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Globus Spirits nears 52-week high post Q1 nos; stock up 91% so far in FY21

The company's consolidated net profit jumped 161.4 per cent to Rs 18.72 crore during the quarter under review, compared to Rs 7.16 crore profit in the year-ago period

The stock was near its 52-week high of Rs 170, touched on August 13, 2020
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The stock was near its 52-week high of Rs 170, touched on August 13, 2020

SI Reporter New Delhi
Shares of Globus Spirits were locked in the 5 per cent upper circuit at Rs 169.25 after the liquor-maker reported strong set of June quarter numbers. The company's consolidated net profit jumped 161.4 per cent to Rs 18.72 crore during the quarter under review, compared to Rs 7.16 crore profit in the year-ago period.

Profit before tax, meanwhile, came in at Rs 25.53 crore, up from Rs 12.37 crore reported in June quarter of FY20. Sequentially, it increased marginally from Rs 22.21 crore logged in Q4FY20. Revenue from operations, however, slipped to Rs 291.98 crore from Rs 314.65 crore in the

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