Tag: globus spirits

Indian equities hit fresh lifetime highs today(13th August 2021) despite subdued global cues. The S&P BSE Sensex claimed a new record high of 55,138 while the Nifty50 index zoomed to 16,462. Tata Consumer Products, Hindalco, TCS, Bajaj Auto, ITC, and BPCL were the top Nifty gainers In the broader markets, the BSE MidCap and SmallCap index were up 0.3 percent and 0.5 percent, respectively. Shares of Globus Spirits were locked in the upper circuit for the fifth straight trading day, up 5 percent at Rs 941, also its new high on the National Stock Exchange (NSE) today after the promoter and institutional investors bought a stake in the company through the open Read more

Shares of breweries and distilleries Globus Spirits shares gained 10 percent and hits a new high of Rs 584 on the National Stock Exchange (NSE) in intra-day trade on Friday. This stock zoomed nearly 53% in the last 5 sessions. The liquor company reported a more-than-double consolidated profit at Rs 50.63 crore in the March-ended quarter of the financial year 2020-2021 amid strong revenue, as compared to Rs 19.35 crore in the same period a year ago. The company's sales rose 31.37 percent to Rs 356.68 crore from Rs 271.51 crore during the same quarter of the previous year. For the full year, net profit was up 182 percent to Rs 140.84 crore against Rs 49.90 crore during the previous year. Ebitda (earnings before interest, taxes, depreciation, and amortization) margin grew by over 1140 bps YoY to 24.9 percent in Q4FY21 from 13.5 percent in Q4FY20, on account of a higher share of consumer business, and better realizations on ENA (Extra Neutral Alcohol) and ethanol. Read more