Mohan Meakin Limited is a well-known Indian company that has been operating for over 150 years. The company has a rich history and is primarily involved in the manufacture and sale of various alcoholic beverages and industrial chemicals such as hydrogen peroxide, sulphuric acid beer, whisky, rum, and brandy. The company's popular brands include Old Monk Rum, Golden Eagle Beer, and Solan No. 1 Whisky.
Mohan Meakin Limited's Q3FY23 results indicate a significant increase in revenue and profit compared to the previous year's results. The company's revenue for the quarter was ₹659.50 Cr, up from ₹306.78 Cr in the previous quarter, resulting in a 115% increase. The company's total revenue for the nine months ended December 31, 2022, was ₹1312.14 Cr, up from ₹939.93 Cr in the same period in the previous year.
The company's expenses for the quarter were ₹620.71 Cr, up from ₹291.38 Cr in the previous quarter, resulting in an increase of 113%. The expenses were mainly due to the increase in "Excise Duty, Purchase of stock-in-trade and Other Expenses." Despite the increase in expenses, the company's profit after tax (PAT) for the quarter was ₹29.01 Cr, up from ₹14.02 Cr in the previous quarter, resulting in a 106% increase.
The company's earnings per share (EPS) for the quarter were ₹34.10, up from ₹16.49 in the previous quarter, resulting in a 107% increase. The company's net worth for the quarter was ₹259.24 Cr, up from ₹230.23 Cr in the previous quarter.
The company's performance in Q3FY23 is a positive indication for its investors, and it shows that the company is moving in the right direction. Mohan Meakin current share price is around 1320 per share in unlisted markets of India, which may be an indicator of positive sentiment among investors. The current Share Price of Mohan Meakin is around Rs. 1350/per share in the Unlisted Market of India.