Globus Spirits Ltd (BOM:533104)
₹ 894.1 -5.7 (-0.63%) Market Cap: 25.82 Bil Enterprise Value: 28.99 Bil PE Ratio: 42.23 PB Ratio: 2.63 GF Score: 81/100
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Q3 2024 Globus Spirits Ltd Earnings Call Transcript

Feb 09, 2024 / 10:30AM GMT
Release Date Price: ₹860.1 (+8.58%)
Operator

Ladies and gentlemen, good day and welcome to the Globus Spirit Ltd Q3 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Shekhar Swarup. Thank you and over to you Mr. Shekhar Swarup.

Shekhar Swarup
Globus Spirits Ltd - Joint MD

Thank you. Good evening, everyone. Welcome to our Q3 and nine months earnings call. Our results and other documents have been uploaded on the exchanges and I hope you had a chance to go through the same.

As we've been discussing in the past, we had a sudden stoppage of supply of raw materials in quarter two from FCI for production of ethanol. However, coming into quarter three, our plants now have operated at full capacity based on rice mainly as the raw material and in part maize.

In Q3, we had been expecting a cool-down of raw material prices given the satisfactory harvest of paddy in the year. However, there has been a unique environment that prevailed where broken rice prices did not correct despite the

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