GM Breweries inches up on reporting 39% rise in Q1 net profit

GM Breweries is currently trading at Rs. 583.00, up by 0.30 points or 0.05% from its previous closing of Rs. 582.70 on the BSE.

GM Breweries
GM Breweries

The scrip opened at Rs. 585.00 and has touched a high and low of Rs. 589.00 and Rs. 575.80 respectively. So far 1866 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 922.85 on 13-Oct-2021 and a 52 week low of Rs. 503.50 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 618.00 and Rs. 574.70 respectively. The current market cap of the company is Rs. 1065.67 crore.

The promoters holding in the company stood at 74.43%, while Institutions and Non-Institutions held 1.70% and 23.87% respectively.

GM Breweries has reported results for first quarter ended June 30, 2022.

The company has reported 38.83% rise in its net profit at Rs 16.16 crore for the quarter under review as compared to Rs 11.64 crore for the same quarter in the previous year.

Total income of the company increased by 2-fold at Rs 552.77 crore for Q1FY23 as compared Rs 273.47 crore for the corresponding quarter previous year.

GM Breweries is primarily engaged in the manufacturing of country liquor.

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