GM Breweries is on a spirited rise today morning, up 5% and thus frozen on the upper circuit. The first company to declare its Q4 and FY13 numbers, the stock has zoomed up after posting very good numbers for FY13. The company, for FY13 posted a net sales of Rs.288 crore, up 12%. Operating costs rose 12% and that pulled down the net profit for the year, at Rs.13 crore, which was down 7%. In terms of Q4 performance, topline was down 9% (QoQ) but lower operating costs helped the company post a 21% rise in net profit ar Rs.2.57 crore.

 The company is engaged in the activities of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian made Foreign Liquor (IMFL). It  is the largest manufacturer of country liquor in the state of Maharashtra with a sizeable market share. Its brands are GM Santra, GM Limbu Punch, GM Dilbahar Sounf and GM Doctor. The company is essentially is a “country” liquor maker and thus has a huge customer base though margins are lower than the other big branded liquor companies, which is made up through higher volumes. The company ‘s equity base is at Rs.9.36 crore and reserves stands at Rs.86.36 crore. Promoters hold 73.12% stake.