GM Breweries gains 4% on strong growth in Q1 net profit, check details

The company’s revenue from operations, on the other hand, gained marginally by 3.65% on a year-on-year (YoY) basis at ₹600.6 crore in the June 2024 quarter compared to ₹579.4 crore in the year-ago period. After deduction of excise duty the company’s revenue from operations for the June 2024 quarter stood at ₹152.4 crore.

The stock rallied as much as 4.1% to hit an intraday high of ₹945 per piece on the NSE, hovering around its previous 52-week high of ₹948 per share witnessed last week on July 3, 2024. However, shares of GM Breweries pared early gains to trade flat at ₹904.1 per piece on the stock exchange at 2:00 pm.

GM Breweries’ total expenses also ticked slightly higher by 3% in Q1FY25 to ₹570.9 crore, up from ₹553.9 crore in the corresponding quarter of last year. Its finance cost, however, recorded a huge jump during the April to June 2024 period, to ₹26 lakh from ₹2 lakh in the year-ago three month period.

The alcoholic beverages manufacturer’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) and EBITDA margin witnessed growth in the June-ended quarter.

Its EBITDA rose almost 19% in the quarter under review to ₹30.9 crore, while the EBITDA margin expanded by almost 300 basis points (bps) in the period to 20.3% from 17.7% in the same period of the previous fiscal year.

Earlier, the company had announced a bonus issue in the ratio of 1:4 as approved by GM Breweries’ members at its Annual General Meeting (AGM) held on May 16, 2024.