Globus Spirits Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 08:11 am EDT
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Globus Spirits Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 5,409.6 million compared to INR 4,793.7 million a year ago. Revenue was INR 6,997 million compared to INR 6,560.3 million a year ago. Net income was INR 358.4 million compared to INR 485.8 million a year ago. Basic earnings per share from continuing operations was INR 12.44 compared to INR 16.87 a year ago. Diluted earnings per share from continuing operations was INR 12.38 compared to INR 16.87 a year ago.
For the full year, sales was INR 21,090.6 million compared to INR 15,791.7 million a year ago. Revenue was INR 28,303 million compared to INR 23,504.6 million a year ago. Net income was INR 1,222 million compared to INR 1,872.5 million a year ago. Basic earnings per share from continuing operations was INR 42.43 compared to INR 65.01 a year ago. Diluted earnings per share from continuing operations was INR 42.39 compared to INR 65.01 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.