Profit

GM Breweries Rallies on Strong Quarterly Results

 Share
EMAIL
PRINT
COMMENTS
GM Breweries Rallies on Strong Quarterly Results
Shares of GM Breweries gained as much as 12 per cent to touch a 52-week high of Rs 1,160 after the company announced a 160 per cent surge in its net profits on a year-on-year basis for the third quarter ending December 2015.

The net profit of GM Breweries, which is engaged in the manufacturing of alcoholic liquor, rose to Rs 15.6 crore in December quarter, compared to Rs 6 crore in the same quarter of previous year.

Comments
The net sales of the liquor manufacturing and marketing company grew 18 per cent to Rs 92.87 crore on a year-on-year basis.

Shares of GM Breweries ended the day 4.89 per cent higher at Rs 1,088 compared to the broad market indicator, Sensex that was up 0.33 per cent
 

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top