Som Distilleries & Breweries reports standalone net profit of Rs 15.86 crore in the June 2022 quarter
Som Distilleries & Breweries reports consolidated net profit of Rs 25.66 crore in the June 2022 quarter
Som Distilleries & Breweries reports consolidated net profit of Rs 8.25 crore in the September 2022 quarter
G M Breweries standalone net profit rises 30.98% in the December 2022 quarter
Indices trade with modest losses; Nifty below 17,250
G M Breweries reported a 30.98% jump in net profit to Rs 25.92 crore on 17.41% increase in revenue to Rs 153.66 crore in Q3 FY23 over Q3 FY22.
Sequentially, the company's net profit rose 14.69% and revenue increased by 8.32% in Q3 FY23.
The company's profit before tax stood at Rs 34.64 crore in quarter ended 31 December 2022, registering a growth of 31.01% as against Rs 26.44 crore recorded in Q3 FY22.
Total expenses advanced 18.21% year on year to Rs 577.49 crore in Q3 FY23. Cost of material consumed was at Rs 109.50 crore (up 14.84% YoY) and employee benefits expenses stood at Rs 2.75 crore (up 21.68% YoY), during the quarter.
G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages such as country liquor (CL) and Indian made foreign liquor (IMFL). The company is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share.
Shares of G M Breweries were up 0.26% to Rs 600.15 on the BSE.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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