GM Breweries tanks 13% post 25% drop in Q3 net profit

In the current financial year FY19, the stock has dropped 8 per cent to Rs 724.3 (as of Thursday's close) from Rs 785 on March 28, 2018.

Shares of GM Breweries plunged as much as 13 per cent to Rs 630 in the early trade on BSE on Friday after the beverage company reported a 25 per cent year-on-year (YoY) decline in its Q3 net profit. 

At 09:48 am, the stock was trading at Rs 634.70 apiece, down 12.37 per cent. 

For the quarter ended December 31, 2018, the company posted net profit of Rs 16.71 crore against Rs 22.3 crore in the corresponding quarter of last year. Total revenue from operations stood at Rs 448.89 crore, up 3.46 per cent. Earnings per share (EPS) of the company came