GM Breweries share price rises 4% post Q4 earnings
Following the results, GM Breweries share price touched an intraday high of Rs 435.05, rising 4.03% against the last closing value of Rs 418.20 on BSE
- Jun 23, 2020,
- Updated Jun 23, 2020 3:29 PM IST
GM Breweries share price gained over 4% in Tuesday's trade after the company posted its March quarter earnings. The company reported a 27% drop in its net profit on a yearly basis to Rs 17.8 crore for the quarter ended March 2020 compared to a profit of Rs 24.3 crore during the previous quarter ended March 2019.
Revenue fell 7.1% to Rs 109 crore in Q4 FY20 against Rs 117.4 crore YoY in Q4 FY19.
Following the results, GM Breweries share price touched an intraday high of Rs 435.05, rising 4.03% against the last closing value of Rs 418.20 on BSE.
GM Breweries share is trading higher than 5, 20, 50, 100 and 200-day moving averages. The stock has risen 2.3% in one week and 10% in one month. Market capitalisation of the firm stood at Rs 776.34 crore.
For the financial year, company's net profit fell 17.87% to Rs 67.86 crore for the year ended March 2020 against Rs 82.63 crore during the same quarter last year.
Sales climbed 1% to Rs 468.63 crore in FY20 against Rs 464.01 crore sales in FY19.
Infosys, HCL Tech, TCS shares fall most on Sensex after US suspends H1B, H4 visas till December
GM Breweries share price gained over 4% in Tuesday's trade after the company posted its March quarter earnings. The company reported a 27% drop in its net profit on a yearly basis to Rs 17.8 crore for the quarter ended March 2020 compared to a profit of Rs 24.3 crore during the previous quarter ended March 2019.
Revenue fell 7.1% to Rs 109 crore in Q4 FY20 against Rs 117.4 crore YoY in Q4 FY19.
Following the results, GM Breweries share price touched an intraday high of Rs 435.05, rising 4.03% against the last closing value of Rs 418.20 on BSE.
GM Breweries share is trading higher than 5, 20, 50, 100 and 200-day moving averages. The stock has risen 2.3% in one week and 10% in one month. Market capitalisation of the firm stood at Rs 776.34 crore.
For the financial year, company's net profit fell 17.87% to Rs 67.86 crore for the year ended March 2020 against Rs 82.63 crore during the same quarter last year.
Sales climbed 1% to Rs 468.63 crore in FY20 against Rs 464.01 crore sales in FY19.
Infosys, HCL Tech, TCS shares fall most on Sensex after US suspends H1B, H4 visas till December