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Globus Spirits reports 18% fall in Q1 net profit

22 Aug 2012 Evaluate

Globus Spirits has reported results for first quarter ended June 30, 2012

On standalone basis, the company has reported a fall of 17.72% in its net profit at Rs 9.52 crore for the quarter, as compared to Rs 11.57 crore for the same quarter in the previous year. However, total income of the company has increased by 24.42% to Rs 143.87 crore for the quarter under review as compared to Rs 115.63 crore for the quarter ended June 30, 2011.

GSL is engaged in the business of manufacture, marketing and selling of Industrial Alcohol (comprising RS and ENA), CL and IMFL. The company has a well established position in domestic CL segment with significant market share (22%, 17% and 20% share in Rajasthan, Haryana and Delhi respectively).

Globus Spirits Share Price

915.90 -19.60 (-2.10%)
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