The result was announced after market hours yesterday, 10 October 2019.

The company's Profit Before Tax (PBT) fell 7.07% to Rs 23.25 crore in Q2 September 2019 over Q1 June 2019. The drop in PBT during the current quarter in comparison to the immediate preceding quarter could mainly be attributed to unprecedented rise in the cost of company's raw material namely rectified spirit. The net impact on account of increase in the average price of the rectified spirit was approximately Rs 6.52 crore, the firm said.

Meanwhile, the S&P BSE Sensex was up 286.59 points or 0.76% to 38,166.99.

On the BSE, 4,284 shares were traded in the counter so far compared with average daily volumes of 32,310 shares in the past two weeks. The stock hit a high of Rs 398 and a low of Rs 376.45 so far during the day.

The stock hit a 52-week high of Rs 777.85 on 02 Jan 2019. The stock hit a 52-week low of Rs 335.2 on 23 Aug 2019.

G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages; such as country liquor (CL) and Indian made foreign liquor (IMFL).

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G M Breweries will hold a meeting of the Board of Directors of the Company on 10 October 2019.

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Net profit of G M Breweries declined 26.68% to Rs 16.27 crore in the quarter ended June 2019 as against Rs 22.19 crore during the previous quarter ended June 2018. Sales rose 7.46% to Rs 118.63 crore in the quarter ended June 2019 as against Rs 110.39 crore during the previous quarter ended June 2018.

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Meanwhile, the S&P BSE Sensex was up by 15.22 points, or 0.04% to 39,923.28.

On the BSE, 11,000 shares were traded in the counter so far compared with average daily volumes of 4169 shares in the past two weeks. The stock had hit a high of Rs 489 so far during the day. It hit a 52-week high of Rs 922 on 5 July 2018. The stock has hit an intraday low of Rs 459.85, which also a 52-week low for the stock.

G M Breweries' net profit fell 26.7% to Rs 16.27 crore on a 7.5% rise in the net sales to Rs 118.63 crore in Q1 June 2019 over Q1 June 2018.

G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages such as country liquor (CL) and Indian made foreign liquor (IMFL).

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