G M Breweries reported a 30.98% jump in net profit to Rs 25.92 crore on a 17.41% increase in revenue to Rs 153.66 crore in October-December of  FY23 over October-December of FY22.

• Shares of Shriram Pistons skyrocketed 9% on Acquiring Antolin Lighting
• Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban: Bandhan Bank, and Others
• India, Canada Hold Talks to Resume Trade Pact Negotiations

In the third quarter, the net profit rose by 14.69% and revenue increased by 8.32%. The profit before tax (PBT) stood at Rs 34.64 crore in December 2022, registering a growth of 31.01% against Rs 26.44 crore recorded in Q3FY22. Total expenses advanced 18.21% YoY to Rs 577.49 crore in Q3FY23. 

The company has to manufacture and market alcoholic beverages such as country liquor (CL) and Indian-made foreign liquor (IMFL). 

On BSE, G M Breweries’ shares go up 0.26% to Rs 600.15.