The second wave hit Mohan Meakin, YoY performance roar on the weaker base Breweries maker Mohan Meakin has announced its earnings for the quarter that ended on June 30, 2021, after the company board met and approved the unaudited results. The net profit of the old monk maker more than trebled in the June 2021 quarter, as against a net profit of Rs 1.33 crore in the same quarter the previous year. Mohan Meakin is India’s oldest alcohol company and has its roots in the time when India was ruled by Britishers. Edward Dyer established the Brewery at Kasauli in 1855. He was India’s brewing pioneer who brought – modern beer. The company reported a rise of 34.7 percent in the income from operation to Rs 140.59 crore during the April-June quarter of 2021, which was Rs 104.23 crore in the year-ago quarter. The Revenue from the Alcoholic segment increased about 35.6 percent to Rs 135.54 crore from Rs 99.93 crore, whereas the contribution of the nonalcoholic segment rose about 17 percent to Rs 5.05 crore from Rs 4.31 crore. In the alcoholic segment, the company produces products like Whiskey, Beer, Brandies, and Rum. Old Monk is its most famous rum. It produces juices, mineral waters, vinegar, and breakfast foods under its non-alcoholic umbrella. It also manufactures glass bottles, small extracts and exports alcoholic beverages like beer, rum, whisky, brandy, and gin in various nations of the world. Mohan Meakin 80% sales come from Old Monk, the favorite rum of Indians and the world's third-largest selling rum. It also sells beer under the brand Lion, Golden Eagle, and Black Night Brand. They account for an 8% share in the segment. It had reported a profit before tax (PBT) of Rs 1.8 crore in the first quarter of the previous fiscal, which rallied about 300 percent to Rs 7.16 crore in the first quarter of the ongoing fiscal. On a sequential basis, the income of the company halved and net profit declined about a quarter. It had reported a topline of Rs 305.8 crore and a bottom line of Rs 7.09 crore in the March 2021 quarter. The second wave of lethal coronavirus pandemic and nationwide restrictions impacted the economy during the June 2021 quarter. However, the company's business and operations continued as per the government guidelines. The total expenses of Moham Meakin jumped about 32.6 percent to Rs 137.07 crore in the Q1FY2022 as compared to the expense of Rs 103.41 crore in the Q1FY2021. The brewery player reported an EPS of Rs 6.29 per share in the given quarter against an EPS of Rs 1.57 in the same quarter the previous year. The EPS stood at Rs 8.33 per share in Q4FY2021. The face value of each share is Rs 5.