Strong Q4 for Globus Spirits, PAT jumps 929%
  • WebDesk BTVI
  • May 08 2019

Shekhar Swarup, ED of Globus Spirits, gives an overview of the company’s earnings. He says the performance was due to the bulk ENA and Ethanol volumes from Bihar, which started production this year after a halt. Asked about what the company expects moving forward, Swarup says they are hoping to achieve 90% utilisation in FY20 as well as a good profitability on the backdrop of steady demand for liquor. He also says that the firm is looking to expand distribution reach to 12 states.