GM Breweries Declares ₹9 Dividend Amid 10.6% Profit Decline
GM Breweries Announces Dividend Of Rs 9 Per Share; Profit Falls 10%
Ndtv
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GM Breweries Ltd. has declared a final dividend of ₹9 per share for the fiscal year ending March 31, 2026. Despite a 10.6% decline in net profit to ₹54 crore, revenue surged by 19.5% to ₹202 crore due to increased sales, although higher tax expenses impacted profitability.
- 01GM Breweries announced a final dividend of ₹9 per share.
- 02Net profit fell by 10.6% to ₹54 crore compared to last year.
- 03Revenue increased by 19.5% to ₹202 crore.
- 04EBITDA rose significantly by 82.5% to ₹52.4 crore.
- 05Tax expenses nearly doubled to ₹14.1 crore.
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GM Breweries Ltd., a liquor manufacturer, has declared a final dividend of ₹9 per equity share for the fiscal year ending March 31, 2026. Despite this positive announcement, the company reported a 10.6% year-on-year decline in consolidated net profit, which fell to ₹54 crore from ₹60.5 crore last year. This decline occurred despite a robust performance in revenue, which increased by 19.5% to ₹202 crore, up from ₹169 crore in the same quarter last year. The company's EBITDA also saw a remarkable rise of 82.5%, reaching ₹52.4 crore. However, the increase in tax expenses, which nearly doubled to ₹14.1 crore from ₹7.9 crore, significantly impacted the bottom line. The record date for the dividend has yet to be announced.
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The dividend declaration may provide shareholders with immediate returns, while the profit decline highlights potential challenges for the company moving forward.
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