UBL receives Rs 100.83 cr tax refund for AY 2013-14 and AY 2020-21

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UBL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹1179.20

prior close

₹1192.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.6%+1.3% vs market

Breweries & Distilleries peers, median of 25sector-0.6%+1.3% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 1.3 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.8

15m

-0.7

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7-0.6+1.3-0.6+1.3

Next day

-1.3-3.0+1.7-3.2+1.9

-0.9-1.7+0.8-1.9+0.9

-1.4-1.6+0.3-1.4+0.1

+1.8-0.7+2.4-2.0+3.8

+2.3-0.7+3.0-0.8+3.0

+1.8-1.1+2.9-1.0+2.7

15d

+1.0-3.3+4.3-6.6+7.6

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UpDownMarket · Nifty Midcap 150Sector · Breweries & Distilleries peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

United Breweries received tax refunds totalling Rs 100.83 crores for Assessment Years 2013-14 and 2020-21 from the Income Tax department. The refund includes Rs 25.65 cr in interest for AY 2013-14 and Rs 4.79 cr in interest for AY 2020-21. The company says this will boost working capital and profit through interest income. Some related matters remain under appeal at ITAT and Karnataka High Court.

Likely market impact

Positive cash inflow of Rs 100.83 cr including about Rs 30.44 cr interest. Some tax matters still under appeal.