Globus Spirits' Net Profit Plummets 98.76% in December 2024 Quarter

Globus Spirits reported a steep 98.76% decline in consolidated net profit for the December 2024 quarter, amounting to just ₹5.5 million. Despite consolidated revenue from operations reaching ₹8.83 billion, rising costs and operational challenges significantly impacted profitability. The company faces mounting pressure to address these issues as investors grow increasingly cautious about its financial stability. This performance marks another challenging quarter for the liquor manufacturer, known for its whisky and other spirits, as it struggles to balance revenue growth with cost management.

Source: Trading View