Globus Spirits freezes at 5% lower circuit post September quarter results

The company reported lower capacity utilisation sequentially at 90% in Q2 on account of unplanned shutdown at Bihar facility

Shares of Globus Spirits were locked at 5 per cent lower circuit, at Rs 1,151.65, on the BSE on Monday after the company reported lower capacity utilisation on a quarter-on-quarter (QoQ) basis at 90 per cent in September quarter (Q2FY22). This was on account of unplanned shutdown at Bihar facility due to floods and planned shutdown for maintenance at Haryana and West Bengal facilities. The company said the shutdown led to an estimated contribution loss of Rs 25 crore.

Globus Spirits reported 52 per cent year on year (YoY) jump in its consolidated profit after tax (PAT) at Rs