Shares of this multibagger Dolly Khanna stock gained up to 2.60 percent on Monday after the company released results for the quarter ended September 2023. The after-tax figures of the company witnessed around 80 percent increase YoY, i.e., comparing Q2FY22-23 and Q2FY23-24.
With a market capitalization of Rs 2,633.42 crores, the stocks of Som Distilleries & Breweries Limited closed at Rs 339.75 on Monday. Comparing the intra-day high of Rs 355.30 with the previous closing levels, the company’s stock gained around 2.60 percent. The company, via a recent filing with the BSE, announced the financial results for Q2FY24.
On a YoY basis, the company managed to report an increase in prime business indicators with the operating revenues going up from Rs 268 crores during Q2FY22-23 to Rs 466 crores during Q2FY23-24. Moreover, the net profits of the company grew from Rs 8 crores to Rs 15 crores representing an increase of approximately 88 percent.
Sequentially, the company reported a dip in the numbers mentioned above with the operating revenues declining from Rs 759 crores during Q1FY23-24 to Rs 466 crores during Q2FY23-24, and, the net profits, during the same period, reducing from Rs 34 crores to Rs 15 crores.
Ms. Dolly Khanna, one of the well-known ace investors based in India, has invested in the company’s stock. She took an entry into the stock for the first time in March 2018 and currently, as per the quarter ended September 2023, she holds 8.73 lakh equity shares of the company equating to a 1.13 percent stake.
Year-to-date, the company’s stock has delivered multibagger returns of 190 percent to its shareholders, i.e., if someone had invested Rs 1 lakh into the stock during the start of January 2023, it would have converted to Rs 2.90 lakhs.
According to the shareholding data available for the latest quarter ending September 2023, the company’s Promoters hold a 34.5 percent stake, and the Foreign Institutional Investors hold a 0.86 percent stake in the company.
Som Distilleries & Breweries Limited is a company based in India that is involved in the business of brewing, canning, bottling, and blending alcoholic beverages. The company’s product portfolio includes beer, vodka, whiskey, etc. The core brands of the company comprise Woodpecker Beer, Hunter Beer, and many others.
Written by Amit Madnani
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