 "GM Breweries hits lifetime highs on strong Q3 results")
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GM Breweries has surged 13% to Rs 1,170, also its lifetime highs on the National Stock Exchange (NSE) after the company reported a strong 157% year-on-year (YoY) growth in net profit at Rs 15.57 crore for the third quarter ended December 2015. The company engaged in country liquor had profit of Rs 6.05 crore in the same quarter year ago.
Net sales grew 18% at Rs 92.87 crore on YoY basis.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin improved substantially to 25.64% in December quarter against 10.64% in the corresponding quarter of previous fiscal.
The company has posted net profit of Rs 40.89 crore for the first nine months (April-December) of the current financial year 2015-16. It had profit of Rs 18.63 crore in the entire previous financial year 2014-15.
At 09:21 a.m. the stock was up 8% at Rs 1,119 on the NSE. A combined 196,601 shares changed hands on the counter on the NSE and BSE.
Post September quarter results, the stock zoomed 158% from Rs 453 on October 19, 2015 as compared to 9% decline in the Nifty 50 index.
Net sales grew 18% at Rs 92.87 crore on YoY basis.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin improved substantially to 25.64% in December quarter against 10.64% in the corresponding quarter of previous fiscal.
The company has posted net profit of Rs 40.89 crore for the first nine months (April-December) of the current financial year 2015-16. It had profit of Rs 18.63 crore in the entire previous financial year 2014-15.
At 09:21 a.m. the stock was up 8% at Rs 1,119 on the NSE. A combined 196,601 shares changed hands on the counter on the NSE and BSE.
Post September quarter results, the stock zoomed 158% from Rs 453 on October 19, 2015 as compared to 9% decline in the Nifty 50 index.
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