G M Breweries Ltd Q1 PAT slides to Rs. 16.27 crores

G.M.BREWERIES LTD. has reported financial results for the period ended June 30, 2019.

Financial Results (Q1 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.431.06 crores during the period ended June 30, 2019 as compared to Rs.446.31 crores during the period ended March 31, 2019.

The company has posted net profit of Rs.16.27 crores for the period ended June 30, 2019 as against Rs.24.32 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.8.90 for the period ended June 30, 2019 as compared to Rs.13.30 for the period ended March 31, 2019.

Financials	Q1 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 431.06 crs	₹ 446.31 crs	-3.42%
Net Profit	₹ 16.27 crs	₹ 24.32 crs	-33.1%
EPS	₹ 8.90	₹ 13.30	-33.08%

Financial Results (Q1 FY19-20) - YoY Comparison

The company has reported net sales of Rs.431.06 crores during the period ended June 30, 2019 as compared to Rs.405.47 crores during the period ended June 30, 2018.

The company has posted net profit of Rs.16.27 crores for the period ended June 30, 2019 as against Rs.22.19 crores for the period ended June 30, 2018.

The company has reported EPS of Rs.8.90 for the period ended June 30, 2019 as compared to Rs.12.14 for the period ended June 30, 2018.

Financials	Q1 FY19-20	Q1 FY18-19	% Change
Total Income	₹ 431.06 crs	₹ 405.47 crs	6.31%
Net Profit	₹ 16.27 crs	₹ 22.19 crs	-26.68%
EPS	₹ 8.90	₹ 12.14	-26.69%

The drop in profit during the current quarter in comparison to previous quarter and corresponding quarter of the last year is mainly attribured to unprecedented rise in the cost of company's main raw material namely rectified spirit.

Shares of G.M.BREWERIES LTD. was last trading in BSE at Rs.493.15 as compared to the previous close of Rs. 510. The total number of shares traded during the day was 6984 in over 474 trades.

The stock hit an intraday high of Rs. 514.95 and intraday low of 490. The net turnover during the day was Rs. 3515363.

Source : Equity Bulls

Keywords