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Globus Spirits Ltd Q2FY24; 41% fall in Profits

Globus Spirits Limited, established in 1992 is primarily engaged in the business of manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol hand sanitizer, and Franchise Bottling. It has a unique 360⁰ model straddling across the entire alcohol value chain. It is the 1st to set up a grain distillery and launch branded DDGS in India.

Financial Results:

Globus Spirits Ltd reported Revenues for Q2FY24 of ₹567.00 Crores up from ₹480.00 Crore year on year, a rise of 18.12%.

Total Expenses for Q2FY24 of ₹553.00 Crores up from ₹451.00 Crores year on year, a rise of 22.62%.

Consolidated Net Profit of ₹13.00 Crores down 40.91% from ₹22.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.53, down 41.09% from ₹7.69 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Liquor
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