GM Breweries reported numbers in line with market expectations for Q2FY22 by Mr. Yash Gupta, Angel One Ltd

13/10/2021 2:15:37 PM | Source: Angel One Ltd

GM Breweries reported numbers in line with market expectations for Q2FY22 by Mr. Yash Gupta, Angel One Ltd

News By Tags | #6943 #607 #3075 #6174

Below is quote on GM Breweries by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd

GM Breweries reported numbers in line with market expectations for Q2FY22.

GM Breweries limited reported consolidated revenue growth of 60% at ₹116 crores as compared to 72.61 crores in Q2FY21. The company has reported a profit before tax of ₹29.20 crores for Q2FY22 up by 94% from ₹14.99 crores in Q2FY21. Company has reported profit after tax of ₹21.85 crores as compared to 11.21 crores in Q2FY21. We have seen the gradual reopening of liquor shops, restaurants after the state-wise lockdown due to covid 2^nd wave. We expect the upcoming quarter will be better for GM Breweries as easing in covid 19 related restrictions continues.

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

GM Breweries reported numbers in line with market expectations for Q2FY22 by Mr. Yash Gupta, Angel One Ltd

Top News

Tag News

More News