Globus Spirits Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 07:43 am EST
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Globus Spirits Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 5,924 million compared to INR 3,470.6 million a year ago. Revenue was INR 8,103.7 million compared to INR 5,471.9 million a year ago. Net income was INR 269.4 million compared to INR 305.1 million a year ago. Basic earnings per share from continuing operations was INR 9.35 compared to INR 10.6 a year ago. Diluted earnings per share from continuing operations was INR 9.35 compared to INR 10.6 a year ago.
For the nine months, sales was INR 15,681 million compared to INR 10,997.9 million a year ago. Revenue was INR 21,306 million compared to INR 16,944.3 million a year ago. Net income was INR 863.6 million compared to INR 1,386.6 million a year ago. Basic earnings per share from continuing operations was INR 29.99 compared to INR 48.16 a year ago. Diluted earnings per share from continuing operations was INR 29.99 compared to INR 48.16 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.