India's GM Breweries up after Q3 rise in net profit, revenue

G M Breweries

12/01/2023 07:04

** Shares of G M Breweries  GMBR.NS  rise as much as 3.28%
to 620 rupees, highest since Jan. 4, 2023
    ** The rise comes after the company reports 30.97% growth in
net profit and 18.51% rise in operating revenue for the third
quarter
    ** Earnings before interest, taxes, depreciation and
amortisation rises 22.89% to 331.8 mln rupees vs 270 mln rupees 
    ** Margins expand to 21.6% from 20.6% YoY
    ** As of 12:15 p.m. IST, 60,476 shares change hands, 1.9x
the 30-day avg of 32,883 shares
    ($1 = 81.6325 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))