Hot Pursuit     01-Aug-23
Som Distilleries hits record high as Q1 PAT jumps 31 % YoY
Som Distilleries & Breweries gained 1.98% to Rs 340.15 after the company's consolidated net profit rose 31.2% to Rs 33.67 crore in Q1 FY24 from Rs 25.66 crore recorded in Q1 FY23.

Revenue from operations (excluding excise duty) stood at Rs 385.02 crore in Q1 FY24, registering a growth of 51.4% as against Rs 254.30 crore posted in Q1 FY23.

Profit before tax surged 51.8% year on year to Rs 42.70 crore in the quarter ended 30 June 2023.

Total expenses were at Rs 717.53 crore in the first quarter of FY24, up 74.44% on YoY basis. Cost of materials consumed was at Rs 245.33 crore (up 89.11% YoY) and employee benefits expense came in at Rs 818.36 crore (up 39.91% YoY) during the period under review.

EBIDTA jumped 40% to Rs 50.14 crore in Q1 FY24 as compared with Rs 35.89 crore recorded in Q1 FY23.

Som Distilleries and Breweries is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and Indian Made Foreign Liquor (IMFL). It also supplies draught beer from its plants.

The couter hit an all time high of Rs 360.50 in today's intraday session.

Previous News
  Indices edge lower in early trade; breadth strong
 ( Market Commentary - Mid-Session 20-Jun-24   09:39 )
  Som Distilleries board to mull fund raising on 8th July
 ( Hot Pursuit - 05-Jul-23   08:38 )
  Som Distilleries & Breweries standalone net profit rises 335.29% in the March 2023 quarter
 ( Results - Announcements 27-Apr-23   16:00 )
  Som Distilleries' brands achieve a market share of 20.1% in Karnataka
 ( Hot Pursuit - 15-Jun-23   14:14 )
  Exide Industries corrects on profit booking
 ( Hot Pursuit - 18-Nov-22   15:18 )
  SDBL gains as IMFL brands approved for supply in Rajasthan
 ( Hot Pursuit - 02-Aug-23   09:50 )
  Som Distilleries & Breweries updates on Karnataka operations
 ( Corporate News - 05-Feb-24   09:24 )
  Som Distilleries & Breweries fixes record date for interim dividend
 ( Market Beat - Reports 18-Nov-22   13:20 )
  Som Distilleries & Breweries reports consolidated net loss of Rs 4.97 crore in the March 2020 quarter
 ( Results - Announcements 29-Jun-20   08:07 )
  Som Distilleries & Breweries to hold board meeting
 ( Corporate News - 05-Jul-23   10:26 )
  Som Distilleries & Breweries to conduct EGM
 ( Corporate News - 18-Jan-24   13:47 )
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