Globus Spirits Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 04:17 am EST
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Globus Spirits Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 5,671.63 million compared to INR 4,802.86 million a year ago. Revenue was INR 7,429.79 million compared to INR 6,355.54 million a year ago. Net income was INR 130.57 million compared to INR 221.17 million a year ago. Basic earnings per share from continuing operations was INR 4.53 compared to INR 7.69 a year ago. Diluted earnings per share from continuing operations was INR 4.5 compared to INR 7.69 a year ago.
For the six months, sales was INR 11,372.53 million compared to INR 9,757.05 million a year ago. Revenue was INR 14,958.33 million compared to INR 13,202.26 million a year ago. Net income was INR 518.37 million compared to INR 594.05 million a year ago. Basic earnings per share from continuing operations was INR 18 compared to INR 20.63 a year ago. Diluted earnings per share from continuing operations was INR 17.95 compared to INR 20.63 a year ago.
Globus Spirits Limited is an India-based company, which is primarily engaged in the business of the manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol, Hand Sanitizer and Franchise Bottling. Its business segments include manufacturing and consumer business. The Companyâs consumer products include Ghoomar, Heer Ranjha, Shahi, Goldee-Blue and Red, Globus Special Series GR8 Times, Rajputana, Globus Spirits Dry Gin, White Lace and TERAI India Dry Gin. The Companyâs manufacturing products include grain neutral alcohol, bioethanol, special denatured spirit, technical alcohol and fusel oil. Its manufacturing facilities spread across West Bengal, Bihar, Haryana, and Rajasthan. Its fully integrated plants facilitate the production of Rectified Spirit, Grain Neutral Alcohol (ENA), Value-priced Spirits, and Premium Spirits.