Moneycontrol
Oct 11, 2017 10:04 AM IST | Source: Moneycontrol.com

GM Breweries surges 20% on strong Q2 numbers

Total income rose 23.2 percent at Rs 384.8 crore versus Rs 312.4 crore.

GM Breweries surges 20% on strong Q2 numbers

Moneycontrol News

Share price of GM Breweries touched 52-week high of Rs 675.95, rising 20 percent intraday Wednesday on the back of strong numbers declared by the company in the quarter ended September 2017 (Q2FY18).

The company's Q2 net profit was up 41.1 percent at Rs 15.7 crore versus Rs 11.1 crore, in the same quarter last fiscal.

Total income rose 23.2 percent at Rs 384.8 crore versus Rs 312.4 crore.

The operating profit (EBITDA) was up 46.4 percent at Rs 24.9 crore and EBITDA margin increased by 520 bps at 24.6 percent.

The company's other income was at Rs 0.46 crore versus Rs 1.3 crore.

At 09:58 hrs GM Breweries was quoting at Rs 655, up Rs 91.70, or 16.28 percent on the BSE.

The share price has increased by 34 percent and 55 percent in the last 5 days and 15 days respectively.

Posted by Rakesh Patil
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