Amid strong fourth-quarter results, Globus Spirits shares touched a new high of Rs 459.15 per share, after rallying around nine per cent on the BSE in intraday trade on Wednesday. Since its Q4 results announcement on June 14, the stock has surged around 14 per cent in the past two trading days. 

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The company reported a more-than-doubled consolidated profit at Rs 50.63 crore in the March-ended quarter, on the back of strong revenue as against Rs 19.35 crore in the same period a year ago. 

The breweries and distilleries company’s stock gained around 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex in the past five sessions. 

Globus Spirits’ gross revenue spurted by 66 per cent year-on-year (YoY) at Rs 491 crore, amid rise in both volume and value, mainly due to the consumer business segment.  

Similarly, the share of the consumer business (value segment) increased by around 900 basis points (bps) YoY from 35 per cent in Q4FY20 to 44 per cent in Q4FY21. 

The EBITDA margin grew by over 1140 bps YoY to 24.9 per cent in Q4FY21 from 13.5 per cent in Q4FY20, on the back of a higher share of consumer business, and better realizations on ENA (Extra Neutral Alcohol) and ethanol.  

The company said higher EBITDA margin coupled with lower finance cost drove profitability at PBT (profit before tax) level. 

The company is the largest grain-based ENA manufacturer in India with a capacity of 160 million liters. It is reputed IMFL (Indian-made foreign liquor) players are major customers for bulk alcohol, present in Rajasthan, Haryana, Bihar, and West Bengal.