Latest news with #GMBreweries
Business Standard
17 hours ago
- Business
- Business Standard
G M Breweries slides after Q1 PAT plunges 57% QoQ to Rs 26 cr
G M Breweries slipped 3.25% to Rs 732.45 after the company reported a 57.22% decline in standalone net profit of Rs 25.86 crore in Q1 FY26, compared to Rs 60.46 crore posted in Q4 FY25. However, revenue from operations (excluding excise duty) fell 3.82% quarter-on-quarter to Rs 162.86 crore for the quarter ended 30 June 2025. On a year-on-year (YoY) basis, the companys net profit rose 3.68%, while revenue increased 6.86%. Profit before tax (PBT) for the quarter stood at Rs 34.56 crore, up 3.72% from Rs 33.32 crore reported in Q1 FY25. G M Breweries is engaged in the manufacturing and marketing of alcoholic beverages, including country liquor (CL) and Indian-made foreign liquor (IMFL). The company is the largest manufacturer of country liquor in Maharashtra, holding a significant share of the states market.
Business Standard
18 hours ago
- Business
- Business Standard
G M Breweries standalone net profit rises 3.69% in the June 2025 quarter
Sales rise 6.86% to Rs 162.86 croreNet profit of G M Breweries rose 3.69% to Rs 25.86 crore in the quarter ended June 2025 as against Rs 24.94 crore during the previous quarter ended June 2024. Sales rose 6.86% to Rs 162.86 crore in the quarter ended June 2025 as against Rs 152.40 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 7 OPM %18.9720.64 -PBDT35.7634.82 3 PBT34.5633.32 4 NP25.8624.94 4 Powered by Capital Market - Live News
Business Standard
a day ago
- Business
- Business Standard
Nifty trades above 25,100 level; PSU Bank shares climb
The key equity benchmarks continued to trade with minor gains in morning trade, supported by mild buying interest and favourable domestic data. Investors are assessing the domestic economic data, the tariff development, and ongoing corporate earnings. Nifty hovered above the 25,100 level. PSU Bank shares witnessed buying demand for second consecutive trading session. At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 85.72 points or 0.10% to 82,342.16. The Nifty 50 index added 31.10 points or 0.13% to 25,114.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.25% and the S&P BSE Small-Cap index added 0.68%. The market breadth was strong. On the BSE, 2,498 shares rose and 1,101 shares fell. A total of 204 shares were unchanged. GM Breweries (up 0.24%), HDB Financial Services(down 0.07%), HDFC Life Insurance company (up 0.37%), Himadri Special Chemicals(up 1.99%), ICICI Lombard General Insurance(up .04%), ICICI Prudential Insurance(down 0.39%), Just Dial (up 2.20%) will declare their results alter today. Economy: Indias retail inflation, measured by the Consumer Price Index (CPI), cooled to a multi-year low of 2.10% in June 2025, thanks to a sharp dip in food prices. The data, released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, 14 July 2025, marks the lowest year-on-year inflation rate since January 2019. For comparison, CPI inflation stood at 2.82% in May 2025 and 5.08% in June 2024. Buzzing Index: The Nifty PSU Bank index rose 1.36% to 7,172.85. The index jumped 2.09% for the two consecutive trading sessions. Punjab & Sind Bank (up 1.99%), UCO Bank (up 1.17%), State Bank of India (up 1.07%), Punjab National Bank (up 0.85%), Indian Overseas Bank (up 0.83%), Bank of Maharashtra (up 0.77%), Bank of Baroda (up 0.69%), Canara Bank (up 0.42%), Central Bank of India (up 0.42%) and Bank of India (up 0.16%) jumped. Stocks in Spotlight: RailTel Corporation of India rose 1.93% after the company secured an order worth Rs 264 crore from East Central Railway for the implementation of the Kavach system, the indigenous Train Collision Avoidance System (TCAS). MIC Electronics jumped 2.91% after the company has received a letter of acceptance (LoA) worth Rs 1.28 crore from the Palakkad division S and T, railway divisional office, Kerala.
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Business Standard
a day ago
- Business
- Business Standard
Stocks to Watch today, July 15: HCL Tech, Rallis India, Tata Tech, LIC
Stocks to watch today, July 15: The Indian stock market is expected to remain rangebound with a slight positive bias, as investors adopt a cautious wait-and-watch approach. At 7:20 AM, GIFT Nifty futures were trading at 17 points higher at 25,169, indicating a flat start. Markets started the week on a weak tone as the beginning of the first quarter earnings season for the financial year 2025-2026 failed to impress investors. Global markets remained largely flat with the S&P 500 index settling at 6,268, up by just 0.14 per cent. The Dow Jones Industrial Average followed suit and concluded the trading session at 44,459, up by 0.20 per cent. Meanwhile, markets in the Asia-Pacific region signalled mixed performance, albeit with a positive bias. Japan's Nikkei was trading largely flat, quoting 39,475, up by just 15 points. Hang Seng witnessed a much sharper rise and was up by 336 points, trading at 24,538. Kospi, however, was trading lower by 0.19 per cent, at 3,195. D-street analysts are expecting the consolidation phase to continue as investors await key developments on the India-US trade deal front. Besides, stock-specific action will remain in focus as companies announce their quarterly earnings. Track Stock Market LIVE Updates Q1FY26 Earnings today GM Breweries, Hathway cable and datacom, HDFC life insurance, Just Dial, Bank of Maharashtra, ICICI Prudential Life Insurance and Swaraj Engines are among the top companies set to announce their results on June 15, 2025. Here is a list of stocks to watch today: Rallis India: The Tata Group's agri business reported strong performance in the first quarter of the financial year 2025-2026 (Q1FY26), with revenue rising 22 per cent to ₹957 crore compared to ₹783 crore reported in Q1FY25. The profit after tax (PAT) figure nearly doubled to ₹95 crore from ₹48 crore reported in the corresponding period of the last fiscal year. 'Market placement during the first quarter of the year benefited from an early onset of monsoon. Global demand has also started showing signs of recovery in a few of our products," the company management stated in an exchange filing. HCL Tech: The IT giant reported revenue of ₹30,349 crore in Q1, up 0.3 per cent quarter-on-quarter (Q-o-Q) and 8.2 per cent year-on-year (Y-o-Y). However, the net profit figure witnessed a decline of 10 per cent to ₹3,843 crore in Q1FY26 from ₹4,257 crore reported in the corresponding quarter of the previous fiscal. In constant currency terms, revenue declined 0.8 per cent Q-o-Q but grew 3.7 per cent Y-o-Y. Meanwhile, the company is expecting 3-5 per cent Y-o-Y revenue growth in constant currency terms. Tata Technologies: The Tata group firm reported total operating revenue of ₹1,244 crore in Q1FY26, marking a 3.2 per cent decline on a Q-o-Q basis. The services segment contributed ₹963 crore, with revenue in USD terms at $112.5 million. That apart, operating Ebitda stood at ₹200 crore, with an Ebitda margin of 16.1 per cent. Net income for the quarter came in at ₹170 crore, reflecting a 5.1 per cent increase. LIC (Life Insurance Corporation of India): The company announced in a recent exchange filing that R Doraiswamy has been appointed as the new chief executive officer and managing director (CEO & MD) for a period of three years, replacing Sat Pal Bhanoo. Tejas Networks: The company reported a sharp decline in performance levels for Q1FY26. Revenue fell about 87 per cent to ₹202 crore compared to ₹1,563 crore reported in Q1FY25. The company posted a net loss of ₹194 crore, as against a profit of ₹77.4 crore recorded in the same quarter of the previous fiscal year. Our shortfall in revenue was due to delays in the receipt for a few purchase orders, including the expansion order from BSNL," Arnob Roy, COO of the company, stated in an exchange filing. Rail Vikas Nigam Limited (RVNL): In a recent exchange filing, the company stated that it has received a Letter of Acceptance (LOA) from Delhi Metro Rail Corporation Ltd. for the construction of a 7.298 km viaduct, including seven station platforms, under the Delhi MRTS Phase-IV Project. The total project cost, as per the exchange filing, is ₹447.42 crore. That apart, the estimated period of execution is 36 months. Power Mech Projects: The company informed the stock exchanges that it has secured two new orders worth a total of ₹550 crore. The first is a ₹498.39 crore contract from SJVN Thermal for commissioning support and maintenance of the 2x660 MW coal-based supercritical Buxar Thermal Power Project in Chausa, Buxar district, Bihar. The second order is worth ₹52.96 crore from Jhabua Power Ltd. for operation and maintenance of the boiler, turbine, and generator of the 1x600 MW unit at Jhabua Power's facility in Seoni district, Madhya Pradesh. AstraZeneca: The pharma company has received approval from the Central Drugs Standard Control Organisation to import and sell Durvalumab (Imfinzi). The drug is used in treating muscle-invasive bladder cancer (MIBC) in adult patients. Brigade Enterprises: The company informed the bourses that the board of directors, in its meeting held on Monday, July 14, 2025, has approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, in one or more tranches, for raising up to ₹1,500 crore. Oberoi Realty: The real estate firm informed the bourses that the resolution plan submitted by its consortium, along with Shree Naman Developers and JM Financial Properties, has been approved by the Committee of Creditors of Hotel Horizon (HHML). The plan includes a payment of ₹919 crore towards full and final settlement of claims against HHPL, including unpaid CIRP costs, to be made within 45 days of NCLT approval. Sun Pharmaceuticals: The pharma company has reached a settlement and license agreement with Incyte Corporation over a US lawsuit related to LEQSELVI (deuruxolitinib). Both companies will drop the ongoing case and release all current and potential claims against each other. As part of the deal, Incyte will give Sun Pharma a non-exclusive license to use deuruxolitinib in the US for certain non-hematology-oncology indications, including alopecia areata. Sun Pharma will make an upfront payment and pay royalties until the patents expire.
Business Standard
11-06-2025
- Business
- Business Standard
Sula Vineyards, GM Breweries soar as Maharashtra spares wine and beer from excise duty hike
Shares of Sula Vineyards jumped 13%, while GM Breweries soared 18%, after the Maharashtra government announced a sharp hike in state excise duties, excluding wine and beer from the increase. The state hiked excise duty on Indian-made foreign liquor (IMFL) by over 50%, a move that is expected to push retail prices up by more than 60%. Country liquor and imported premium liquor were not spared either, with their retail prices likely to rise by 14% and 25% respectively. However, in a major relief for consumers and certain manufacturers, beer and wine have been left out of the duty hike. Additionally, the government introduced a new category called Maharashtra-made liquor (MML), which will also enjoy exemption from the revised duties. The policy shift triggered strong buying in stocks with significant exposure to the beer and wine segment. Investors saw this as a positive for companies like Sula Vineyards and GM Breweries, both of which are headquartered in Maharashtra and stand to benefit from the tax break. GM Breweries is engaged in the activities of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL). It is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share. Sula Vineyards is principally engaged in the business of manufacture, purchase and sale of premium wine and other alcoholic beverages.
