trending Market Intelligence /marketintelligence/en/news-insights/trending/KHL-LttNKYXTBdPmlRkNsA2 content esgSubNav
In This List

Globus Spirits fiscal Q1 profit falls YOY

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: October Edition

Blog

ESG & Technology: Impacts and Implications


Globus Spirits fiscal Q1 profit falls YOY

Globus Spirits Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 31 Indian paise per share, a decline of 89.6% from 2.94 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.4 million rupees, a decrease of 83.7% from 82.2 million rupees in the year-earlier period.

The normalized profit margin dropped to 1.0% from 6.0% in the year-earlier period.

Total revenue grew on an annual basis to 1.41 billion rupees from 1.38 billion rupees, and total operating expenses grew 10.0% from the prior-year period to 1.36 billion rupees from 1.24 billion rupees.

Reported net income declined 76.7% from the prior-year period to 21.5 million rupees, or 49 paise per share, from 92.1 million rupees, or 3.29 rupees per share.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.