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The cost of rice is a major determinant of ethanol production costs. Lower input costs will boost the profitability of ethanol manufacturers, positively impacting their financial performance.
Globus Spirits is primarily engaged in the business of manufacturing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), bulk alcohol, hand sanitizer and franchise bottling.
On a consolidated basis, net profit of Globus Spirits declined 89.20% to Rs 1.41 crore while net sales rose 12.50% to Rs 638.06 crore in Q2 September 2024 over Q2 September 2023.
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