You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

G M Breweries soars after strong Q4 performance

Capital Market 

G M Breweries jumped 6.04% to Rs 467.25 after the company's net profit surged 155.29% to Rs 45.34 crore in Q4 FY21 from Rs 17.76 crore in Q4 FY20.

Net sales during the quarter rose 17.18% year-on-year (YoY) to Rs 127.70 crore. Profit before tax in Q4 March 2021 stood at Rs 53.61 crore, up by 124.78% from Rs 23.85 crore in Q4 March 2020.

Tax expense in the fourth quarter rose by 35.80% to Rs 8.27 crore from Rs 6.09 crore recorded in the same period last year.

The company's net profit increased by 18.02% to Rs 80.09 crore on 27.42% fall in net sales to Rs 340.12 crore in the year ended on 31 March 2021 as compared to the year ended on 31 March 2020.

The board of directors of the company has proposed for the approval of shareholders a dividend of Rs 4 per equity share of Rs 10 each.

G M Breweries is engaged in manufacturing and marketing of country liquor.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 06 2021. 12:31 IST