{"id":2931,"date":"2024-07-09T09:09:52","date_gmt":"2024-07-09T09:09:52","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=2931"},"modified":"2024-07-09T09:09:52","modified_gmt":"2024-07-09T09:09:52","slug":"gm-breweries-q1-results-robust-revenue-growth-by-3-8","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/gm-breweries-q1-results-robust-revenue-growth-by-3-8\/","title":{"rendered":"GM Breweries Q1 Results: Robust Revenue Growth by 3.8%"},"content":{"rendered":"\n<p>Shares of GM Breweries Ltd. experienced a notable recovery from earlier lows to post gains on Tuesday following the announcement of the company&#8217;s June quarter results.<\/p>\n\n\n\n<p>For the April-June period, GM Breweries reported a net profit of \u20b924.9 crore, marking a substantial 25% increase compared to the same period last year. The company also saw its revenue grow by 3.8%, reaching \u20b9152.4 crore from the previous year&#8217;s \u20b9147 crore. This revenue figure accounts for excise duty deductions from the overall revenue from operations.<\/p>\n\n\n\n<p>The company&#8217;s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) saw an impressive year-on-year increase of 18.6% for the June quarter, totaling \u20b930.9 crore. Additionally, the EBITDA margin expanded by nearly 300 basis points, rising to 20.3% from last year&#8217;s 17.7%.<\/p>\n\n\n\n<p>In a move to reward its shareholders, GM Breweries recently allotted bonus shares, offering one free share for every four shares held as of the record date in May this year.<\/p>\n\n\n\n<p>GM Breweries specializes in the manufacturing and marketing of alcoholic beverages, including country liquor and Indian-made foreign liquor. According to the company&#8217;s website, GM Breweries holds the title of the largest manufacturer of country liquor in Maharashtra, boasting a significant market share.<\/p>\n\n\n\n<p>Following the announcement of its quarterly results, shares of GM Breweries are trading 3.2% higher at \u20b9936.2. The stock has surged 61% so far in 2024 and has doubled in value over the past 12 months.<\/p>\n\n\n\n<p><em>Do you have a news tip for Lakshmishree reporters? Please email us at\u00a0<a href=\"mailto:media@lakshmishree.com\" target=\"_blank\" rel=\"noreferrer noopener\">media@lakshmishree.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of GM Breweries Ltd. experienced a notable recovery from earlier lows to post gains on Tuesday following the announcement of the company&#8217;s June quarter results. For the April-June period, GM Breweries reported a net profit of \u20b924.9 crore, marking a substantial 25% increase compared to the same period last year. The company also saw [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[69,68],"class_list":["post-2931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-gm-breweries-q1-result","tag-gm-breweries-results"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=2931"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2931\/revisions"}],"predecessor-version":[{"id":2933,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/2931\/revisions\/2933"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/2932"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=2931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=2931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=2931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}