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Globus Spirits fiscal Q3 profit falls YOY

Globus Spirits Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 3 Indian paise per share, a gain of 6.3% from 2 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 706,880 rupees, a decrease of 9.1% from 777,500 rupees in the prior-year period.

The normalized profit margin dropped to 0.0% from 0.1% in the year-earlier period.

Total revenue grew 25.9% year over year to 1.55 billion rupees from 1.23 billion rupees, and total operating expenses climbed 25.9% on an annual basis to 1.52 billion rupees from 1.21 billion rupees.

Reported net income rose 15.1% on an annual basis to 1.1 million rupees, or 4 paise per share, from 983,000 rupees, or 3 paise per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.