GM Breweries Q1 results: Profit jumps 25% YoY, revenue up 3%
GM Breweries (GMBL) posted a Q1FY25 profit of Rs 24.94 crore and Rs 600.59 crore revenue, up 25% and 3%. Total income Rs 604.22 crore, up 4% YoY. Largest in Maharashtra’s country liquor (CL) market, owns GM Santra, GM Doctor, GM Limbu Punch, GM Dilbahar Sounf.
() today reported its Q1FY25 results wherein the company posted a profit after tax of Rs 24.94 crore while the from operations jumped to Rs 600.59 crore. This was up 25% and 3% respectively against the Rs 19.91 crore and Rs 579.40 crore revenue reported during the same quarter of the financial year 2023-2024.Additionally, the company has also posted an increase in its total income, which stands at Rs 604.22 crore in Q1FY24 against Rs 580.46 crore in the same period last year. This represents an increase of 4% on a year-on-year basis.
GMBL is engaged in manufacturing and marketing of alcoholic beverages such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL) and is the largest manufacturer of country liquor in the state of Maharashtra with a sizable market share.
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The company owns brands like GM Santra, GM Doctor, GM Limbu Punch and GM Dilbahar Sounf.
In the last one year, the shares of GM Breweries have surged by 92%, while in the last 6 months, the stock has increased by 68.7%. In the last one month, the stock has witnessed gains of 43%, as per the Trendlyne data.
Technically, the stock is placed well above all its significant short, medium and long term exponential moving averages while oscillating near the 80 level mark on the RSI as per the same data. The 80 level mark on the RSI denotes an overbought level for the stock.
The shares of GM Breweries were trading flat at Rs 905 around 2 pm on NSE today.
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Source: Stocks-Markets-Economic Times
