 "G M Breweries surges on over three-fold jump in Q1 profit")
Shares of G M Breweries surged 20% to Rs 210, also their record highs on the BSE in early morning trades, after the company reported an over three-fold jump in standalone net profit at Rs 15.89 crore for the quarter ended June 30, 2015 (Q1).
The breweries & distilleries maker had posted a profit of Rs 4.56 crore in the same quarter a year ago.
Net sales of the company during the quarter under review grew 7% at Rs 81 crore against Rs 76 crore in the corresponding quarter of previous fiscal.
Total expenditure, however, declined 10% at Rs 61 crore, while other income jumped to Rs 3.40 crore against Rs 1 lakh over the previous year's corresponding quarter.
Till 09:23 AM, a combined 393,251 shares changed hands and there were pending buy orders for 292,226 shares on the BSE and NSE.
The breweries & distilleries maker had posted a profit of Rs 4.56 crore in the same quarter a year ago.
Net sales of the company during the quarter under review grew 7% at Rs 81 crore against Rs 76 crore in the corresponding quarter of previous fiscal.
Total expenditure, however, declined 10% at Rs 61 crore, while other income jumped to Rs 3.40 crore against Rs 1 lakh over the previous year's corresponding quarter.
Till 09:23 AM, a combined 393,251 shares changed hands and there were pending buy orders for 292,226 shares on the BSE and NSE.
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