GM Breweries announces dividend of Rs. 3

The Board of Directors of GM Breweries Limited has recommended a dividend at the rate of 30 per cent, i.e., Rs. 3.00 per share. The payment of the dividend is subject to the approval of members at the upcoming AGM.

The company’s financial performance for the quarter ended March 2019 registered total revenue from operations of Rs. 437.80 crore in Q4CY18 from Rs. 420.36 crore in Q4CY17, posting a YoY growth of 4.14 per cent. EBITDA dropped to Rs. 27.92 crore in Q4CY18 from Rs. 33.26 crore in Q4CY17, thereby sinking 16.06 per cent. Profit for the period decreased marginally to Rs. 24.32 crore in Q4CY18 from Rs. 24.67 crore in Q4CY17, registering a drop of 1.42 per cent. EPS spiralled to Rs. 13.30 in Q4CY18 from Rs. 16.87 in Q4CY17, posting a fall of 21.16 per cent.

The stock performance of GM Breweries has been negative in the short-medium term. It generated negative returns of 0.47 per cent and 5.12 per cent in 1 month and 3 months, respectively. Its returns picked up slightly to 1.86 per cent in the last 6 months. However, the company’s 1-year and 3-years returns stand at negative 44.12 per cent and 44.03 per cent, respectively. Contrarily, its 5-year returns stand at 309.28 per cent.

On Friday, the shares of G M Breweries opened at Rs. 619.00, and hit a high and low of Rs. 620.00 and Rs. 604.00, respectively. At 9:53 am, the stock was trading at Rs. 612.55, up 0.99 per cent.