Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Northern Spirits
Quarter-by-quarter operating performance
| Sep 2020 | Jun 2021 | Sep 2021 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 53.70 | 51.78 | 111.68 | 314.18 | 324.45 | 460.56 | 487.41 | 528.17 | 466.48 | 534.12 | 562.68 | 596.24 | 615.92 |
| Expenses + | 51.21 | 49.10 | 104.16 | 305.95 | 315.90 | 450.94 | 478.00 | 507.03 | 460.19 | 520.60 | 548.99 | 583.65 | 605.76 |
| Operating Profit | 2.49 | 2.68 | 7.52 | 8.23 | 8.55 | 9.62 | 9.41 | 21.14 | 6.29 | 13.52 | 13.69 | 12.59 | 10.16 |
| OPM % | 4.64% | 5.18% | 6.73% | 2.62% | 2.64% | 2.09% | 1.93% | 4.00% | 1.35% | 2.53% | 2.43% | 2.11% | 1.65% |
| Other Income + | 0.00 | 0.00 | 0.46 | 0.22 | 0.37 | 0.00 | 0.50 | 0.13 | 0.23 | 0.34 | 0.36 | 0.25 | 0.91 |
| Interest | 2.27 | 1.05 | 3.06 | 1.95 | 1.98 | 1.50 | 2.56 | 9.10 | 3.02 | 4.02 | 3.94 | 3.19 | 3.89 |
| Depreciation | 0.08 | 0.10 | 0.06 | 0.06 | 0.08 | 0.06 | 0.05 | 0.05 | 0.13 | 0.13 | 0.13 | 0.20 | 0.16 |
| Profit before tax | 0.14 | 1.53 | 4.86 | 6.44 | 6.86 | 8.06 | 7.30 | 12.12 | 3.37 | 9.71 | 9.98 | 9.45 | 7.02 |
| Tax % | 0.00% | 0.00% | 25.72% | 23.91% | 29.30% | 24.69% | 23.29% | 24.01% | 37.69% | 24.00% | 24.05% | 24.02% | 29.20% |
| Net Profit + | 0.14 | 1.53 | 3.61 | 4.89 | 4.85 | 6.07 | 5.60 | 9.21 | 2.09 | 7.38 | 7.59 | 7.18 | 4.98 |
| EPS in Rs | 0.09 | 0.95 | 2.25 | 3.05 | 3.02 | 3.78 | 3.49 | 5.74 | 1.30 | 4.60 | 4.73 | 4.47 | 3.10 |
Financials of Northern Spirits
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2 | 3 | 16 | 25 | 110 | 154 | 152 | 268 | 905 | 1,235 | 1,943 | 2,309 |
| Expenses + | 2 | 4 | 15 | 23 | 90 | 146 | 143 | 255 | 883 | 1,204 | 1,896 | 2,259 |
| Operating Profit | 0 | -0 | 1 | 2 | 20 | 8 | 8 | 13 | 23 | 31 | 46 | 50 |
| OPM % | 3% | -13% | 5% | 7% | 18% | 5% | 5% | 5% | 2% | 2% | 2% | 2% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 |
| Interest | 0 | 0 | 0 | 0 | 5 | 3 | 4 | 5 | 8 | 9 | 16 | 15 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | -0 | 1 | 1 | 15 | 5 | 4 | 8 | 15 | 22 | 31 | 36 |
| Tax % | 17% | 0% | 18% | 25% | 35% | 28% | 28% | 25% | 25% | 26% | 26% | 25% |
| Net Profit + | 0 | -1 | 1 | 1 | 10 | 4 | 3 | 6 | 11 | 17 | 23 | 27 |
| EPS in Rs | 66.67 | -12.59 | 13.09 | 8.46 | 8.56 | 2.25 | 1.85 | 3.74 | 6.93 | 10.32 | 14.31 | 16.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2% | 2% | 2% |
Financials of Northern Spirits
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.41 | 0.41 | 1 | 12 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 0 | 1 | 1 | 5 | 29 | 47 | 50 | 56 | 67 | 84 | 107 | 133 |
| Borrowings + | 4 | 2 | 2 | 5 | 45 | 43 | 57 | 68 | 95 | 138 | 171 | 209 |
| Other Liabilities + | 1 | 5 | 9 | 9 | 8 | 2 | 2 | 2 | 4 | 1 | 1 | 23 |
| Total Liabilities | 5 | 8 | 13 | 21 | 94 | 108 | 125 | 142 | 183 | 239 | 295 | 381 |
| Fixed Assets + | 4 | 4 | 5 | 5 | 11 | 10 | 10 | 10 | 10 | 11 | 12 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1 | 4 | 8 | 16 | 83 | 98 | 115 | 132 | 172 | 228 | 283 | 370 |
| Total Assets | 5 | 8 | 13 | 21 | 94 | 108 | 125 | 142 | 183 | 239 | 295 | 381 |
Financials of Northern Spirits
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1 | 1 | 1 | -7 | -50 | -12 | -10 | 0 | -22 | -29 | -7 | 7 |
| Cash from Investing Activity + | -4 | -1 | 0 | -0 | -6 | 0 | 0 | -0 | -0 | -0 | -1 | -0 |
| Cash from Financing Activity + | 3 | -1 | -0 | 2 | 20 | 15 | 4 | -3 | 104 | 34 | 17 | 22 |
| Net Cash Flow | 0 | -0 | 0 | -5 | -36 | 3 | -7 | -3 | 81 | 4 | 9 | 29 |
| Free Cash Flow | -3 | 1 | 0 | -7 | -56 | -12 | -10 | -0 | -23 | -30 | -8 | 7 |
| CFO/OP | 1,480% | -244% | 119% | -422% | -250% | -145% | -123% | 1% | -98% | -95% | -15% | 15% |
Financials of Northern Spirits
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 101 | 96 | 122 | 124 | 94 | 113 | 86 | 43 | 42 | 31 | 30 |
| Inventory Days | 62 | 155 | 70 | 146 | 160 | 112 | 110 | 67 | 23 | 20 | 17 | 22 |
| Days Payable | 40 | 131 | 76 | 63 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | 4 |
| Cash Conversion Cycle | 23 | 125 | 91 | 206 | 277 | 205 | 222 | 154 | 66 | 62 | 49 | 48 |
| Working Capital Days | -432 | -221 | -45 | 90 | 87 | 114 | 141 | 84 | 30 | 23 | 16 | 13 |
| ROCE % | 6% | -8% | 28% | 21% | 41% | 9% | 7% | 10% | 14% | 15% | 18% | 16% |
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