Tilaknagar Industries stock zooms over 8% after repoting highest-ever surge in EBITDA

Shares of alcoholic beverages maker, Tilaknagar Industries company, rose to 8.5 per cent at the day's high after the company's earnings were announced on Monday. At the last count, shares traded over 2 per cent higher at Rs 245.8 per share. 

Tilaknagar Industries Q1 Results 2024

The company has posted a 55.69 per cent jump in its consolidated net profit during Q1FY25 to Rs 40.09 crore. Meanwhile, the revenue also surged 3.88 per cent to 664.86 crore. In terms of sales, performance rose 2.98 per cent to Rs 313.16 crore. The total expenses of the company increased 1.8 per cent to Rs 626.51 crore.

Furthermore, the company's EBITDA- a key profitability metric also clocked a healthy 31 per cent increase to Rs 50 crore, while the margin came in at 16 per cent as against 12.6 per cent reported in the same period last year.

What does Tilaknagar Industries do?

TI is a company that manufactures and sells a variety of products, including Indian-made foreign liquor (IMFL), gin, vodka, Scotch and other spirits.

Tilaknagar Industries' stock performance

In the last one year, the stock gained 17.94 per cent, while the Nifty50 index has given a return of 25.27 per cent during the same period.