Business & Investment

Globus Spirits slipped 15% with weak results in the March quarter

Share After reporting the company’s disappointing March quarter (4th quarter of 2010), BSE fell 15% to Rs 1,005.85 on Wednesday trading. Interest, taxes, depreciation, and pre-amortization (EBITDA) margins shrank 720 basis points (bps) year-on-year (YoY) to 17.6%, but improved by 60 bps on a gradual basis.

The company’s net sales increased from 357 rupees to 479 rupees, up 34.4% year-on-year, due to the addition of new production capacity in West Bengal and the reopening of facilities in Haryana and Bihar. In addition, profit after tax (PAT) decreased by 9% from Rs 5.3 billion to Rs 4.9 billion in the quarter a year ago.



Over the past month, S & P BSE Sensex has fallen 5%, while equities have fallen 25% below the market. However, while the benchmark index rose 6%, it grew 210% in a year.

The company manufactures and Made india india (IMIL), made in India made in foreign countries (IMFL), bulk alcohol, and established IMFL brand contract bottling.

“Governor Reserve, Oakton and Telangana will be introduced in Haryana, followed by Telangana at the end of the first quarter or the beginning of the second quarter,” the company said.

The company expects a new capacity of 140 KLPD at its Jharkhand bottling plant to be operational by the end of the first quarter of 2011. Meanwhile, the company also receives a 10-year long-term commitment to 86 million liters of ethanol annually for Haryana, Jharkhand, West Bengal, and Orissa.

Apart from that, analysts believe that with the addition of new volumes, the company will be able to increase its ethanol mix to 20% by 2025. “The addition of new capacity will be an alternative capacity that can produce both ethanol and alcohol. About 75 percent of the expanded capacity will be used to produce ethanol and about 25 percent will be alcohol for the consumer business. It will be used in manufacturing. “

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Globus Spirits slipped 15% with weak results in the March quarter

https://www.business-standard.com/article/markets/globus-spirits-slips-15-on-disappointing-march-quarter-results-122052500643_1.html Globus Spirits slipped 15% with weak results in the March quarter

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