Globus Spirits hits new high; advances 28% in a week on strong Q4 results

In Q4FY21, the company's Ebitda margin grew by over 1,140 bps YoY to 24.9 per cent, on account of higher share of consumer business, and better realizations on ENA and ethanol

Shares of Globus Spirits hit a new high of Rs 459 after rallying 9 per cent on the BSE in intra-day trade on Wednesday. The stock has now surged 14 per cent in the past two trading days after reporting a more-than-doubled consolidated profit after tax (PAT) at Rs 50.63 crore in the March quarter (Q4FY21), on the back of strong revenue. It had PAT of Rs 19.35 crore in the year-ago quarter.

In the past one week, the stock of the breweries & distilleries company has advanced 28 per cent, as compared to 1 per cent rise in