Globus Spirits Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Globus Spirits Ltd reported a 5.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.5%.
- Its expenses for the quarter were down by 5.5% QoQ and 10.2% YoY.
- The net profit decreased 68.0% QoQ and decreased 99.1% YoY.
- The earnings per share (EPS) of Globus Spirits Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 604.27 | 640.08 | 690.36 | -5.6% | -12.5% |
Total Expenses | 603.11 | 637.99 | 671.25 | -5.5% | -10.2% |
Profit Before Tax | 1.16 | 2.09 | 19.12 | -44.5% | -93.9% |
Tax | 0.75 | 0.80 | -25.01 | -6.3% | -103.0% |
Profit After Tax | 0.41 | 1.28 | 44.13 | -68.0% | -99.1% |
Earnings Per Share | 0.10 | 0.50 | 15.30 | -80.0% | -99.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Globus Spirits Ltd is a prominent company in the alcoholic beverages industry, primarily engaged in the production and sale of spirits. The company is known for offering a range of alcoholic products, including Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL), and bulk alcohol. In addition to its core business of manufacturing and marketing alcoholic beverages, Globus Spirits also engages in the production of Extra Neutral Alcohol (ENA), which is a key raw material for the alcoholic beverages industry. As of the last update, there are no specific recent major developments available for this company.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Globus Spirits Ltd reported a total income of ₹604.27 crores. This marks a decrease of 5.6% from the previous quarter (Q2FY25) where the total income was ₹640.08 crores. Comparing year-over-year, the total income saw a decline of 12.5% from Q3FY24, when it was ₹690.36 crores. This downward trend in revenue over both the quarter and the year might reflect changes in market conditions, consumer demand, or other operational factors impacting the company's sales.
Profitability
For Q3FY25, Globus Spirits Ltd's profit before tax stood at ₹1.16 crores, showing a significant drop of 44.5% from the previous quarter (Q2FY25) where it was ₹2.09 crores. On a year-over-year basis, the decline is more pronounced, with a 93.9% decrease from Q3FY24 when the profit before tax was ₹19.12 crores. The profit after tax for Q3FY25 was ₹0.41 crores, representing a 68.0% decrease from the previous quarter and a 99.1% decrease from the same quarter last year. This substantial reduction in profitability is also reflected in the earnings per share, which was ₹0.10 in Q3FY25, down from ₹0.50 in Q2FY25 and ₹15.30 in Q3FY24.
Operating Metrics
The total expenses for Q3FY25 amounted to ₹603.11 crores, which is a decrease of 5.5% from the previous quarter's expenses of ₹637.99 crores. When compared year-over-year, the total expenses decreased by 10.2% from Q3FY24 when they were ₹671.25 crores. The tax expense for Q3FY25 was ₹0.75 crores, slightly down by 6.3% from Q2FY25, and the year-over-year change shows a dramatic difference from Q3FY24 when the tax was negative at -₹25.01 crores. This shift in tax expenses could be attributed to changes in tax policy or adjustments in the company's tax liabilities. Earnings per share have also experienced a significant decline, indicating the impact of reduced profitability on shareholder value.
