Globus Spirits reported a consolidated revenue of Rs 1,098.93 crore and a net profit of Rs 14.02 crore for the quarter ended September 30, 2026. The company also provided updates on its Rs 200 crore QIP fund utilization and ongoing tax litigation involving a demand of Rs 40.94 crore.
Globus Spirits Reports Q2 FY27 Financial Results and Strategic Updates
Revenue from operations reached Rs 1,098.93 crore for the quarter ended September 30, 2026. Profit after tax for the same period stood at Rs 14.02 crore.
Reader Takeaway: QIP fund deployment provides debt relief, while the company remains confident against ongoing tax litigation demands.
What just happened
Globus Spirits released its consolidated financial results for the quarter ended September 30, 2026. Revenue grew year-on-year from Rs 871.78 crore in the September 2025 quarter, though net profit declined to Rs 14.02 crore from Rs 21.81 crore in the corresponding period last year. The company also confirmed the successful completion of a Qualified Institutional Placement (QIP) that raised Rs 200 crore in August 2026.
Why this matters
The QIP funds have been primarily directed toward balance sheet strengthening. Out of the net proceeds, Rs 155 crore has been utilized for the repayment of non-current borrowings, helping the company manage its leverage. The remaining balance of Rs 34.92 crore is currently parked in mutual funds.
Tax Litigation Disclosure
The company is addressing tax demands totaling Rs 40.94 crore arising from search and seizure operations conducted in early 2023. Globus Spirits has paid Rs 30.44 crore under protest and has filed appeals. Management, supported by legal counsel, maintains that no liability is expected to devolve upon the firm and has not made any provisions for this in their current financial results.
What changes now
Following the exercise of employee stock options under the ESOP 2021 plan, the company’s total equity share capital now stands at 29,080,341 shares. This reflects ongoing efforts to incentivize the workforce while maintaining capitalization stability.
What to track next
Investors should monitor the outcome of the tax appeals before the Commissioner of Income Tax. Furthermore, the deployment of the remaining Rs 34.92 crore from the QIP proceeds will be a key area for operational capital tracking in subsequent quarters.