneous items.
Time of India
22-07-2025
- Business
- Time of India
United Breweries Q1 profit up 6% to Rs 184 cr
BENGALURU: United Breweries Ltd (UBL) posted a 6% year-on-year rise in consolidated net profit to Rs 184 crore for the quarter ended June 30, 2025, as volumes grew 11% and premium beer sales surged 46%. Net revenue rose 16% to Rs 5,380.78 crore, supported by higher demand, price realisations and continued premiumisation. Earnings per share for the quarter stood at Rs 6.95, compared to Rs 6.56 a year earlier. The company said its volume growth, achieved despite election-related disruption in the base quarter, translated into estimated market share gains, both overall and in the premium segment. Flagship brands including Kingfisher Ultra, Amstel Grande and Heineken Silver were key contributors. Amstel Grande was introduced in Karnataka during the quarter, after earlier rollouts in Maharashtra, West Bengal and Uttar Pradesh. Gross profit rose 14% year-on-year, although margins narrowed 50 basis points to 42.5%. Operating profit (EBIT) grew 10% to Rs 247.88 crore, even as UBL increased investments in branding, organisational capability and supply chain infrastructure. Capital expenditure for the quarter stood at Rs 136 crore, nearly Rs 89 crore higher than the same period last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Choose your Nightfarer and try to survive against the Night's Tide! Shop Now Undo As part of its supply chain reorganisation, UBL closed its Mangaluru unit and stepped up investment in its Mysuru facility. The company continues to contest a Rs 751.8 crore penalty imposed by the Competition Commission of India in 2021. The matter is under appeal in the Supreme Court, and UBL has not provisioned for the penalty, classifying it as a contingent liability. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
22-07-2025
- Business
- Business Standard
United Breweries Q1 results: Profit rises 5.9% to ₹184 cr on lower expenses
United Breweries Ltd (UBL), backed by Dutch brewing giant Heineken NV, reported a 5.9 per cent increase in consolidated net profit for the quarter ended June 2025. The profit stood at ₹184.03 crore, up from ₹173.80 crore during the same period last year, according to the company's regulatory filing on Tuesday. While profit rose, the company's revenue from operations fell 7.4 per cent year-on-year to ₹5,380.78 crore. In the April-June quarter of 2024, revenue was ₹5,811.28 crore. "Volume in Q1 increased 11 per cent, lapping the impact from elections during peak season last year coupled with strong estimated market share gains in the quarter," UBL said in its earnings statement. Strong growth in premium brands UBL highlighted strong performance in its premium segment, which grew by 46 per cent -- outpacing the overall category growth. "Within our premium portfolio, we see strong growth from Kingfisher Ultra franchise, Amstel Grande & Heineken Silver, and we continue to drive premium volume growth," the company stated. Lower expenses and capital investments Total expenses for the quarter declined 7.9 per cent to ₹5,143.97 crore. Overall income also dipped by 7.33 per cent to ₹5,391.85 crore. During the quarter, UBL invested ₹136 crore in capital expenditure, primarily aimed at commercial and supply chain improvements to support future expansion. Positive outlook for Indian market UBL remains upbeat about growth prospects in India. "We remain committed and optimistic to unlock growth in the category & shape the future of beer in India driven by increasing disposable income, favourable demographics & premiumisation," the company said. On Tuesday, shares of United Breweries Ltd closed at ₹2,036.90 on the BSE, marking a 0.74 per cent increase from the previous day's close.
