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HomeMarket NewsExplained: Why Som Distilleries shares fell nearly 12% today
Som Distilleries and Breweries Ltd shares dropped 11.7% after weak Q3 results with net profit down 76% to ₹4.6 crore and revenue falling 16.8% to ₹250.5 crore.
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Shares of Som Distilleries and Breweries fell as much as 11.7% on Wednesday, February 11, after the company reported a weak Q3 performance a day earlier.
For the December quarter, the premium liquor and beer manufacturer posted a 76% drop in its net profit to ₹4.6 crore from ₹19.2 crore in the year-ago period. Its revenue was down 16.8% year-on-year to ₹250.5 crore from ₹301.1 crore in Q3FY25.
EBITDA also fell 45.4% YoY, reaching ₹19.9 crore from ₹36.4 crore in the previous year, while the EBITDA margin stood at 7.9%, compared to 12% last year.
The stock fell to intraday lows of ₹84.85 apiece in early trading, slightly above its 52-week low of ₹83.50/share.
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However, the shares have since pared some of the losses and are currently trading about 888. The stock has lost nearly 42% in the past six months.
