Globus Spirits has revised the meeting of the Board of Directors which was scheduled to be held on 6 February 2023. The meeting will now be held on 14 February 2023.

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Globus Spirits will hold a meeting of the Board of Directors of the Company on 6 February 2023.

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Profit before tax fell 58.8% to Rs 31.6 crore in Q2 FY23 as compared to Rs 76.5 crore in Q2 FY22.

EBITDA declined 47.4% to Rs 47 crore in Q2 FY23 as against Rs 89.3 crore in Q2 FY22.

Total expense rose 47.9% YoY to Rs 435.4 crore in Q2 FY23. Cost of raw material consumed stood at Rs 282.9 crore (up 43.4% YoY) and employee expenses stood at Rs 13.7 crore (up 27.9% YoY). Finance cost up 5.1% to Rs 2.5 crore during the period under review.

Net cash generated from operating activities stood at Rs 6.29 crore in six months ended 30 September 2022 compared with Rs 137.87 crore in six months ended 30 September 2021.

Globus Spirits is primarily engaged in the business of manufacturing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol, Hand Sanitizer and Franchise Bottling.

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Net profit of Globus Spirits declined 57.84% to Rs 22.14 crore in the quarter ended September 2022 as against Rs 52.51 crore during the previous quarter ended September 2021. Sales rose 25.66% to Rs 480.29 crore in the quarter ended September 2022 as against Rs 382.22 crore during the previous quarter ended September 2021.

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