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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 3.66 % in the past year, decrease in net sales/revenue by -3.63 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 239.25 %. Marginal decrease of -94.89% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for GM Breweries Limited. Notable increase of 25.26 % in net profit Year to Year, GM Breweries Limited’s profitability dropped by -71.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.18 % Year to Year. EPS decreased by -76.96 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 579.39 Cr | Rs. 623.24 Cr | Rs. 600.59 Cr | -3.63 % | + 3.66 % |
| Expenses | Rs. 552.33 Cr | Rs. 598.03 Cr | Rs. 569.14 Cr | -4.83 % | + 3.04 % |
| Operating Profit | Rs. 27.06 Cr | Rs. 25.21 Cr | Rs. 31.45 Cr | + 24.75 % | + 16.22 % |
| OPM % | 4.67 % | 4.04 % | 5.24 % | + 1.2 % | + 0.57 % |
| Other Income | Rs. 1.07 Cr | Rs. 71.09 Cr | Rs. 3.63 Cr | -94.89 % | + 239.25 % |
| Interest | Rs. 0.02 Cr | Rs. 0.16 Cr | Rs. 0.26 Cr | + 62.5 % | + 1200 % |
| Depreciation | Rs. 1.5 Cr | Rs. 1.63 Cr | Rs. 1.5 Cr | -7.98 % | + 0 % |
| Profit before tax | Rs. 26.61 Cr | Rs. 94.51 Cr | Rs. 33.32 Cr | -64.74 % | + 25.22 % |
| Tax % | 25.18 % | 8.33 % | 25.15 % | + 16.82 % | -0.03 % |
| Net Profit | Rs. 19.91 Cr | Rs. 86.64 Cr | Rs. 24.94 Cr | -71.21 % | + 25.26 % |
| EPS in Rs | Rs. 10.9 | Rs. 47.4 | Rs. 10.92 | -76.96 % | + 0.18 % |
Today, we’re looking at GM Breweries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.66 %. However, it did see a marginal slip of -3.63 % from the previous quarter. Expenses decreased slightly by -4.83 % quarter-on-quarter, aligning with the annual rise of 3.04 %. Operating profit, while up 16.22 % compared to last year, faced a quarter-on-quarter increase of 24.75 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.57 %, but an expansion of 1.2 % sequentially. Other income fell by -94.89 % compared to the last quarter, despite an annual growth of 239.25 %. Interest expenses surged remarkably by 62.5 % from the previous quarter, yet the year-over-year increase remains at a moderate 1200 %. Depreciation costs fell by -7.98 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 25.22 % but saw a reduction from the preceding quarter by -64.74 %.
Tax expenses as a percentage of profits decreased slightly by -0.03 % compared to last year, with a more notable quarter-on-quarter increase of 16.82 %. Net profit rose by 25.26 % year-on-year but witnessed a -71.21 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0.18 % but a quarterly fall of -76.96 %. In summary, GM Breweries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 579.39 Cr | Rs. 623.24 Cr | Rs. 600.59 Cr | -3.63 % | + 3.66 % |
| Expenses | Rs. 552.33 Cr | Rs. 598.03 Cr | Rs. 569.14 Cr | -4.83 % | + 3.04 % |
| Operating Profit | Rs. 27.06 Cr | Rs. 25.21 Cr | Rs. 31.45 Cr | + 24.75 % | + 16.22 % |
| Net Profit | Rs. 19.91 Cr | Rs. 86.64 Cr | Rs. 24.94 Cr | -71.21 % | + 25.26 % |
| EPS in Rs | Rs. 10.9 | Rs. 47.4 | Rs. 10.92 | -76.96 % | + 0.18 % |
In reviewing GM Breweries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.66 % year-on-year growth, although there was a slight dip of -3.63 % from the previous quarter. Expenses rose by 3.04 % compared to the previous year, with a decrease of -4.83 % quarter-on-quarter. Operating Profit surged by 16.22 % annually, and saw a 24.75 % increase from the last quarter.
Net Profit showed yearly increase of 25.26 %, and experienced a -71.21 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0.18 % annually, however dipped by -76.96 % compared to the last quarter. In essence, while GM Breweries Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
