Submission of outcome of Board Meeting held on November 06, 2025
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Northern Spirits Limited's Board, at its November 6, 2025 meeting, approved unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Revenue from operations grew to ₹54,412.44 lakhs in Q2 FY26 (up ~11.6% YoY from ₹48,741.19 lakhs) and to ₹1,09,640.55 lakhs in H1 FY26 (up ~15.7% YoY from ~₹94,796 lakhs). Profit after tax for H1 FY26 rose to ₹1,497.04 lakhs from ₹1,167.13 lakhs, a growth of about 28% YoY, while H1 EPS improved to ₹9.31 from ₹7.27. Total expenses rose on higher purchases and finance costs, but operating margins showed modest expansion. Statutory auditors JKSS & Associates issued a Limited Review Report with an unmodified opinion, with no qualifications or emphasis matters. The company continues to operate in the trading and distribution of alcoholic beverages (spirits and wines).
Healthy double-digit revenue growth coupled with ~28% jump in H1 profit signals strong operating momentum, which is positive for shareholders. The clean (unmodified) auditor opinion and improving margins should support investor confidence in the near term.