Introduction:
Alcohol stock reported a 1.4% rise in Q3 FY24 revenue, but net profit dropped 67.9% due to higher expenses and tax costs. Despite steady income growth, increasing excise duty and operational costs impacted profitability, reflecting ongoing industry challenges.
Share Price movement of Globus Spirits:
On February 12, 2025, Globus Spirits Limited opened at ₹862.05, reaching a high of ₹913.00 , up 5.99% from its previous close of ₹861.35 and a low of ₹820.00. Currently, it is trading at ₹876.85, with a market cap of ₹2,533.07 crore.
Globus Spirits Q3 Results:
Globus Spirits reported a marginal revenue increase in Q3 FY24, with revenue from operations rising by 1.4% to ₹88,296.14 lakh from ₹87,069.48 lakh in Q3 FY23. However, total income grew by only 1.6% to ₹88,519.48 lakh, reflecting limited growth in other income sources.
Total expenses increased by 1.4% to ₹88,403.75 lakh, driven by a 5.5% rise in excise duty and higher employee benefit expenses. Despite this, finance costs rose slightly to ₹1,025.13 lakh, while depreciation costs remained stable. These increased costs impacted the company’s profitability for the quarter.
Net profit declined significantly by 67.9% to ₹41.12 lakh from ₹128.31 lakh in Q3 FY23, reflecting weaker operational efficiency. Higher tax expenses and lower operating margins contributed to this decline, underscoring challenges in sustaining profitability despite steady revenue growth.
Also Read: Tata Group stock falls 5% after reporting 84.14% QoQ decline in net profits
Stock performance of Globus Spirits for Period of 1 week, 6 months and 1 year:
Globus Spirits’ stock has shown mixed performance over different periods. In the past week, it declined by 8.50%. Over the last six months, it recorded a modest gain of 0.90%. However, over the past year, the stock delivered a solid 8.03% return, indicating overall stability.
Also Read: Ethanol stock under ₹30 fall 5% after reporting ₹100 Cr loss against ₹20.3 Cr profit previous year
Shareholding pattern of Globus Spirits:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 50.86 | 50.9 | 50.9 |
| FII | 6 | 5.56 | 4.76 |
| DII | 5.31 | 5.95 | 1.11 |
| Retail & others | 37.82 | 37.59 | 43.24 |
About Globus Spirits:
Globus Spirits Ltd (BSE: GLOBUSSPR) is a leading Indian manufacturer of alcoholic beverages, specializing in country liquor, Indian-made foreign liquor (IMFL), and ethanol production. The company operates multiple distilleries, catering to both consumer markets and industrial ethanol demand, supporting India’s growing biofuel and liquor industries.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
