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Som Distilleries & Breweries Q1 Results From ₹15.87 Crore to ₹40.55 Crore Net Income

Som Distilleries & Breweries Q1 Results Reported Total Revenue of ₹1,012.71 crore, a rise from ₹487.15 crore in the previous quarter and Net Income increased to ₹40.55 crore, up from ₹15.87 crore.   

by Ruksana

Updated Oct 09, 2024

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Som Distilleries & Breweries Q1 Results From ₹15.87 Crore to ₹40.55 Crore Net Income

Som Distilleries & Breweries Q1 Results: The table shows the financial results of Som Distilleries & Breweries for the first quarter (Q1) of the fiscal year ending in June 2024. In this quarter, the total revenue reached ₹1,012.71 crore, which is a significant increase from ₹487.15 crore in the previous quarter (Q4 of March 2023). This shows that the company earned much more money from its sales.

Som Distilleries & Breweries’ total operating expenses also increased, rising to ₹954.60 crore from ₹457.59 crore in the last quarter. This means that the costs to run the business were higher, but the company still made a profit. Operating income grew to ₹58.11 crore from ₹29.56 crore, indicating better management of expenses and more effective business operations.

Som Distilleries & Breweries’ Net income, which is the profit after all expenses, rose sharply to ₹40.55 crore compared to ₹15.87 crore in the previous quarter. This shows that the company is becoming more profitable. The diluted normalized earnings per share (EPS) was ₹2.07, slightly up from ₹2.03. Overall, these results indicate that Som Distilleries & Breweries had a strong performance in Q1, reflecting significant growth in revenue and profit.

Here's the quarterly financial results summary for Som Distilleries and Breweries (Ord B) for Q1:

Metric

Jun 24 (Current Quarter)

Mar 23 (Previous Quarter)

QoQ Change (%)

Jun 23 (Same Quarter Last Year)

YoY Change (%)

Total Revenue

₹1,012.71 crore

₹487.15 crore

-

₹758.63 crore

-

Selling/General/Admin Expenses Total

₹10.97 crore

₹7.68 crore

-

₹8.18 crore

-

Depreciation/Amortization

₹6.07 crore

₹4.19 crore

-

₹4.27 crore

-

Other Operating Expenses Total

₹96.67 crore

₹50.56 crore

-

₹81.34 crore

-

Total Operating Expense

₹954.60 crore

₹457.59 crore

-

₹714.36 crore

-

Operating Income

₹58.11 crore

₹29.56 crore

-

₹44.26 crore

-

Net Income Before Taxes

₹56.04 crore

₹20.32 crore

-

₹42.70 crore

-

Net Income

₹40.55 crore

₹15.87 crore

-

₹33.67 crore

-

Diluted Normalized EPS

₹2.07

₹2.03

-

₹4.44

-

Source: Here 

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Som Distilleries & Breweries Q1 Results

Som Distilleries & Breweries made ₹38,404.39 million from sales in this quarter, which is much higher than the ₹24,858.44 million from the previous quarter. They also earned some money from other sources, totaling ₹3.81 million. This means the total income for the quarter was ₹38,408.20 million, a good increase from ₹25,915.05 million in the last quarter.

Som Distilleries & Breweries spent ₹35,000.52 million in total. A significant portion of this was on materials, costing ₹17,661.81 million. They also paid ₹8,727.84 million in state excise duties and had other expenses that added up to ₹5,885.91 million.

Som Distilleries & Breweries After subtracting expenses from income, the profit before tax was ₹3,407.68 million. After accounting for tax expenses of ₹1,005.42 million, the profit for this quarter was ₹2,402.26 million. The company’s earnings per share increased to ₹1.23, which is good news for shareholders, showing that the business is doing well.

Here's the financial summary you provided, presented in a clear and organized table format:

Particulars

3 Months Ended 30.06.2024 (Unaudited)

Preceding 3 Months Ended 31.03.2024 (Audited)

Corresponding 3 Months Ended 30.06.2023 (Unaudited)

Previous Year Ended 31.03.2024 (Audited)

Income

       

I. Revenue from Operations (Including State Excise Duties)

38,404.39

24,858.44

28,472.26

88,474.41

II. Other Income

3.81

1,056.61

82.12

1,180.92

III. Total Income

38,408.20

25,915.05

28,554.38

89,655.33

Expenses

       

a. Cost of Materials Consumed

17,661.81

16,014.78

14,958.65

49,435.56

b. Purchases of Stock-in-Trade

-

-

-

-

c. Changes in Inventories of Finished Goods, Stock-in-Trade, and Work-in-Progress

1,792.23

(1,371.50)

(617.50)

(1,510.10)

d. State Excise Duties

8,727.84

3,163.34

5,757.08

15,179.63

e. Employee Benefits Expenses

476.62

528.89

377.46

1,833.51

f. Finance Costs

143.91

189.17

198.37

719.67

g. Depreciation and Amortisations

312.20

306.16

225.75

1,152.91

h. Other Expenses

5,885.91

4,638.26

5,138.88

16,144.16

IV. Total Expenses

35,000.52

23,469.10

26,038.69

82,955.34

V. Profit/(Loss) Before Exceptional Items and Tax (III - IV)

3,407.68

2,445.95

2,515.69

6,699.99

VI. Exceptional Items

-

-

-

-

VII. Profit/(Loss) Before Tax (V - VI)

3,407.68

2,445.95

2,515.69

6,699.99

VIII. Tax Expense

1,005.42

1,070.06

578.60

1,983.21

IX. Profit/(Loss) for the Period (VII - VIII)

2,402.26

1,375.89

1,937.09

4,716.78

X. Other Comprehensive Income

-

(0.90)

-

(0.90)

XI. Total Comprehensive Income for the Period (IX + X)

2,402.26

1,374.99

1,937.09

4,715.88

Earnings Per Equity Share (Face Value of Rs. 2/- each)

       

XII. Basic (in Rs.)

1.23

0.71

1.02

0.98

XII. Diluted (in Rs.)

1.23

0.71

1.02

0.98

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Som Distilleries & Breweries Financial Metrics

Som Distilleries & Breweries’ current price of its shares is ₹114, with a high of ₹150 and a low of ₹84.5 over a certain period, indicating price fluctuations. The stock's P/E ratio is 23.6, suggesting investors pay ₹23.6 for every ₹1 of earnings. The book value per share is ₹29.0. The company does not offer dividends, but it has good returns on capital (19.4%) and equity (18.4%), showing it effectively uses its resources.

Here’s a simplified overview of the company's financial metrics based on the provided information:

Financial Metric

Value

Market Cap

₹ 2,201 Cr.

Current Price

₹ 114

High Price

₹ 150

Low Price

₹ 84.5

Stock P/E

23.6

Book Value

₹ 29.0

Dividend Yield

0.00%

ROCE

19.4%

ROE

18.4%

Face Value

₹ 2.00

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Quarterly Results 

The table for Som Distilleries & Breweries shows financial data for three quarters: December 2023, March 2024, and June 2024. In December 2023, the company made sales of Rs. 266 Crores and had expenses of Rs. 235 Crores, resulting in an operating profit of Rs. 32 Crores and a net profit of Rs. 18 Crores. By March 2024, sales increased to Rs. 382 Crores, with expenses rising to Rs. 340 Crores, leading to an operating profit of Rs. 42 Crores and a net profit of Rs. 20 Crores. In June 2024, sales peaked at Rs. 513 Crores, expenses rose to Rs. 449 Crores, resulting in an operating profit of Rs. 64 Crores and a net profit of Rs. 41 Crores. 

Here’s the table showing only the data for December 2023, March 2024, and June 2024:

Particulars

Dec 2023

Mar 2024

Jun 2024

Sales (+)

266

382

513

Expenses (+)

235

340

449

Operating Profit

32

42

64

OPM %

12%

11%

13%

Other Income (+)

0

4

1

Interest

3

3

3

Depreciation

6

6

6

Profit Before Tax

24

36

56

Tax %

24%

45%

28%

Net Profit (+)

18

20

41

EPS in Rs

0.93

1.03

2.09

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About Som Distilleries & Breweries 

Som Distilleries & Breweries is an Indian company known for making beer and Indian-made foreign liquor. It was founded on March 26, 1993, by J.K. Arora and A.K. Arora. The company started with a project to produce beer with an annual capacity of 100,000 hectolitres and to bottle liquor with a capacity of 54,000 hectolitres. Over the years, Som Distilleries has expanded its production capabilities and introduced various beer brands, including Hunter Extra Strong and Legend Premium Beer.

Som Distilleries & Breweries have also ventured into different markets, such as Goa and several states in India. The company focuses on innovation, launching new products like ready-to-drink beverages and unique flavors. Som Distilleries is committed to quality and has received various awards for its products. It has become a zero-debt company, showing its financial strength and dedication to growth in the beverage industry.


Som Distilleries & Breweries Q1 Results- FAQs

1. What was the total revenue for Som Distilleries & Breweries in Q1 of 2024?  

Som Distilleries & Breweries reported a total revenue of ₹1,012.71 crore in Q1 of 2024.

2. How much did Som Distilleries & Breweries earn in net income for Q1 2024?

Som Distilleries & Breweries achieved a net income of ₹40.55 crore in Q1 2024.

3. What are the total operating expenses for Som Distilleries & Breweries in Q1 2024?

The total operating expenses for Som Distilleries & Breweries in Q1 2024 were ₹954.60 crore.

4. How did Som Distilleries & Breweries' revenue compare to Q4 of 2023?

Som Distilleries & Breweries’ revenue increased from ₹487.15 crore in Q4 2023 to ₹1,012.71 crore in Q1 2024.

5. What was the profit before tax for Som Distilleries & Breweries in Q1 2024?

The profit before tax for Som Distilleries & Breweries in Q1 2024 was ₹56.04 crore.

6. How much did Som Distilleries & Breweries spend on materials in Q1 2024?

Som Distilleries & Breweries spent ₹17,661.81 million on materials in Q1 2024.

7. What was the total income for Som Distilleries & Breweries in Q1 2024?

The total income for Som Distilleries & Breweries in Q1 2024 was ₹38,408.20 million.

8. How much did Som Distilleries & Breweries earn from other sources in Q1 2024?

Som Distilleries & Breweries earned ₹3.81 million from other sources in Q1 2024.

9. What was the year-on-year change in net income for Som Distilleries & Breweries in Q1 2024?  

Som Distilleries & Breweries' net income increased from ₹15.87 crore in Q4 2023 to ₹40.55 crore in Q1 2024.

10. What was the profit margin for Som Distilleries & Breweries in Q1 2024?  

The profit margin for Som Distilleries & Breweries in Q1 2024 was approximately 3.99%

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