G.M.Breweries Limited Q3FY18-19: Key Highlights
G.M.Breweries Limited, the largest manufacturer of country liquor in the state of Maharashtra has presented its Q3 FY 2018-19 numbers today just after the market hours!
The Company’s total revenue from operations rose to INR 448.89 Cr up by 3.45% YoY, and the same was INR 433.85 Cr a period year ago. However, company’s profit after tax tumbled to INR 16.17 Cr, which was INR 22.30 Cr for the period ends on 31 December 2017.
The stock touched an intraday high of INR 773.95 and an intraday low of INR 711.10 on the National Stock Exchange (NSE)
Total Income:
G.M.Breweries total income for the quarter ended 31 December 2018 rose to INR 451.53 Cr which was INR 415.04 Cr for the period ended 30 September 2018, showing 8.79% increment QoQ.
Profit:
The Company’s profit for October to December 2018 quarter stood at INR 16.17 Cr which was INR 19.42 Cr for July to September 2018 quarter, showing 16.73% decline QoQ.
G.M.Breweries Limited – Company Overview
G.M.Breweries Limited, popularly known as GMBL, is engaged in the business of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL).
- History: G.M.Breweries Limited was set up in the year 1981 by Jimmy Almeida with an aim to provide finest quality country liquor to the common man, who savours its taste, at the lowest possible price.
- IPO: Jimmy Almeida always wanted to share his wealth with the society at large; GMBL came out with its Initial public offer of shares (IPO) in September 1993.
- Production Capacity: GMBL is having a state of the art fully automatic Bottling Plant at Virar (Maharashtra) with a capacity to produce about 50,000 cases a day. Initially The Company started producing 200 cases a day which has now reached to more than 50,000 cases a day.
- Brands: The Company brands include M.SANTRA, M.DOCTOR, M.LIMBU PUNCH, and M.DILBAHAR SOUNF.
Stock Price Movement
The stock ended 4.54% lower to INR 722.55 when the market closed on Thursday! During the quarter ended 31 December 2018, the share prices of G.M.Breweries Ltd has made a low of INR 491 and high of INR 778
G.M.Breweries on Technical Charts
The stock price of G.M.Breweries is trading 9% higher when compared to its 50 EMA (622) and marginally above when compared to its 200 EMA (717)
Finblab view on G.M.Breweries Limited
Finblab has recommended G.M.Breweries Limited in November 2018 at INR 575 (more than 30% positive return till now) and is continue to bullish on the stock keeping a long-term view in mind.
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