Globus Spirits Q2 FY27 Results: Consolidated Net Profit ₹14.02 Crore on Total Income of ₹1,102 Crore
Earnings
Spirits manufacturing
Blacklitt Research4 min read
terri_bateman, via Wikimedia Commons (CC0). Illustrative image.
Globus Spirits Limited reported consolidated total income of ₹1,102.09 crore and net profit of ₹14.02 crore for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹1,102.13 crore and net profit was ₹14.92 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,102.09 crore, up 26.0% YoY and down 4.5% QoQ
Net profit and EPS: ₹14.02 crore, down 35.7% YoY; basic EPS ₹4.64 against ₹7.58
Finance costs: ₹16.57 crore against ₹13.71 crore a year earlier, up 20.9%
Tax expense: ₹5.24 crore against ₹3.21 crore a year earlier, up 63.1%
Standalone
The company on its own, without its subsidiaries
Total income: ₹1,102.13 crore, up 26.2% YoY and down 4.5% QoQ
Net profit and EPS: ₹14.92 crore, down 36.1% YoY; basic EPS ₹4.89 against ₹8.06
Finance costs: ₹16.57 crore against ₹13.71 crore a year earlier, up 20.9%
Tax expense: ₹5.24 crore against ₹3.29 crore a year earlier, up 59.2%
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,102.09
874.60
+26.0%
1,153.62
-4.5%
Revenue from operations
1,098.93
871.78
+26.1%
1,151.88
-4.6%
Other income
3.16
2.82
+12.1%
1.74
+81.6%
14.02
21.81
-35.7%
26.48
-47.1%
Profit before tax
19.25
25.02
-23.0%
36.34
-47.0%
Finance costs
16.57
13.71
+20.9%
15.66
+5.8%
Depreciation
26.97
22.23
+21.4%
26.44
+2.0%
Tax expense
5.24
3.21
+63.1%
9.86
-46.9%
Net profit margin
1.27%
2.49%
-1.22 pp
2.30%
-1.02 pp
EPS, basic (₹)
4.64
7.58
-38.8%
9.14
-49.2%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 26.0% year on year to ₹1,102.09 crore, while net profit fell 35.7% to ₹14.02 crore. Net profit fell faster than profit before tax, which was ₹19.25 crore, down 23.0% from ₹25.02 crore. Tax expense was ₹5.24 crore against ₹3.21 crore a year earlier, up 63.1%.
Revenue from operations was ₹1,098.93 crore, up 26.1% from ₹871.78 crore, and other income was ₹3.16 crore, up 12.1%. Other income is 0.3% of total income this quarter. Net profit margin was 1.27%, against 2.49% a year earlier.
Finance costs were ₹16.57 crore against ₹13.71 crore a year earlier, and depreciation was ₹26.97 crore against ₹22.23 crore. For the six months ended 30 Sep 2026, consolidated profit after tax was ₹40.50 crore against ₹39.50 crore for the six months ended 30 Sep 2025, up 2.5%.
Note 6 covers an income-tax search and seizure operation from 30 Jan 2023 to 3 Feb 2023 and assessment orders received in April 2024 for AY 2014-15 to AY 2023-24. The company says it has no tax demand for AY 2014-15 to AY 2020-21. For the remaining 3 assessment years the aggregate demand is ₹40.94 crore, of which ₹30.44 crore has been paid under protest. The company has filed an appeal and says it believes it can succeed; no provision has been made. The auditor draws attention to this note.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,102.13
873.48
+26.2%
1,153.55
-4.5%
Revenue from operations
1,098.93
870.64
+26.2%
1,151.84
-4.6%
Other income
3.20
2.84
+12.7%
1.71
+87.1%
14.92
23.35
-36.1%
27.55
-45.9%
Profit before tax
20.15
26.64
-24.4%
37.42
-46.1%
Finance costs
16.57
13.71
+20.9%
15.66
+5.8%
Depreciation
26.97
22.22
+21.4%
26.44
+2.0%
Tax expense
5.24
3.29
+59.2%
9.86
-46.9%
Net profit margin
1.35%
2.67%
-1.32 pp
2.39%
-1.04 pp
EPS, basic (₹)
4.89
8.06
-39.3%
9.48
-48.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income was ₹1,102.13 crore, up 26.2% year on year. Profit before tax was ₹20.15 crore against ₹26.64 crore, down 24.4%, and profit after tax was ₹14.92 crore against ₹23.35 crore, down 36.1%. Net profit fell 36.1% YoY, more than profit before tax.
Standalone other income was ₹3.20 crore, up 12.7%, and basic EPS for the quarter was ₹4.89 against ₹8.06 a year earlier. For the six months ended 30 Sep 2026, basic EPS was ₹14.25 against ₹14.47 for the six months ended 30 Sep 2025.
On 6 Aug 2026 the company allotted 2,380,952 equity shares to qualified institutional buyers at ₹840 a share under a Qualified Institutional Placement. The issue aggregated ₹200.00 crore, or ₹189.92 crore net of issue expenses. Of the net proceeds, ₹155.00 crore was used to repay non-current borrowings up to 30 Sep 2026, and ₹34.92 crore remains invested in mutual funds.
The company also allotted 12,373 equity shares on exercise of stock options under the Employee Stock Option Plan 2021. After the allotment, equity share capital stands at 29,080,341 equity shares of ₹10 each.
Inference
The filing states that the Qualified Institutional Placement was completed in August 2026 for ₹200.00 crore gross, that ₹155.00 crore of the net proceeds has repaid non-current borrowings, and that ₹34.92 crore remains invested in mutual funds.
The auditor's review found nothing to suggest a material misstatement in either set of results. The filing gives no reason for the fall in net profit or for the rise in trade receivables, so the cause of either is not known from this filing.
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