Manpasand spurts up 15 per cent post Q3 results

The stock of Manpasand Beverage was buzzing in early morning trade on Tuesday. The company reported results for the quarter ended December 2018.

For Q3FY19, the company's revenue was at Rs. 164 crore as against Rs. 143.13 crore in the corresponding period last year, showing a growth of 14.25 per cent. EBITDA for Q3FY19 was at Rs. 37 crore as against Rs. 27 crore in Q3FY18, up 38.01 per cent. The company’s EBITDA margin improved to 22.24 per cent from 18.01 per cent in Q3FY18. Rural sales contribute to 58 per cent of Manpasand’s overall sales mix.

The company is placed under in Stage 1 of ASM Short Term framework as a pre-emptive surveillance measure by the market regulator SEBI. The company's auditor Deloitte Haskins & Sells India quit after the declaration of annual results for 2018. Later the company appointed Mehra Goel & Co as its auditor.

At 9:49 hours, the stock of Manpasand Beverages was quoting Rs. 118.30 per share, up by Rs. 15.10 or 14.63 per cent. The stock's upper circuit limit is placed at 20 per cent.