Som Distilleries & Breweries saw its shares drop 12% following the release of its Q4 financial results. As of 9:52 AM, the shares were trading 12.28% lower at Rs 138.90.
The company reported a net profit increase of 18.5%, reaching ₹23.7 crore compared to ₹20 crore in the same quarter last year. However, revenue declined by 11.2% to ₹339 crore from ₹381.6 crore in the previous year.
EBITDA remained largely unchanged at ₹41.8 crore. The company’s EBITDA margin improved slightly to 12.34% from 10.97% year-over-year.
Som Distilleries shares opened at 151.01, and, at the time of writing, reached a high of 151.90 and a low of 137.70 during the trading session. The stock is currently trading close to its 52-week high of 163.00. The stock remains well above the 52-week low of 95.61.
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